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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!

Return to reverse mortgage in the state of NY

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(800) 675-9783

Bloomington, New York News
Police believe they have solve car larcenies

KINGSTON The Ulster County Sheriff's Office arrested a Kingston man and charged him after an investigation revealed he was allegedly involved in several larcenies from motor vehicles in the Bloomington area on November 22, 2009.


Tentative Deal in Cleveland Orchestra Strike

The strike at the Cleveland Orchestra appears to be over. The players and management said Tuesday morning that a tentative agreement had been reached after a marathon bargaining session that began at noon on Monday and ended shortly before 6:30 a.m. Tuesday.


Cleveland Orchestra Strikes for Second Day Over Planned Pay Cut

The Cleveland Orchestra, ranked the world's seventh-best by Gramophone magazine, canceled a series of concerts this week as a strike by its musicians entered a second day after they rejected a 5 percent pay cut.


Ulster blaze destroys camper, garage

A fire ripped through a large garage and destroyed a camper on Tuesday afternoon in the Ulster County community of Rifton, catching trees on fire.


Sarah Palin Almost Gets Tomato in Face

NEW YORK Maybe Jeremy Olson should have practiced with a target before attempting to pelt Sarah Palin with tomatoes at a book signing in Minnesota Dec.


Emergency drill planned for Sunday

KINGSTON - An emergency training exercise will be held Sunday at the Hudson Valley Mall in Kingston.


Placements & Salaries Survey 2009: Change Agent: Kristin Centanni, Class of 2008

Kristin Centanni's job search came before the recession got to its deepest levels, a jump-start that may have made all the difference.


Archaeology society looks at local industry

They've toured struggling car plants in Detroit, defunct steel mills in Pittsburgh, and now a national group of history buffs is highlighting the past and present of industry in the Hudson Valley.


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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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