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  Summit Funding Reverse Mortgage

Summit Funding Reverse Mortgage

in Reverse Mortgages from Summit Funding

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Summit Funding Reverse Mortgage

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in Reverse Mortgages from Summit Funding

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Summit Funding Reverse Mortgage Review

Where does Summit Funding Reverse Mortgage do business?

Summit Funding Reverse Mortgage is based in Sacramento, CA. The company was founded in 1995 and offers reverse mortages in 4 states in the USA.

What types of reverse mortgages does Summit Funding Reverse Mortgage offer?

Summit Funding 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.

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 Summit Funding Reverse Mortgage charge for a reverse mortgage?

Summit Funding Reverse Mortgage may charge a loan origination fee.

 

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Other Services by Summit Funding

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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 4 states
  • Arizona
  • California
  • Georgia
  • Illinois

Feature Breakdown

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

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