
American Pacific Reverse Mortgage
Would you recommend American Pacific Reverse Mortgage to your friends?
Community Rating |
Rating not yet determined |
Loan Amount | Up to $625,500 |
Margin Rate | N/A |
Origination Fee ($) | N/A |
American Pacific Reverse Mortgage Review
American Pacific Reverse Mortgage is offered by American Pacific Mortgage (NMLS #1850), a direct lender founded in 1996 and based in Roseville, CA. American Pacific Reverse Mortgage are available in 6 states across the USA.
American Pacific Reverse Mortgage FAQ
What types of reverse mortgages does American Pacific Reverse Mortgage offer?
American Pacific 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.
How much can you borrow with a reverse mortgage?
Reverse mortgages are a type of mortgage that makes it possible for older homeowners to borrow money by using the value of their home as security.
The maximum loan amount with this lender is $625,500. Note that the maximum loan amount you can borrow will vary depending on the value of the property, your age, how much you owe on it, and your creditworthiness.
What fees does American Pacific Reverse Mortgage charge for a reverse mortgage?
American Pacific Reverse Mortgage may charge a loan origination fee.
There is also a one-time counseling fee of $125 to consider.
What types of property can you use as security for a reverse mortgage with American Pacific Reverse Mortgage?
Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. American Pacific Reverse Mortgage will consider lines of credit secured by the following property types:
- Primary home
Contact
- Headquarters
-
3000 Lava Ridge Court,
Suite 200
Roseville, CA 95661 USA - (916) 960-1325
- Visit Site
- Email Support
Other Services by American Pacific Mortgage
Availability
- Arizona
- California
- Florida
- Oregon
- Texas
- Washington
American Pacific Reverse Mortgage Community Reviews
Would you recommend American Pacific Reverse Mortgage to your friends?
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