HELOCs supply mortgage restrictions, which happen to be usually based on the borrower’s credit rating, earnings, and home guarantee 4. Possessions Style of: Both opposite mortgage loans and you can HELOCs are usually only available getting no. 1 houses. However, contrary mortgages could be readily available for certain types of money properties, eg duplexes otherwise triplexes. 5. Mortgage Constraints: Contrary mortgage loans provides a maximum financing limitation, which may differ in line with the borrower’s years, house value, and you will rates.