See What Voluntary HECM Payments Can Do
What’s unusual here is the line-of-credit growth potential. Voluntary payments can reduce the loan balance while restoring borrowing capacity, and that restored capacity may continue to grow over time. That can work in two directions: a lower loan balance can reduce future interest accrual, while a larger available line of credit has more room to grow. The app also shows your break-even payment, about the monthly amount needed to keep today’s loan balance from growing.
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