SuperMoney
Explore
Compare Rates

Compare All Reverse Mortgages

Filter & compare all your options in one place.

View All Reverse Mortgages
x No thanks, not right now
Advertiser Disclosure
  American Bancshares Reverse Mortgage

American Bancshares Reverse Mortgage

in Reverse Mortgages from American Bancshares Mortgage, LLC · NMLS ID #217378

Unaffiliated

American Bancshares Reverse Mortgage

Unaffiliated

in Reverse Mortgages from American Bancshares Mortgage, LLC · NMLS ID #217378

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend American Bancshares Reverse Mortgage to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Change my vote
Highlights
Highlights
Loan Amount N/A
Margin Rate N/A
Origination Fee ($) N/A

American Bancshares Reverse Mortgage Review

American Bancshares Reverse Mortgage is offered by American Bancshares Mortgage, LLC (NMLS #217378), a direct lender founded in 1995 and based in Miami Lakes, FL. American Bancshares Reverse Mortgage is available in state across the USA.

American Bancshares Reverse Mortgage FAQ

What types of reverse mortgages does American Bancshares Reverse Mortgage offer?

American Bancshares 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 American Bancshares Reverse Mortgage charge for a reverse mortgage?

American Bancshares Reverse Mortgage may charge a loan origination fee.

 

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Other Services by American Bancshares Mortgage, LLC

Icon for Mortgage Mortgage

Home Purchase Mortgages

Be the first to rate
Icon for Refinance Refinance

Mortgage Refinance

Be the first to rate

Feature Breakdown

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

Be the first to rate

 

Would you recommend American Bancshares Reverse Mortgage to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

0%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Other Reverse Mortgages

American Advisors Group Reverse Mortgage
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

3 Reviews

Veritas Funding Reverse Mortgage
Be the first to review
Land Home Financial Reverse Mortgage
Be the first to review
View All
Browse Reverse Mortgages
SuperMoney
Goals
Expert Guides
Partner with us
SuperMoney
Goals
Expert Guides
Partner with us
Go to homepage

Copyright 2020 SuperMoney, LLC. All rights reserved.

NMLS Consumer Access ID #1520999

SuperMoney Advertiser Disclosure

*SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us. SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.

We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

† To check the rates and terms you qualify for, one or more soft credit pulls will be done by SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.