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

Farmington, MI Reverse Mortgage in Michigan

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.  Farmington, MI 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 MI

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Farmington, Michigan News
Shoppers set for Cyber Monday

So forget standing in line at daybreak like lots of folks did on Black Friday. Today it's Cyber Monday, when shoppers leisurely do their buying with a click of the mouse instead of leaving the house.


Farmington Hills man killed trying to save wife

Hong Kong native David Shu-Kin Kwok worked hard to provide a life for his wife and infant daughter in America.


'An excellent leader'

Farmington Public Safety Cmdr. Maria Putt remembers that it was the opportunity of a lifetime when she was recruited as a rookie in the Farmington Public Safety Department.


Woman pleads guilty to embezzling from Scouts

A Farmington Hills Cub Scout treasurer likely will have to perform community service after pleading guilty to stealing more than $7,000 from the pack.


Corey Bartsch named Hills fire chief

There's a new chief in town. Farmington Hills Fire Department Deputy Chief Corey Bartsch was named fire chief Monday night, replacing outgoing Chief Richard Marinucci.


Girls in metro Farmington get a power boost

Shreya Raman, 12, said she's learning that it's good to be a girl. And she's made several new friends, who talk about their favorite things -- like the popular "Twilight" series by Stephenie Meyer.


Two teens arrested in string of larcenies from cars

A good eye and even better cooperation led to the arrest of two teens who are suspected of stealing items out of cars in Farmington and Farmington Hills.


Progress, challenges of SMART bus system discussed

A couple of years have passed since Farmington Hills officials demanded better communication, efficient operations, improved routes and better customer service from the taxpayer-supported SMART bus system.


Farmington master plan up for public view

Making Farmington more redevelopment friendly is one of the goals of the master plan update this year.


Fund-raiser set for 4-year-old boy with cancer

It doesn't take much to make 4-year-old CJ Shaw smile. Even things that aren't so pleasant end with a smile for this little guy who has been fighting brain cancer for two years.


ABC Warehouse to relocate

ABC Warehouse is relocating from its former Farmington Hills location, just down the street, to a new spot in Farmington Hills.


Cities challenge new storm water permit

Farmington and Farmington Hills are among about 70 southeast Michigan communities contesting the requirements of a new federally mandated storm water permit.


Farmington school district studies building uses, reports possibilities

The landscape of instructional and administrative buildings in Farmington Public Schools may look different in within the next five years.


Pat Bolt honored for 40 years at Dubin Optometric

Pat Bolt always has a ready smile. That's how she is viewed by her boss, Dr. Daniel Vargovick of Dubin Optometric Clinic.


Farmington Hills police calls

The following is a sample of incidents handled recently by the Farmington Hills Police Department.


House fire remains under investigation

Several people made it out, unharmed, from a house fire in the early morning hours Friday at the corner of Shiawassee and Cora in Farmington Hills.


Farmington DDA plans to revamp Founders Festival

In an effort to grow the annual Farmington Founders Festival, the Farmington Downtown Development Authority is considering ways to split it up.


Harrison marchers make top 10 in new State Finals flight

Musical, marching mastery was the name of the game Saturday as the 40 top high school marching bands in the state strutted their stuff at Ford Field at the 29th Annual Michigan Competing Band Association ...


Threat prompts elementary school evacuation

That's why Lanigan Elementary School was evacuated on Wednesday, Nov. 4 after a bomb threat was found in one of the bathrooms at the school located on Tuck Road in Farmington Hills.


Clifford the Big Red Dog new president - at Beechview

By popular vote, Clifford The Big Red Dog, was elected president of the Beechview Elementary School Media Center.


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)