Reverse Mortgage vs. HELOC: Understanding the Differences

A home equity line of credit (HELOC) and a reverse mortgage both let you borrow against your home, but they work differently.

A HELOC generally requires regular interest payments and income-based qualification. A reverse mortgage generally does not require regular payments, but interest accumulates over time.

Which is more suitable depends on your income, plans, and how long you intend to stay in your home. [Example article — content pending review.]