One Reverse Mortgage wants to make sure you know all of your available options. We’ll be able to compare a traditional home equity loan through our partner, Quicken Loans, with that of a home equity conversion mortgage (HECM) from One Reverse Mortgage.
Click here to see our loan comparison chart. It details the differences between a reverse mortgage, Home Equity Line of Credit, Cash out Refinance, Payday/Cash Advance and Credit Card Advance.
There are two product choices available; the standard reverse mortgage and a HECM saver reverse mortgage. Both offer distinct advantages based on your specific needs.
- A standard reverse mortgage allows you to draw out the maximum equity you can from your home, which increases your lump sum payout or monthly proceeds. This is a good option if you’re on a limited income and looking to increase your cash flow.
- The HECM Saver has lower fees and allows you to draw less equity out of your home. This is a good option if you’re interested in obtaining a home equity loan but don’t want to increase your monthly mortgage payments.
Review the information and then call a Mortgage Expert at 1-866-373-4646 today!