“Love is that condition in which the happiness of another person is essential to your own.”- Robert A. Heinlein
A COMPARISON: HECM VS. HELOC
One of the questions I get asked frequently is what are the differences between a HECM (Home Equity Conversion Mortgage) and a HELOC (Home Equity Line of Credit).
With both a HECM and a HELOC you maintain ownership of your home but with the HECM there are a number of other significant benefits.
Below is a great piece talking about the differences between these two financial solutions.
Click here to read: far-2000-hecm-vs-heloc
Please reach out if you’d like to learn more about how a HECM can help you meet your retirement goals.