Feel free to click here to watch a video on the HECM reverse mortgage line of credit growth rate.

Here's how the
HECM reverse mortgage line of credit growth rate works: An equity line of credit where the unused portion of the line of credit can double or triple in size, all being tax free money to be used at a later point in time..

Too good to be true? What's better a
 reverse mortgage equity line of credit vs. a regular home equity line of credit?  It's not even close. This is one of the best kept secrets that can help thousands of senior citizen homeowners.  The key is to originate the loan as early as possible in your retirement, say 62 years of age, to allow time for the magic of compounding interest to take place to give the line time to grow.  To get the most out of the HECM Reverse Mortgage line of credit growth rate, it is ideal to have a home that's free and clear of mortgages and liens prior to originating the loan.  This way there is no mortgage balance, and the line of available credit can grow faster.  

HECM Reverse Mortgage home equity line of credit growth rate is not the same as the interest rate tied to the loan balance owed, the portion of the line that has been used.  On a $100,000 line of credit with a $10,000 balance which has an interest rate of say 4.5% may have a 4.75% growth rate attached to the $90,000 unused portion of the line of credit.
You can start out with a $100,000 line of credit available to use at your disposal, and in 20 years it can blossom to $200,000 and in a rising interest rate environment, it can blossom to $300,000 or more-all in tax free money to use.
The initial amount of the credit line granted by the lender is explained in the
how to qualify for a HECM reverse mortgage section.

If your home depreciates in value, the
HECM Reverse Mortgage line of credit stays open.  It can not be closed per HUD guidelines, and even if the value of your home is $300,000, your line of credit can surpass the value the home....with no ceiling!  It can keep growing and growing with compounding interest.

This option is not for everyone.  If a senior citizen needs immediate funds to help supplement their income, or if they are looking to buy a home, this option may not be a good fit, but it can create wealth for some who have the  "set it and forget it" discipline and ability to live off other retirement vehicles.
Buying a home with a reverse mortgage is better fit for the
HECM Reverse Mortgage purchase loan, and getting immediate funds to supplement monthly income can be used with the HECM Reverse Mortgage line of credit, but instead of letting the available credit limit grow, you access it right away.
So again when comparing a
HECM reverse mortgage equity line of credit vs. a regular home equity line of credit the HECM gives you more options, more money over time and safety since the lender can not close the line in the event of falling home values.

Click here to learn more about the Reverse Mortgage HECM line of credit growth rate by watching this video.
If you have any other questions or concerns feel free to call Kevin Walton at 800-506-0632 ext. 0 or click here to describe your loan scenario.

Warmest regards,
Kevin Walton
Certified Mortgage Advisor
C2 Financial Corporation
NMLS 2454923

HECM Reverse Mortgage Refinance

Thank you for your interest and taking the time in looking into the HECM reverse mortgage refinance loan. Please let us know your scenario by briefly filling out the below fields so that we can assist you. We do not sell your information to any third parties and we too value privacy! Thanks, Kevin Walton Best Capital Funding Cell: 800-506-0632 ext. 0

HECM Reverse Mortgage Refinance