Somerset Investors Corp. 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

Newport, ME Reverse Mortgage in Maine

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.  Newport, ME 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 ME

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Newport, Maine News
Family Safe Following Fire

A fast moving fire caused a lot of damage to a Corinna home Tuesday... The call for help came in just after 6 o'clock. People living in the Newport home had reportedly started a fire in a woodstove, but somehow ...


Fire Destroys House in Corinna

Newport were able to contain the fire. Fire officials say the fire started from a wood stove in the house.


Reasons for the season

Reasons for the season "I think what got us through was Laurie and what she did...she went above and beyond," said Penny Townsend of Laurie Gardner who runs Kidsville Day Care in Newport where Townsend's ...


Holiday clears roads for Canadian truckers

Holiday clears roads for Canadian truckers Fred Maloney, a trucker for Hillmans, heads home from Newport to Sydney, Nova Scotia, on Thursday morning.


Ogunquit Town Column and#8212; Nov. 27

Ogunquit is working toward bringing the town to be the first green community in Maine.


House Members Gather to Nominate Leaders

Members of the House of Representatives gathered Thursday to elect leaders, with majority Democrats planning how to use their widened majority and Republicans discussing where to take a stand on taxes and new ...


Maine Firefighter Collapses, Dies

Fire officials are looking at a faulty furnace as a possible cause for a Monday morning fire that destroyed the Route 69 home of Madeline Wheeler and her two sons.


Santa's Helper Fund

Things are even less festive for families where jobs have been lost or chronic underemployment have made it difficult to pay the everyday bills.


Bangor, Maine Wvii Abc 7 and WFVX Fox 22

Gas prices are continuing to decline throughout the state, with one Maine town dropping gas below $3.00/gallon. Two stations in the town of Newport are selling gasoline for $2.99 a gallon, marking the first ...


The pricing game will take additional turns

The price of gasoline has fallen below $3 a gallon, but before you make a grab for your car keys, make sure you have enough gas to get there.


Windmill rules are in the works

Work is under way on a new land-use ordinance that would allow the construction of freestanding wind turbines in many zoning districts here.


Milo Hosts Yard Sale For Fire Victims

Milo residents hosted a yard sale Saturday to raise money for those who lost their homes and businesses in last weekend's fire.


Etna crash ties up traffic on I-95

Etna crash ties up traffic on I-95 N.B. travelers en route to races Seth Koran and Aaron Brown, both of Etna Fire and Rescue, were among the responders to an accident which occurred on the southbound lane of ...


Powwow attracts thousands

EAST NEWPORT, Maine - ' About 30 tribes were represented at the three-day North Country Inter-tribal Pow-Wow, and about 2,000 people attended Saturday, with 1,200 more through the gates by Sunday afternoon.


Sawdust ignites fire at Nokomis

NEWPORT, Maine - ' Discarded sawdust and solvents from the refinishing of the gymnasium floor sparked a fire Sunday morning that heavily damaged the northern exterior of the gym at Nokomis Regional High School.


Couple charged with animal cruelty

Couple charged with animal cruelty Dozens of dogs, cats, birds seized after concerned residents complain GARLAND, Maine - ' A man and woman have been summoned for animal cruelty after authorities seized 45 ...


Four Teenagers Arrested On Felony Charges

The teenage boys allegedly robbed one house in Corinna and one in Newport . Newport police were notified early last weekthat a house in Corinna had been burglarized.


Hermon: Seizure blamed for crashes

Investigating officer Sgt. Mike Burgess from the Penobscot County Sheriff's Dept.


Down the Road a Piece: Farming, a Way of Life for Those Hardier Guys and Gals

The other day I found a farm box truck in my bus parking place at Northeast Harbor.


Camden artist donates to Erickson Farm, government funds Rockland ferry improvements

"East Limestone Road" by Camden artist Antonia Munroe. Maine Farmland Trust and Maine Coast Heritage Trust/Aldermere Farm intend to maintain a working farm and provide education and opportunities in agriculture ...


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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
© 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)