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.

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.