| Feature | Reverse Mortgage | HELOC |
|---|---|---|
| Monthly Payments | None required | Interest-only (draw), then P&I |
| Age Requirement | 62+ | 18+ |
| Income/DTI | Financial assessment (no DTI) | Standard DTI ≤ 43% |
| Rate | Variable or fixed | Variable |
| Best For | Seniors who want no monthly payments | Seniors who can make monthly payments and want lower costs |