Reverse Mortgages (HECM) are designed for seniors 62 , offering no payments and even supplemental income. But here’s the truth: the part that actually makes them work is the Home Equity Line of Credit (HELOC). Instead of paying brokers tens of thousands in fees, homeowners can often structure their own HELOC for free—keeping payments low, maintaining flexibility, and even creating supplemental income without unnecessary debt. Reverse Mortgages may fit in rare cases, but for most, a HELOC offers

Reverse Mortgage Line of Credit & Growth Rate Explained

Reverse Mortgage vs. HELOCs | HomeEquity Bank