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Title
Home Equity Line of Credit versus Home Equity Conversion Mortgage Line of Credit.
Authors
Salter, John
Abstract
Retirees often need to choose between a home equity line of credit and a reverse mortgage line of credit to protect against longevity and liquidity risks in retirement. We compare and contrast these two options with regard to several factors including whether the line of credit grows, whether there is a requirement for payback, and what costs are involved.
Publication
Journal of Financial Service Professionals, 2014, Vol 68, Issue 6, p13