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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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Bolivar, New York News
E. Corning police academy opens with 15 cadets EAST CORNING -- The 26th opening ceremony for the Southern Tier Law Enforcement Academy welcomed 15 cadets Tuesday at Corning Community College's renovated criminal justice facility.
Lions Clubs' poster contest winners advance Brockport - District 20-E1 of Lions Clubs International's fall conference judged poster contest entries submitted by schools in the area, sponsored by seven Lions clubs: Brockport, Chili, Churchville, Gates and Andover, Bolivar and Wellsville of Allegany County.
Russian skater Lutai arrested in Lake Placid, NY Police say Russian figure skater Andrei Lutai stole a car and drove it while drunk after finishing 10th overall in the Skate America competition in Lake Placid.

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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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