With techniques, that is much like the old-fashioned HELOC personal line of credit talked about earlier, however, there are crucial distinctions

And you will, since a keen HECM contrary home loan are structured because an enthusiastic open-ended personal line of credit, similarly to good HELOC, if you need, you can repay every or part of the reverse home loan in the event that you such as for example and you will borrow the bucks once more […]