Opes Advisors Reverse Mortgage

Opes Advisors Reverse Mortgage Review

Opes Advisors Reverse Mortgage is offered by Opes Advisors Mortgage Services (NMLS #417490), a direct lender founded in 2004 and based in Cupertino, CA. Opes Advisors Reverse Mortgage are available in 50 states (and Washington, DC).

Opes Advisors Reverse Mortgage FAQ

What types of reverse mortgages does Opes Advisors Reverse Mortgage offer?

Opes Advisors 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 Opes Advisors Reverse Mortgage charge for a reverse mortgage?

Opes Advisors Reverse Mortgage may charge a loan origination fee.

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

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

• Primary home