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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!

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Belmont, New York News
New kid in Central Park is a 'mini' goat There's a new kid on the block at the Central Park Zoo. A baby Mini-Nubian goat was born recently at the zoo.
Kodiak Kowboy wins Cigar Mile, last Grade I of year in NY Kodiak Kowboy rallied in the stretch to win the Grade I, $300,000 Cigar Mile at Aqueduct Race Track Saturday, the last Grade I race of the year in New York.
Belmont courthouse plans allowed to proceed, for now November 21, 2009, 6:44 AM / A judge has initially rejected efforts by an Allegany County citizens group to block further work on renovations at the county courthouse in Belmont.
Arrest in Leicester Robbery Leicester, N.Y. a ' Candi Cassidy was arrested Monday on charges of robbery and reckless endangerment.
Driver unscathed after head-on crash with truck A Steuben County man crashed head-on with a tractor-trailer today - and escaped uninjured.

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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy

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