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Reverse Mortgage

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.You 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!

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Delaware News
Littering on the rise in Delaware

In the Lone Star State, they have "Don't Mess with Texas." In Pennsylvania, they have "The Litterbug." But in Delaware, a statewide littering awareness campaign doesn't exist, and some say that's why many people continue to trash the First State.


DELAWARE: Family of suicidal inmate awarded $850K

A federal judge in Wilmington has awarded $850,000 to the family of a Delaware prison inmate who hanged himself in 2004.


Delaware wins national awards

Kevin Cancannon, undersecretary for Food, Nutrition and Consumer Services in the U.S. Department of Agriculture, recently presented awards to state officials recognizing Delawarea s proficiency in processing applications for SNAP, the Supplemental Nutrition Assistance Program.


Delaware Lawmaker Takes Part in Monitoring of Iraq Elections

A Delaware lawmaker taking part in the monitoring of Iraq's election says frequent bomb blasts appeared to do little to discourage the Iraqi people from turning out at the polls.


Delaware prepares mosquito defenses

SELBYVILLE -- Nearly 100 years ago, bullfrogs were used to control 'plagues of sand flies and mosquitoes' that often drove visitors from Delaware's beach towns.


DELAWARE: Del. woman charged with raping teen in church choir

Police have charged a Newark woman with raping a boy who was a member of her church youth choir.


Failure To Adopt Health Reform Will Lead To Hundreds Of Delawarean Deaths.

A "Families USA" report s shows failure to enact the plan will lead, in the next decade, to approximately 700 premature deaths in the First State.


New lawsuits in child sex abuse case names 3 doctors, Medical Society

Lawyers who have filed 17 lawsuits against Dr. Earl. B. Bradley and Beebe Medical Center on behalf of abused children have added new defendants: the Medical Society of Delaware and three physicians -- all accused of knowing Bradley, a pediatrician accused of molesting patients, posed a threat for years but failing to report him to authorities.


The IRS Has Millions Waiting For Delawareans To Claim.

If you still haven't filed your taxes for 2006,nearly 52-hundred Delawareans haven't, you better do so by April 15th.


DELAWARE: Man pleads not guilty to slaying baby's mom

The man accused of killing his mistress in New Jersey and abandoning their 20-month-old daughter at a Delaware gas station last week pleaded not guilty Monday to murder, kidnapping and other charges.


Delaware inmate found dead in his cell

Thirty-five year old Damian Filkins was found dead in his cell at the Howard Young Prison in Wilmington Saturday night.


Former head of Archives wants to represent Milford

Former Delaware Public Archives head Russ McCabe filed Wednesday to run for the seat being left vacant by Rep.


Home Invasion Robbery.

Newark Police are investigating a Thursday morning robbery. Three University of Delaware students were held up in their Main Street apartment around 7:15 p.m. The victims told police two armed, masked men got into the apartment through an unlocked door.


Delmarva Power prepares for more potential outages

As the fourth major winter storm barrels into the area, Delmarva Power has extra personnel on hand to handle any power outages.


DELAWARE: Man accused in beating of pregnant teen

Members of a street gang called "GLC" kidnapped a pregnant 19-year-old in December 2008 and took her to a Newark apartment where they punched her in the face and kicked her in the stomach, put out cigarettes on her face and held a knife to her throat while telling her she was going to die, according to prosecutors.


DELAWARE: As snow begins, DelDOT warns drivers: 'Plan for the worst'

As light snow began to fall across Delaware this morning, warmer temperatures over the past several days kept the roads from becoming covered.


Delaware crime: Dr. Earl Bradley sex case ignites outrage

This monster does not deserve to have a trial at the tax payers expense. Filming himself violating these kids shows that this animal needs to be put down immediately.


DELAWARE: Markell shows support for slavery apology

DOVER -- Gov. Jack Markell on Tuesday embraced a call for the Delaware General Assembly to apologize for the state's role in slavery.


A New Statewide Plan To Help Delawareans With Their Taxes Is Unveiled.

A new statewide Earned Income Tax Credit Collaboration was unveiled Tuesday morning.


Delaware's Congressional Delegation Announces New Federal Funding.

Nearly $200,000 in gramnt money will be used to rehabilitate the historic Josephine Bakhita House this spring.


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"...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.
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