HECM vs. HELOC: What are the advantages?
Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. However, the standard HELOC isn’t the right choice for everyone. HousingWire recently spoke with Adrian Prieto, SVP of wholesale and third-party relationships at Longbridge Financial, about the advantages of HECMs and how they better serve homeowners aged 62+.
Source: housingwire.com