Reverse Mortgage Line Of Credit (LOC)

A Reverse Mortgage Line of Credit is a specific way to receive funds via a Reverse Mortgage. With a Reverse Line of Credit, you only draw the money you need, when you need it, and have an available credit line against your homes equity. Additional benefits include:

Irrevocable:

A Reverse Line of Credit is irrevocable, meaning the bank cannot close or lower the line of credit.

Growth:

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.

Flexible:

Take only what you need, when you need it.

Qualification:

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!

Want to learn more?

Call us at 844-FLA-BEST (844-352-2378) or email and let’s discuss your unique situation to see how Florida’s Best Reverse Mortgage Company can be of service to you.

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