4. Possessions Types of: Each other contrary mortgages and you can HELOCs are generally limited to possess number 1 houses. Although not, contrary mortgages could be readily available for certain types of funding attributes, including duplexes or triplexes.

5. Financing Limitations: Opposite mortgage loans have a max mortgage limit, and that varies in line with the borrower’s age, household value, and you will rates of interest. Read More >