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

Climax, NC Reverse Mortgage in North Carolina

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. Climax, NC 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 NC

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Climax, North Carolina News
Piece of history put to rest Pisgah Forest The big black logging locomotive that is one of the most popular stops along the Forest Festival Trail at the Cradle of Forestry in America was put to bed for the winter Saturday.
The Goat Lady Dairy Welcomes You Kids these days seem to know a lot about farms. They have read books about them and have even seen them on television.
Weather Photos And Rain Reports From Users And Viewers Our viewers and users of digtriad have submitted lots of pictures and rainfall totals.
Local blueberries ripe for the pickin' Hinson picks some blueberries from the healthy crop at Bryce Kepley's blueberry farm on Majolica Road.
Playground train draws auction interest This is the story of "The Little Engine That Could" - fetch interest from around the country and across the Atlantic Ocean.
Fire departments make pleas for funds Rising fuel costs are driving several fire departments in Randolph County to make pleas for an increase in fire tax district rates.

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

"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun