Posts Tagged ‘line of credit’
Reverse mortgage lines of credit could benefit from higher rates: retirement expert
The Federal Housing Administration (FHA) ties a growth rate to mortgage interest rates on HECM credit lines, Resch explained. “With higher rates, the available line of credit grows faster,” Resch told the publication. This is a different result compared with clients who have other kinds of home equity loans, who are seeing available cash proceeds…
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