21 Mar INCREASED LINE-OF-CREDIT
We closed our client’s original HECM two years prior. Due to unforeseen family expenses, the borrower had nearly exhausted her line-of-credit. So that the client would once again have the security of having a line-of-credit she could lean on in difficult times, because of home appreciation and increased FHA county loan limits, we were able to refinance her into a new HECM that provided an ample line-of-credit.