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America's Choice Home Loans

in Reverse Mortgages

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America's Choice Home Loans

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.
'> Unaffiliated

in Reverse Mortgages

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Overview

Where does America's Choice Home Loans do business?

America's Choice Home Loans is based in Houston, TX. The company was founded in 1998 and offers reverse mortages in 3 states in the USA.

What types of reverse mortgages does America's Choice Home Loans offer?

America's Choice Home Loans 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 America's Choice Home Loans charge for a reverse mortgage?

America's Choice Home Loans may charge a loan origination fee.

What types of property can you use as security for a reverse mortgage with America's Choice Home Loans?

Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. America's Choice Home Loans will consider lines of credit secured by the following property types:

  • Primary home
  • Secondary homes and vacation properties

 

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Availability

Available in 3 states
  • Georgia
  • New Jersey
  • Texas

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Minimum Age
62
Reverse Mortgage Payment Options
  • Lump sum
  • Monthly disbursement
Reverse Mortgage Options
  • Standard

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