tune in and learn more at <a href='https://www.ddamortgage.com/blog'>https://www.ddamortgage.com/blog</a> So, the bottom line is that the line of credit reverse mortgage shares some of the features of the HELOC. It is a line of credit that borrowers can use to borrow against the equity in their home and they only accrue interest on the funds they borrow. Unlike a HELOC, there are no payments due, the loan can never be closed by the lender because they made the arbitrary decision to stop making a line of credit loans (borrowers do have to occupy the home, pay taxes and insurance on time and maintain the house in a reasonable manner) and the amount available to borrowers grows over time based on a growth rate of the unused portion of the line. Didier Malagies nmls#212566 DDA Mortgage nmls#324329 #mortgage #reversemortgage <a rel="payment" href="http://www.ddamortgage.com/blog">Support the Show.</a>

rates are coming down, houses are beginning to stay on the market

Didier Malagies is a leader in the Tampa Bay Mortgage industry, serving Pinellas, Pasco, Hillsborough counties, and beyond with his sights set on educating residential and commercial buyers regarding Florida purchases. With over 20 years of expertise, Didier has built relationships with realtors, bankers, and clients based on integrity and his drive to provide the best customer experience in the state by being there from beginning to end of every purchase.Whether you're looking to move, invest, start a business or expand, Didier will share everything you need to know on his show every week.Didier Malagies nmls#212566/DDA Mortgage nmls#324329