University of Illinois

Financial Planners: Chase’s HELOC Pause Could Give Reverse Mortgages an Advantage HW+

Last week, JPMorgan Chase announced that it has temporarily halted acceptance of applications for home equity lines of credit (HELOCs) due to the ongoing economic effects of the COVID-19 coronavirus pandemic, specifically the combined impacts of rising rates of unemployment and initial projections that home prices could fall. The exit of a major financial institution […]