Reverse Mortgage

HECM and HELOC

A HECM Line of Credit Can Be a Better Retirement Solution Than a HELOC (compare the two charts)

Home Equity Line Of Credit (HELOC)

Most homeowners are aware of the benefits and downsides of a home equity line of credit
(HELOC). Though only available to those over the age of 62, a HECM Line of Credit can offer
greater advantages. Compare the two charts.

HECM Line Of Credit
Reverse Loans Resources

Our intuitive homebuying calculators are designed to assist you in estimating your purchasing power, projected monthly payments, and other crucial financial considerations.

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Shining Star Funding

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For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.
Interactive calculators are self-help tools. Results received from this calculator are designed for comparative and illustrative purposes only, and accuracy is not guaranteed. Shining Star Funding is not responsible for any errors, omissions, or misrepresentations. This calculator does not have the ability to pre-qualify you for any loan program or promotion. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. Shining Star Funding does not guarantee any of the information obtained by this calculator.

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CMG Mortgage, Inc. dba Shining Star Funding, NMLS ID# 1820 (www.nmlsconsumeraccess.org, www.cmghomeloans.com), Equal Housing Opportunity. Licensed by the Department of Financial Protection and Innovation (DFPI) under the California Residential Mortgage Lending Act No. 4150025. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing