Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Purchase Refinance Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement
Search Somerset:
Print this page    E-mail this page

Call Now

(800) 675-9783

Reverse Mortgage

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.You 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 NY

Call for COMPLETE details NOW!

(800) 675-9783

Babylon, New York News
Milburn Flooring Mills worked at school before fire

The company working on the gymnasium floor of the West Babylon elementary school destroyed by fire last month has been identified in public records as Milburn Flooring Mills of Copiague.


Man Shot, Killed Inside Long Island Home May Have Known Owner

A man was shot and killed inside a Long Island home Monday night and Suffolk County police are investigating whether he knew the homeowner.


Cops: West Babylon Man Who Fled Crash Was DWI

A 45-year-old West Babylon man was arrested for drunken driving after leaving the scene of a crash on the Southern State Parkway in West Hempstead on Friday afternoon, New York State police said.


West Islip Woman Accused of DWI With Daughter in Car

A 45-year-old West Islip woman was arrested Friday night for drunken driving with her 11-year-old daughter in the car on the Southern State Parkway in West Babylon, New York State police said.


Babylon teen charged with driving while drug-impaired

A Babylon woman was arrested on charges of driving while impaired by drugs and drug possession after being stopped for speeding early Saturday morning on the Southern State Parkway, state police said.


Broccoli in the mist: Company develops methods for growing crops without soil

ITHACA -- Ed Harwood wants to seed the cities of the future with thousands of indoor farms utilizing his new growing systems, based on the technology of aeroponics, which sprays a mist of nutrient-laden water on plant roots, instead of submerging them in water-like standard hydroponics.


Central Islip man faces road rage charges

A Central Islip man was arrested Monday after State Police said he threw something at another vehicle on the Southern State Parkway.


US returns historical artifacts to Iraq

US officials have returned more than 1,000 archaeological and historical items taken from Iraq after the 2003 invasion that toppled Saddam Hussein, according to the Iraqi ambassador in Washington.


Petition pushes LI school for reality TV show

Some online supporters of South Bay Elementary School are hoping for a miracle, reality-show style.


U.S. returns 'cultural treasures' to Iraq

The United States gave Iraq a bit of its long history back Thursday in the form of ancient golden earrings, an old Roman coin, a rifle emblazoned with Saddam Hussein's image and more.


After school fire, class is not dismissed

The fire that ripped through South Bay Elementary School in West Babylon last week destroyed the decades-old structure and threatened to split apart a community of hundreds of children and educators.


Community Rallies After Fire Burns L.I. School

Share + Feb 23, 2010 6:09 am US/Eastern Reporting Jennifer McLogan WEST BABYLON, N.Y. "Everyone is together." And that is what will get the emotional students and their teachers through the rest of the school year, they say.


Ancient wall may provide proof for Bible

An Israeli archaeologist said Monday that ancient fortifications recently excavated in Jerusalem date back 3,000 years to the time of King Solomon and support the biblical narrative about the era.


LI Students Displaced After Elementary School Fire

Displaced students on Long Island will attend class at a nearby Catholic church Tuesday, after a fast-moving fire gutted most of their school.


Community Watchdog: Dead tree limb poses danger

Gwen Young writes the Community Watchdog column. At the corner of Miller Avenue and Hughes Lane in North Babylon, there's a dead tree limb that's splintered and hanging over the sidewalk where children from a nearby elementary school walk.


South Bay Elementary Burns in West Babylon

The fire alarm sounded at 10:00 p.m. Thursday. By Friday morning, crews were still at work at South Bay Elementary School in West.Babylon. The building was reportedly empty when the blaze broke out, and fully engulfed in flames by midnight, according to fire officials.


Massive Fire Ravages L.I. Elementary School

Share + Feb 19, 2010 6:52 am US/Eastern WEST BABYLON, N.Y. Authorities say an overnight fire ravaged a Long Island elementary school.


OPINION: Parents of stillborns deserve option of a birth certificate

Danielle Leacock of North Babylon is active with StillParents NY, a group of parents lobbying for the Certificate of Birth Resulting in Stillbirth bill .


Wyandanch sewer plan clogged

Though the town of Babylon has made sewering Wyandanch a priority, the process is stalled as officials wait for the state to send stimulus dollars slated for the project.


Dolson, Hartley and Walker to play in McDonald's Game: UCONN | Women's Basketball

Stefanie Dolson, Bria Hartley and Samarie Walker will play for the East in the McDonald's All-American Game on March 31 at 5:30 p.m. in Columbus, Ohio.


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.
Free Rate Quote
 
"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
© 2006 Somerset Investors Corp. All rights reserved.
Home | Mortgage Glossary | 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 | Testimonials | Employee | Top 100 Mortgage Companies
Equal Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA) ADD YOUR SITE, BOOST YOUR TRAFFIC. Alexa Traffic Ranking
 
close