Reverse Mortgage Daily interviewed Christine recently to get her thoughts on current market issues around HELOC availability and how Reverse Mortgages can play a role.
"Some pre-existing HELOC customers are turning to a reverse mortgage since access to the line of credit could be put in jeopardy by current economic conditions, according to reverse mortgage loan officers who spoke with RMD in May.
“I just spoke to a financial advisor about this,” says Christine Jensen, a branch manager with Fairway Independent Mortgage Corp. in Arvada, Colo. at the time. “He’s concerned that his client could lose access to her line of credit when she needs it the most. He told me that it’s never been more urgent for his clients to have access to this product.”"