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Jersey Mortgage Company

in Reverse Mortgages

Unaffiliated Visit Site

Jersey Mortgage Company

Unaffiliated

in Reverse Mortgages

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Overview

Where does Jersey Mortgage Company do business?

Jersey Mortgage Company is based in Cranford, NJ. The company was founded in 1938 and offers reverse mortages in 5 states in the USA.

What types of reverse mortgages does Jersey Mortgage Company offer?

Jersey Mortgage Company 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 Jersey Mortgage Company charge for a reverse mortgage?

Jersey Mortgage Company may charge a loan origination fee.

 

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Availability

Available in 5 States
  • Connecticut
  • Florida
  • New Jersey
  • New York
  • Pennsylvania

Feature Breakdown

Minimum Age
62
Funding Time Range (in days)
Up to
28
Reverse Mortgage Options
  • Standard
Reverse Mortgage Payment Options
  • Monthly disbursement

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