Reverse home loan versus. house equity fund: What is the best bet to you personally? Credit and you will money criteria Reverse mortgage loans haven’t any money criteria, but you must provides a minimum credit score. At exactly the same time, if you take a property collateral mortgage or HELOC you prefer to have the

Of a lot participants as well fill in a separate application for the loan which have that loan payoff check The fresh new waiting months also solves a management problem. In this situation, new Tsp do not processes the application for the loan up to it processes and places the borrowed funds incentives consider, delays