Where does 360 Mortgage Group do business?
360 Mortgage Group is based in Austin, TX. The company was founded in 2007 and offers reverse mortages in state in the USA.
What types of reverse mortgages does 360 Mortgage Group offer?
360 Mortgage Group allows borrowers to apply for the following types of reverse mortgage.
Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.
Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.
What fees does 360 Mortgage Group charge for a reverse mortgage?
360 Mortgage Group may charge a loan origination fee.