Intelliloan Reverse Mortgages
in Reverse Mortgages from IntelliloanUnaffiliated
|Origination Fee ($)||N/A|
Intelliloan Reverse Mortgages Review
Intelliloan Reverse Mortgages is offered by Intelliloan (NMLS #3290), a direct lender founded in 1993 and based in Costa Mesa, CA. Intelliloan Reverse Mortgages is available in 31 states (and Washington, DC).
What types of reverse mortgages does Intelliloan Reverse Mortgages offer?
Intelliloan Reverse Mortgages 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 Intelliloan Reverse Mortgages charge for a reverse mortgage?
Intelliloan Reverse Mortgages may charge a loan origination fee.
What types of property can you use as security for a reverse mortgage with Intelliloan Reverse Mortgages?
Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. Intelliloan Reverse Mortgages will consider lines of credit secured by the following property types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- New Jersey
- New Mexico
- Rhode Island
- South Carolina
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Reverse Mortgage Options||Standard|
|Reverse Mortgage Payment Options||
|Interest Rate Types Offered||
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