Paul & Nina knew their homes value had increased significantly.  They wondered if they would have a higher line of credit for emergencies with a refinance of their reverse mortgage refinance.  They wouldn’t think of calling anyone else than Kim for their next loan.  Paul & Nina did their first Home Equity Conversion Mortgage (Reverse Mortgage) with Kim.  When looking at options, they wouldn’t think of calling anyone else.  They received some flyers that made them think there was potential for a higher line of credit for emergencies than with their current HECM.  After estimating their current home value, the estimated increase in line of credit was almost $50,000, well worth considering. Do you have a reverse mortgage now and a significant increase in your home value? The Financial Challenge: The need for additional line of credit wasn’t for any [...]