HELOCs have loan limitations, being usually in accordance with the borrower’s credit history, income, and domestic security 4. Assets Style of: One another contrary mortgage loans and you may HELOCs are typically only available getting top houses. However, opposite mortgage loans can be designed for certain types of financial support attributes, such as duplexes otherwise triplexes. 5. Financing Constraints: Opposite mortgages features a maximum financing restrict, which may differ based on the borrower’s age, family value, and you will interest […]