Mortgage Refinance, Reverse Mortage, Home Loan

Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance

Search Somerset:

Learning Center

How Home Equity Works Consolidating Debt Home Equity Loan vs. Home Equity Line of Credit How Much Mortgage Can I Afford How to Apply for a Mortgage Reasons to Refinance Now How FHA Loans Work How Reverse Mortgages Work Why Choose an FHA Mortgage Mortgage Glossary View All Mortgage Articles

Mortgage Tools

Mortgage Payment Calculator How Much Can I Afford?Debt Ratio Calculator Refinance Savings Calculator Mortgage Comparison Calculator Second Loan vs PMI Calculator Mortgage Length Calculator Mortgage Principal Calculator View All Mortgage Calculators

Company

About Somerset Contact Us Driving Directions Licensed States Careers

Loan Programs

Apply Online View All Loan Programs

Stonington, CT Reverse Mortgage in Connecticut

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. Stonington, CT 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!

Return to reverse mortgage in the state of CT

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Stonington, Connecticut News
Amann pushes for V-notch funding State House Speaker James Amann is urging lawmakers to support spending $300,000 next year to maintain a program designed to boost the state's lobster industry.
Family Vacations: Stonington Borough Lighthouse "Family Vacations: Stonington Borough Lighthouse." 19 May 2007. HowStuffWorks.com. 20 November 2008.
Teenagers Empowered By Action There is a civics requirement for high school students in Connecticut. The intent is that teenagers understand the rights and responsibilities of being an American citizen and the need for participation in ...
Chucky's robbery under investigation Stonington police are investigating a robbery at Chucky's Sunoco gas station on Route 1 early this morning.
Second Lighthouse Inn Owner Charged The co-owner of the Lighthouse Inn was charged Friday with 14 counts of hindering an investigation and seven counts of failure to pay wages.
For vets: Parade, taps and doves Joe Marie held his hat and hand over his heart and stood proud. The 83-year-old World War II veteran stood on the sidewalk Saturday near the town's World War I monument and watched a brief ceremony during the ...

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.

Learn More

"...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.