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  Jersey Mortgage Company Reverse Mortgage

Jersey Mortgage Company Reverse Mortgage

in Reverse Mortgages from Jersey Mortgage Company · NMLS ID #2761

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Jersey Mortgage Company Reverse Mortgage

Unaffiliated

in Reverse Mortgages from Jersey Mortgage Company · NMLS ID #2761

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Jersey Mortgage Company Reverse Mortgage Review

Jersey Mortgage Company Reverse Mortgage is offered by Jersey Mortgage Company (NMLS #2761), a direct lender founded in 1938 and based in Cranford, NJ. Jersey Mortgage Company Reverse Mortgage is available in 5 states across the USA.

What types of reverse mortgages does Jersey Mortgage Company Reverse Mortgage offer?

Jersey Mortgage Company 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.

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 Reverse Mortgage charge for a reverse mortgage?

Jersey Mortgage Company Reverse Mortgage may charge a loan origination fee.

 

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Other Services by Jersey Mortgage Company

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Availability

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

Feature Breakdown

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

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