Home Equity Line of Credit

HELOC, or Home Equity Line of Credit, is a type of loan. It is not a reverse mortgage. With a HELOC, the lender agrees to lend a maximum amount to a borrower within an agreed period. The collateral is the borrower’s home equity.

Jump to…

Home Equity Loan

When you apply for a reverse mortgage, lenders must conduct...

See More arrow

Index and Margin for Adjustable-Rate Mortgage

When you apply for a reverse mortgage, lenders must conduct...

See More arrow

Recent Articles

What is a Lender Credit?

What is a Lender Credit?

Many banks and mortgage lenders often offer borrowers lender credits to help pay for closing costs. Here we’ll discuss lender credits in...

read more

Find out if a GoodLife Home Loans reverse mortgage is right for you.