Features

Where does Reverse Mortgages.com, Inc do business?

Reverse Mortgages.com, Inc is based in Columbia, MO. The company was founded in 2014 and offers reverse mortages in state in the USA.

What types of reverse mortgages does Reverse Mortgages.com, Inc offer?

Reverse Mortgages.com, Inc 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.

A line of credit. This is a more flexible option that allows borrowers to only borrow (and pay interest) on the amount they withdraw from their line of credit. In the case of reverse mortgages, the amount of cash available in your line of credit increases as time goes by.

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 is the estimated funding time for a home loan via Reverse Mortgages.com, Inc?

Reverse Mortgages.com, Inc will typically provide a credit approval decision in less than an hour and fund the loan within 30 and 45 days.

What fees does Reverse Mortgages.com, Inc charge for a reverse mortgage?

Reverse Mortgages.com, Inc may charge a loan origination fee of $2500 to $6000

Borrowers can also expect a servicing fee of $25 to $35

  • Minimum Age
    62
  • Origination Fee ($)
    $2500 - $6000
  • Servicing Fee
    $25 - $35
  • Funding Time Range (in days)
    30 - 45
  • Reverse Mortgage Options
    • HECM for home purchase
    • Standard
  • Reverse Mortgage Payment Options
    • Line of credit
    • Lump sum
    • Monthly disbursement
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