Can i switch to a line of credit on my reverse mortgage without a refinance?

Your best source for answers to these questions is to your existing lender.. it doesn't matter what FHA will allow, what matters is if your current lender will agree to FHA guidelines, or do they have their own "Overlay's" that prevent switching the terms of a HECM after the loan has funded.. to be honest, I don't really know the answer to your question, since I don't do a lot of Reverse Mortgages.. But on the surface, it's highly unlikely you will be able to change the terms of your pay out with just a phone call.. My guess is you will have to refinance if you want to change your payment type, but again I'm not the expert here.. It's best you call your existing mortgage company and ask them.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Good advice from William, call your current lender - if you get differing answers from different people and want to move forward get the process started but be prepared to be told no. Nothing is generally final until the paperwork is completed and approval given.