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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Dale, 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. Dale, 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!
Return to reverse mortgage in the state of NY
| Dale, New York News |
Gas prices hit record high this weekend
"I drive 2 miles from my house just to come here. There's two gas stations just around the corner from me but they're both at like $3.70 so I would rather drive a little bit farther." NY drivers pay more than other states. Retail gas prices across the country set a new record high this weekend with the national average now at $3.49/gallon. But here in the Empire State, we are paying on ... via WKBW-TV
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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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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