Block Financial Resources is based in New York, NY. The company was founded in 2008 and offers reverse mortages in 2 states in the USA.
Block Financial Resources 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.
Block Financial Resources may charge a loan origination fee.
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