Posted on May 22, 2020

Reverse Mortgage Specialists

Heloc Market Slowdown Leads To More Reverse Mortgage Inquiries

The originators of reverse mortgages have always lauded the advantages of reverse mortgage options for a few prospects relative to HELOCs or home equity lines of credit. However, the latest changes in the home equity lending environment brought this differentiation back to the fore, and a few originators are getting higher numbers of inquiries because of people who want to get a HELOC but are unable to qualify.

The merits of HELOC and HECM were easily compared before when credit were easily obtained and the interest rates were low. Now, things have changed and the situation has made the differentiation a lot more favourable and the discussion has been made far easier.
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