|Origination Fee ($)||N/A|
Where does Broker House Lending do business?
Broker House Lending is based in Louisville, KY. The company was founded in 2011 and offers reverse mortages in 2 states in the USA.
What types of reverse mortgages does Broker House Lending offer?
Broker House Lending 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 Broker House Lending charge for a reverse mortgage?
Broker House Lending may charge a loan origination fee.