What Are HELOC Mortgages?

Why A HECM is Better Than A HELOC

heloc mortgage

The Home Equity Line of Credit Lenders

If you have recently discovered that social security isn’t enough to pay your monthly expenses, you may find yourself in need of extra funds. One of the best ways to give yourself a monthly boost is through a HELOC mortgage. At South River Mortgage, we’re one of the best HELOC lenders simply because of our rates and experience. We’ve been helping people take out HELOC loans for years. Here’s what you need to know about our home equity line of credit lenders and HELOC loans.

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If You’re Unsure Whether To Get A HELOC or HECM, Contact Us

How Do HELOC Loans Work?

While our HELOC lenders can explain a HELOC mortgage to you, here’s a quick guide to HELOCs. Home equity line of credit lenders is a type of bank or credit union that gives you a mortgage, or line of credit, based on your home’s equity.

Your home’s equity is calculated based on your home’s value minus how much you still owe on the house. For seniors, you’ve likely paid off a lot of your mortgage. This makes a HELOC mortgage enticing because it means you have a lot of equity that you can borrow from.

home equity line of credit lenders

HELOC lenders can help you gain access to funds each month, or through a line of credit, by giving you a HELOC mortgage. This HELOC mortgage opens up a line of credit that you can use when you have an emergency.

Perhaps one of the best things about our HELOC mortgage services is that you don’t have to pay it back during your life either. A HELOC mortgage is typically paid off when you pass. Your estate pays it off in your stead by selling the house.

Why You Should Choose Our Home Equity Line of Credit Lenders

If our HELOC mortgage services seem interesting to you, then you must choose our home equity line of credit lenders over other services. This is because you can be sure that our home equity line of credit lenders are going to give you the best rates in the area. We always strive to give you the best rates when you access your funds.

You can also be sure that our brokers are experienced. We can help you make sense of your loan.

Contact Us Today

Start putting money in your wallet by giving our team a call today. South River Mortgage is ready to help.

Why South River Mortgage?

South River Mortgage is a leader in reverse mortgages in Los Angeles, California. South River Mortgage has an expert staff of loan advisors and always gives back to the community.

Proprietary Loan Programs

South River Mortgage has many proprietary loan programs that allow South River Mortgage to qualify many borrowers who would otherwise be ineligible or denied for a reverse mortgage loan. For this reason, South River Mortgage is a top rated reverse mortgage company

South River Mortgage Gives Back

We believe in giving back to the communities we operate in, and we believe in helping seniors. This is why South River Mortgage sponsors hundreds of AARP memberships annually and participates in company-wide volunteer days.

Expert Loan Advisors

All staff members treat clients as we would treat our own family members. Our expert loan advisors go through a thorough guided training program, complete continuing education annually, and are well-regarded as the experts in the field.

How a Reverse Mortgage Works

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Have questions about the reverse mortgage? Are you not sure if this is the right program for you? Speak with one of our trusted reverse mortgage advisors today

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