What Is The Difference Between A Traditional HELOC, And A Home Equity Conversion Mortgage (HECM) Line Of Credit?

What Is The Difference Between A Traditional HELOC, And A Home Equity Conversion Mortgage (HECM) Line Of Credit?
What is the difference between a traditional HELOC, that you would get from your bank, and a Home Equity Conversion Mortgage (HECM) line of credit?  You might be surprised by how different they are.  Listen now to find out more!
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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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