Reverse Mortgages vs. a HELOC and a Home Equity Loan

August 31, 2022Posted in BlogComments Off

Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan Reverse Mortgage vs HELOC. For homeowners aged 62+, a Home Equity Conversion Mortgage (HECM, commonly called a reverse mortgage) loan offers some distinct advantages over other types of home-equity-release loans. According to a survey conducted by Clever, about half (51 percent) of […]

Home Equity Conversion Mortgage

December 10, 2020Posted in BlogComments Off

Home Equity Conversion Mortgage Home Equity Conversion Mortgage. Let’s talk about one of the most confusing aspects of a reverse mortgage loan-home equity. Most people are concerned about the equity in their homes, and too often, they view a reverse mortgage with the fear of losing that equity. Equity is the value of something (e.g., […]