A Reverse Line of Credit is irrevocable, meaning the bank cannot close or lower the line of credit.
A Reverse Line of Credit grows over time. The unused portion of your Reverse LOC grows over time, helping to keep pace with today’s rising costs and inflationary pressures.
Take only what you need, when you need it.
With no monthly payments a Reverse Mortgage Line of Credit is easier to qualify for than a traditional Home Equity Line of Credit (HELOC). As a matter of fact, many people who have been turned down for a HELOC have been approved for a Reverse LOC!