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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Foster City, 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. Foster City, 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
| Foster City, Michigan News |
Foster City crash injures one
A Dickinson County man had to be airlifted to St. Vincent Hospital in Green Bay for injuries sustained in a rollover accident.
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Fatal accident victim identified
State Police have released the name of a Dickinson County woman killed in a traffic crash Friday night.
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Video Glyph
Plans are set for the 18th annual Tour Da U.P. bike event. The five day ride is a fundraiser put on by Teaching Family Homes to benefit abused and neglected children.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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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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