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  AMEC Home Loans Reverse Mortgage

AMEC Home Loans Reverse Mortgage

in Reverse Mortgages from AMEC Home Loans · NMLS ID #150953

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AMEC Home Loans Reverse Mortgage

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in Reverse Mortgages from AMEC Home Loans · NMLS ID #150953

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AMEC Home Loans Reverse Mortgage Review

AMEC Home Loans Reverse Mortgage is offered by AMEC Home Loans (NMLS #150953), a direct lender founded in 2007 and based in Edina, MN. AMEC Home Loans Reverse Mortgage is available in 17 states across the USA.

What types of reverse mortgages does AMEC Home Loans Reverse Mortgage offer?

AMEC Home Loans Reverse Mortgage 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 AMEC Home Loans Reverse Mortgage charge for a reverse mortgage?

AMEC Home Loans Reverse Mortgage may charge a loan origination fee.

 

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Availability

  Available in 17 states
  • Arizona
  • California
  • Colorado
  • Florida
  • Illinois
  • Indiana
  • Iowa
  • Michigan
  • Minnesota
  • New Mexico
  • North Dakota
  • Oklahoma
  • South Dakota
  • Texas
  • Utah
  • Virginia
  • Wisconsin

Feature Breakdown

Minimum Age 62
Reverse Mortgage Options Standard
Reverse Mortgage Payment Options
  • Lump sum
  • Monthly disbursement

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