In over 30 years of helping people with financial matters, I have encountered nothing that even resembles the advantages of the growing, guaranteed, tax free line of credit. The article I share with you today provides some basics but there is much more to know about this remarkable tool. The differences between this HECM line of credit and the traditional HELOC (Home Equity Line of Credit) are an amazing advantage for seniors who want peace of mind. There are no payments required, the line can never be reduced, called or reset (all very real dangers with HELOCS) and no matter what happens to the home value, 100% of the growing funds are available. An outline of the concept can be seen here.