• Question
  • Would the establishment of a line of credit be our best choice?

    Asked by a 72 year old man from McKinney, TX on 8/12/2014

    Would the establishment of a line of credit be our best choice?

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  • Categories: Loan Amount and Type, Reverse Mortgages

Answers

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  • If you're asking in reference to a Reverse Mortgage, I would say "yes". Or the Tenure payment. Your interest charge each month will be lower, reducing your equity at a slower pace.

  • Login to rate this answer:   Answered on 8/12/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.