Can A HELOC Work Like A Reverse Mortgage

Can A HELOC Work Like A Reverse Mortgage

Yes, a HELOC allows a homeowner to access the equity paid into their homes just like a reverse mortgage; however, HELOCs do not have the incredibly high fees associated with accessing that liquidity (e.g. $0 to $1,000 for accessing up to $1M in equity) like a reverse mortgage has (e.g. $15,000+ in fees for accessing $250K in equity).

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