Real estate blog entries tagged with turned down for a heloc unlock your home equity with a reverse mortgage by Cherry Creek Mortgage

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Home : Blogs : Rick Kellow FHA & Reverse Mortgage Expert : Rick Kellow FHA & Reverse Mortgage Expert's Blog : Tag "turned down for a heloc unlock your home equity with a reverse mortgage"

turned down for a heloc unlock your home equity with a reverse mortgage: Turned Down for a HELOC? Unlock Your Home Equity with a Reverse Mortgage - 09/20/11 11:10 PM

If you’ve been turned down for a traditional home equity line of credit (HELOC), you may still be able to get the money you need by tapping into your home’s equity using a reverse mortgage. While a HELOC may not be an option for you during these tight credit times, if you’re a homeowner aged 62 or over with sufficient equity in your home, it’s relatively easy to qualify for a reverse mortgage.
Many reverse mortgage homeowners have turned their home equity into tax-free cash to help meet their needs and satisfy their wants. There are several benefits a homeowner can … (0 comments)

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