Last month in part one of this series that I discussed the benefits of “Payment Flexibility” with reverse mortgages. For this article, I want to discuss the benefits of the Line of Credit (LOC).
Some people think that reverse mortgages are complicated in the way the loan amount is calculated. While it is different than a regular mortgage, it is not complicated.
Back in 1987, when I first entered the finance business, it very quickly became evident to me that it is a whole lot easier to borrow money when you do NOT need the money than when you do.
Losing a husband or wife is one of the toughest times to get through in life, and they’ll need your emotional support to get through … and more.