Home Equity Conversion Mortgage vs Home Equity Line Of Credit

Home Equity Conversion Mortgage vs Home Equity Line Of Credit
How does a Home Equity Conversion Mortgage (HECM) line of credit compare to a traditional Home Equity Line of Credit (HELOC), you receive from your bank? There are good and bad points on both sides, but Bruce has good reasons for being biased towards the HECM line of credit and he will share these with you.
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Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

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