HighTechLending Reverse Mortgage Review

HighTechLending Reverse Mortgage is offered by HighTechLending, Inc, founded in 2006 and based in Irvine, CA. HighTechLending Reverse Mortgage is available in 13 states across the USA.

What types of reverse mortgages does HighTechLending Reverse Mortgage offer?

HighTechLending 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.

A line of credit. This is a more flexible option that allows borrowers to only borrow (and pay interest) on the amount they withdraw from their line of credit. In the case of reverse mortgages, the amount of cash available in your line of credit increases as time goes by.

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 is the estimated funding time for a home loan via HighTechLending Reverse Mortgage?

HighTechLending Reverse Mortgage will typically provide a credit approval decision in less than an hour and fund the loan within 30 and 45 days.

What fees does HighTechLending Reverse Mortgage charge for a reverse mortgage?

HighTechLending Reverse Mortgage may charge a loan origination fee of $2500 to $6000

What types of property can you use as security for a reverse mortgage with HighTechLending Reverse Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. HighTechLending Reverse Mortgage will consider lines of credit secured by the following property types:

• Primary home