Future access to a HELOC is NOT guaranteed. What about a HECM?
Continue readingAre HECMs the Ultimate HELOC Alternative?
The Coming HELOC Crisis & Opportunity
The next mortgage bubble with pending HELOCs written in the mid 2000’s could spell opportunity for reverse mortgage lenders and originators alike. A recent study by TransUnion echoes what some mortgage experts have been warning us of in the last year: there is a coming HELOC bomb that could explode in the coming years.
Continue readingHaven’t We Learned?
The Wall Street Journal recently reported that more homeowners are once again tapping into their home equity. As home values recover and interest rates remain artificially low many are beginning to take out HELOCs or Home Equity Lines of Credit to fund home renovations, pay off higher interest rate debts or cover other expenses.
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