HELOC loan volume surges- can they compete with a HECM?
HELOC loans surged 41% from Q2 2021- Q2 2022. Can a home equity line of credit compete with a reverse mortgage?
heloc alternative
Reducing HELOC Risks
HELOCs have begun to resurge in the mortgage market as home values have nearly recovered from their pre-crash values and today’s artificially low interest rates. While banks make these loans attractive to the average consumer what is often overlooked or not expressly pointed out are the risks and limitations.
