Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

NY Reverse Mortgage in New York

If you’re a homeowner 62 years or older, consider the tax-free income benefits of a Reverse Mortgage.  Unlike a regular mortgage, with reverse mortgages the lender makes payments to you.  NY residents can choose to receive the money from a reverse mortgage in fixed monthly payments, a line of credit, or in a lump sum.  More than 55% of borrowers choose the line of credit, which allows you to draw from the loan at any time.

 

The amount of your reverse mortgage is determined primarily by your age and appraised home value.  To find out just how much you can get, speak to one of our Reverse Mortgage Specialists today!

Local bad credit reverse mortgage directory for NY :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accord Allegany Andover Ashland
Acra Allentown Angelica Ashville
Adams Alma Angola Astoria
Adams Basin Almond Annandale on Hudson Athens
Adams Center Alpine Antwerp Athol
Addison Alplaus Apalachin Athol Springs
Adirondack Altamont Appleton Atlanta
Afton Altmar Apulia Station Atlantic Beach
Akron Alton Aquebogue Attica
Albany Altona Arcade Au Sable Forks
Albertson Amagansett Arden Auburn
Albion Amawalk Ardsley Auriesville
Alcove Amenia Ardsley on Hudson Aurora
Alden Amityville Argyle Austerlitz
Alder Creek Amsterdam Arkport Ava
Alexander Ancram Arkville Averill Park
Alexandria Bay Ancramdale Armonk Avoca
Alfred Andes Arverne Avon
Alfred Station

Return to our bad credit reverse mortgage page

Bad Credit? We can help!

Call for COMPLETE details NOW!

(800) 675-9783

New York News
PSC: NYRI power line application ready for review

State regulators say New York Regional Interconnect's power line application is complete and they are now reviewing it.


Low-cost airline Zoom suspends operations and cancels all flights

Low-fare transatlantic airline Zoom tonight suspended all operations and cancelled all flights after running into financial difficulties.


Oil breaks $120 a barrel as storm strengthens

Oil prices shot higher for the fourth straight day, breaking through $120 per barrel as Tropical Storm Gustav headed for the Gulf of Mexico and strengthened as it bore down on the vast U.S. energy ...


Fewer drivers on Thruway; gas prices, sluggish economic cited

ALBANY - High gas prices and a sluggish economy led to nearly 2 million fewer cars and trucks on the New York State Thruway in June and July compared to the same period in 2007, state records show.


Soros behind Mass. effort to decriminalize pot

A measure that would decriminalize minor marijuana-possession cases is on the ballot in Massachusetts largely because of one man: billionaire financier and liberal activist George Soros.


HIV spreads in NY at three times the US average

New Yorkers are contracting HIV at three times the national rate, the city health department has said, attributing the difference to New York's large population of high-risk groups such as gay men and blacks.


Clintons remain a focus in Denver

This is not the convention the Clintons had planned. New York Sen. Hillary Rodham Clinton is playing a supporting role, not the starring one.


Fall theater in NYC: Shrek sings; Radcliffe strips

This file photo originally supplied by Peter Thompson Associates, shows Daniel Radcliffe in 'Equus,' in London.


Oil prices higher on Hurricane Gustav

World oil prices rose in Asian trade Wednesday, underpinned by concerns Hurricane Gustav may head for the Gulf of Mexico where key US energy installations are located.


Gustav hits Haiti, drives up oil prices

Hurricane Gustav caused a killer landslide and dumped torrential rains on southern Haiti before weakening to a tropical storm late Tuesday.


Jet set to link B'lore with NY, Toronto

Jet set to link B'lore with NY, Toronto The airline will connect to these places via its European hub, Brussels, from Oct 31 By Bangalore Mirror Bureau Posted On Monday, August 25, 2008 Jet Airways, India's ...


Cornell testers name Stewart's milk best in state

Cornell University's Department of Food Science has selected Stewart's Shops of Saratoga Springs as the dairy processor with the highest-quality milk in New York state for 2008.


Texting In Real Words

William Glass, 14, sends text messages like a middle-aged, technology-clueless English teacher.


EPA faces suit over emissions from oil refineries

New York Attorney General Andrew M. Cuomo said the lawsuit, filed Monday, asserts that the EPA violated the Clean Air Act by not issuing standards for controlling global-warming pollution from new or renovated ...


Oil in Asia tops $115 on tropical storm concern

Oil prices in Asia rose slightly Tuesday to above $115 a barrel on concerns that Tropical Storm Gustav may strengthen and disrupt oil operations in the Gulf of Mexico.


Clinton, Obama working out deal for roll call vote

Hillary Rodham Clinton and Barack Obama worked out a convention city deal to limit the divisive roll call for president, a step toward an uneasy alliance of former rivals and their still-bitter supporters.

Many Clinton backers said Monday they were not interested in compromise and wanted a prime-time celebration of Clinton's nomination fight. Clinton herself said she wouldn't tell her backers how to vote.

Democratic officials involved in the negotiations said the deal would let a few states cast votes for Clinton before a move to declare Obama the nominee by acclimation.


New York delegates make their way to Denver

The more than 280 members of the New York Delegation joined the tens of thousands of people descending on the City of Denver Sunday.


Alan Fein: On The Amtrak To Wilmington With Joe Biden

One of the things we've been told about Joe Biden lately is that he takes the Amtrak home to Wilmington at the end of the day.


Robert Caro speaks of the LBJ centennial

NEW YORK - As the centennial of Lyndon Johnson's birth approaches, historian Robert A. Caro would like to think of his longtime subject at his happiest and most fulfilled: Not when Johnson was president, in ...


J Brand Brings a Little New York to London's Topshop

The very best of America's premium denim meets the vibrancy of UK's constantly changing fashion scene -- The result: J Brand for Topshop.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)