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American Bancshares Mortgage, LLC

in Reverse Mortgages

Unaffiliated Visit Site

American Bancshares Mortgage, LLC

Unaffiliated

in Reverse Mortgages

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Overview

Where does American Bancshares Mortgage, LLC do business?

American Bancshares Mortgage, LLC is based in Miami Lakes, FL. The company was founded in 1995 and offers reverse mortages in state in the USA.

What types of reverse mortgages does American Bancshares Mortgage, LLC offer?

American Bancshares Mortgage, LLC 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 American Bancshares Mortgage, LLC charge for a reverse mortgage?

American Bancshares Mortgage, LLC may charge a loan origination fee.

 

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Feature Breakdown

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

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