Born on October 4th, the HECM SAVER is a new, low cost option for seniors that enables them to tap into the equity of their homes as needed via a credit line. This video takes a look at HELOC loans, HECM SAVER loans, and the 6 things you should examine between the two.
HELOC - Defined on Wikipedia.com - click here
Memo commenting on new HECM SAVER - From the Desk of David H. Stevens, HUD's Assistant Secretary for Housing - click here
To get your HECM Saver options in black and white, email me anytime and I will make the extra effort to serve you in the timely and professional manner that you deserve!