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February 20, 2014
Reverse Mortgage or HELOC – Which is Best?
If you’ve decided to tap into your home equity during retirement, there are a few different ways to go about doing this. Most likely, your options will come down to a Reverse Mortgage or a home equity line of credit, or “HELOC”.
Reverse Mortgage vs. HELOC
A reverse mortgage and a HELOC have a lot in common.
There are also some distinct differences.
The best choice will depend on your financial situation and preferences.
See How Much You May Be Eligible To Borrow With A Reverse Mortgage
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