What does a HELOC resurgence mean for reverse mortgages?

August 30, 2022

What does a HELOC resurgence mean for reverse mortgages?

According to this article by Reverse Mortgage Daily, origination volume for Home Equity Lines of Credit (HELOC) has spiked in the second quarter of 2022, creating the potential of renewed interest in tapping into home equity with a Home Equity Conversion Mortgage (HECM.)

Is this an opportunity for senior borrowers to think about doing a reverse mortgage? Read more and see how you can use HELOCs as a barometer of interest in equity lending.

Find out more about reverse mortgage options on the Plaza Home Mortgage website, and reach out to us at Reverse@plazahomemortgage.com. Let’s explore adding this strategy as another option for your borrowers and your business.

Category: Reverse Market News

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