What happens if I use all the funds in my reverse line of credit? That’s a great question! Once you have used all the funds available in your line of credit on a HECM reverse mortgage you can no longer take advances. However, as far as repayment or any additional obligations, there are none.
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03/20/2011
Reverse Mortgages - What’s the catch? I hear that a lot, reverse mortgages sometimes sound too good to be true. ";You mean the bank will give me a loan that I don’t have to pay back until I die? Come on, really? How do they make any money? There’s got to be more to the story!"; .... and there i
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03/08/2011