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Skyline Home Loans

in Reverse Mortgages

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Skyline Home Loans

Unaffiliated

in Reverse Mortgages

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Overview

Where does Skyline Home Loans do business?

Skyline Home Loans is based in Calabasas, CA. The company was founded in 1985 and offers reverse mortages in 26 states in the USA.

What types of reverse mortgages does Skyline Home Loans offer?

Skyline Home Loans 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 fees does Skyline Home Loans charge for a reverse mortgage?

Skyline Home Loans may charge a loan origination fee.

 

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Contact

Other Services by Skyline Home Loans

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 26 states
  • Arizona
  • California
  • Colorado
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Maryland
  • Michigan
  • Minnesota
  • Nebraska
  • New Jersey
  • New Mexico
  • North Carolina
  • Ohio
  • Oregon
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington

Feature Breakdown

Minimum Age
62
Reverse Mortgage Payment Options
  • Line of credit
  • Lump sum
  • Monthly disbursement
Reverse Mortgage Options
  • HECM for home purchase
  • Standard

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