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!