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Reverse Mortgage – The Line of Credit That Grows

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Posts Tagged 'line of credit'

Reverse Mortgage Line of Credit – The Credit Line That GROWS.

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In 2019, the reverse mortgage line of credit continues to be the most popular option for homeowners when choosing how to access their funds.  According to an article by AARP, borrowers recognized this choice at about 66% of the time when obtaining a reverse mortgage as being the right choice for them. Since HUD changed the guidelines on the receipt of...
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ALL-NEW Jumbo Reverse Mortgage with Line of Credit Feature!

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All Reverse Mortgage® is proud to announce our new Jumbo Reverse Mortgage Line of Credit (RMLOC). Like the Home Equity Conversion Mortgage (HECM), it is a non-recourse loan, meaning neither the borrowers nor their heirs shall have personal liability. Our Jumbo RMLOC has no mortgage insurance, up front or annual renewal.  The line of credit available grows at an annual rate...
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ALL-NEW: Fixed-Rate Reverse Mortgage Line of Credit!

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New Reverse Mortgage Product Offers Certainty of Fixed Rate, Flexibility of Payment Plans For the first time ever, a new reverse mortgage is available that offers borrowers all the certainty of a fixed-rate loan as well as the flexibility of multiple payment options all in one product. In years past, borrowers who opted for a fixed rate reverse...
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