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'Line of Credit' Category Archives

Skip Tenure Plan & Go for the Credit Line Growth

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If you’re thinking about taking out a reverse mortgage, it’s important to understand all of its unique features. Did you know that the federally-insured home equity conversion mortgage (HECM) program has a loan payment option that actually grows over time, thereby increasing your borrowing capacity? The HECM program allows homeowners aged 62 and older to access the home...
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Why a Reverse Mortgage is SMARTER than a HELOC

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A Look into the "Reverse Mortgage LOC" VS "HELOC" (Traditional Home Equity Line of Credit)  You may have heard of reverse mortgages, and the retirement option they can offer to individuals or couples who are “house rich, cash poor.” For those looking to tap into their home equity in retirement, a reverse mortgage can be a useful tool to allow this. A...
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