Line of Credit
LINE OF CREDIT NOW AVAILABLE IN TEXAS!
More than 60% of all families who do a reverse mortgage, request a line of credit for their funds. You may access your line of credit 30 days after you close your reverse mortgage. There is no minimum amount you may request.
Benefits of a Line of Credit:
Your unused Line of Credit balance grows by .5% per annum.
- There is no interest accumulating on your unused Line of Credit balance.
- Easy to access your Line of Credit, simply fax or mail your personal funds request coupon and your funds will be mailed or direct deposited to your bank account.
- You may use your Line of Credit funds anytime you wish, use them as you need them. This is perfect for home improvement projects!
- You may use your Line of Credit funds for anything you wish…take a cruise, pay off high interest credit cards, home improvements…Imagine the possibilities!