Kwik Mortgage Reverse Mortgage Review

Kwik Mortgage Reverse Mortgage is offered by Kwik Mortgage Corporation (NMLS #138075), a direct lender founded in 1998 and based in S Plainfield, NJ. Kwik Mortgage Reverse Mortgage is available in 22 states across the USA.

What types of reverse mortgages does Kwik Mortgage Reverse Mortgage offer?

Kwik Mortgage 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 Kwik Mortgage Reverse Mortgage charge for a reverse mortgage?

Kwik Mortgage Reverse Mortgage may charge a loan origination fee.

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

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

• Primary home