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Allegany, NY Reverse Mortgage in New York

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.  Allegany, NY 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!

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Allegany, New York News
Amish families told to substantiate claims on sewer systems

Two Amish families who have appealed Cattaraugus County Board of Health orders in August to install small sewage systems must now document their church regulations and substantiate their claims that the systems ...


Driver indicted in wife's death

A Cattaraugus County grand jury on Thursday reported six open indictments, including the case of a Bradford, Pa., man charged with vehicular manslaughter in the death of his wife.


More international flavor at Taste of Olean this year

Admission to Sunday's Taste of Olean and Art in the Park festival at the Cattaraugus County Campus of Jamestown Community College is free.


Genealogy Query - WRIGHT

Looking for parents of Issac Wright,born about 1806 in Connecticut and died in 1893 in Allegany, NY.


Allegany couple charged with welfare fraud

An Allegany married couple has been charged with welfare fraud for allegedly obtaining $3,126 fraudulently from the Department of Social Services, the Cattaraugus County Sheriff's Office reported today.


County has a comfy money cushion

Cattaraugus County's surplus climbed to more than $22.2 million in 2007, an increase of just over $2 million, county lawmakers learned Wednesday.


Construction workers on Buffalo Creek Casino site busy shutting it down

Those passing by the Seneca Buffalo Creek Casino might wonder what all the fuss was about Wednesday when Seneca Gaming Corp.


New display features veterans of WWII

Cattaraugus County's World War II veterans are being featured in a new display in the Cattaraugus County Historical Museum and Research Center.


Indian casinos expand in 2007

New York's tribally owned casinos continued to expand during 2007, resulting in more revenue for both the state and the three Indian nations that operate gambling facilities.


Old-time rides are a bicentennial hit

Crowds lined city streets Wednesday as they have across Cattaraugus County to welcome the county's Bicentennial Wagon Train and Stage Coach Run.


Bicentennial Wagon Train on a roll

A large crowd is anticipated here today for the arrival of Cattaraugus County's Bicentennial Wagon Train and Stagecoach Run on the 12th day of its 180-mile tour of the county.


Bridge to reopen in time for festivities

Cattaraugus County's Bicentennial Wagon Train and Stagecoach Run will pull into the city Wednesday, passing through a replicated 1908 Centennial Arch and just in time for the reopening of the Route 353 bridge ...


Grand jury to hear case against teen accused in stabbing

Evidence will be heard by a Cattaraugus Grand Jury in the case against a 17-year-old accused of stabbing a 41-year-old man at a local hotel.


Senecas may slow expansion of casinos

The Seneca Gaming Corp. is hinting at a slowdown in its fast-paced expansion efforts, despite a nearly 10 percent rise in its third-quarter net income.


Senecas pay state casino share

The state of New York will soon be receiving some mail from the Seneca Nation of Indians in the form of a $57.3 million check.


Firefighter ice rescue team honored for saving man

A firefighter ice rescue team from Farmersville and Franklinville is receiving the annual award of Firefighter of Year from the Southwestern Association of Volunteer Firemen today.


Kathleen Karl looking forward to 75th school reunion

One of Kathleen Karl's last memories about high school was 33 seniors putting on arm bands and walking around Allegany to celebrate the last day of school in June of 1933.


100th fire convention begins in Olean

WESTON'S MILLS - The first of an estimated 1,500 volunteer firefighters, families and friends descended on Weston's Mills Wednesday for the first day of the 100th anniversary convention of the Southwestern ...


The make or break hobby

Darrell Gronemeier/Olean Times Herald Slot machines like the ones shown here at the Seneca-Allegany Casino are all the more luring thanks to the casino's proximity in the Twin Tiers.


Eaton challenging Giglio

At age 53, Patrick Eaton is looking for a new challenge. A businessman and Allegany town supervisor for the past five years, Mr.


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