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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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New York News
New Yorkers offer home to beaten dog

Dozens of New Yorkers have offered a new home to Spike, an 11-month-old bulldog savaged in a beating with a shovel, animal rescue officials said.


Study: Many WTC Responders With New Heart Problems

Law enforcement officers who worked near ground zero after the World Trade Center attacks seem to show early signs of heart problems at a higher rate than would be expected for their age, a new study suggests.


Ban salt to save lives, restaurants in New York told

FOUR YEARS ago New York City's health commissioners banned artery-blocking transfats in restaurants.


Mantela s a Wolf Halla wins fiction prize in NYC

NEW YORK - Hilary Mantel's "Wolf Hall," winner last year of the Man Booker Prize in London, was honored Thursday night on this side of the Atlantic Ocean.


2 killed in separate NJ train incident

Two people have been struck and killed by trains in separate accidents in New Jersey.


Mourners gathering for funeral of slain OPP officer

A handout photo of Ontario Provincial Police Constable Vu Pham. Pham responded to a call on North Line, Huron County - which is just north of Seaforth, Ontario - where he was shot in the line of duty.


My Sweet Wild Dance

Lily Tomlin is busier than ever: playing Vegas for the next few weeks then touring the country; taking a featured role on Damages; and developing a Desperate Housewives spin-off. EDGE's Jim Halterman spoke to the great Lily about what audiences can expect to see her do in Vegas on the tour, what she thinks of actors coming out and how did she find ...


Remember Me Should Be Quickly Forgotten

Review in a Hurry: A rich student attending the James Dean School of Brooding falls for a shaggy girl from the other side of the tracks .


Jet returns to airport after hitting bird

The pilot of a US Airways jet reported a bird strike and an engine problem shortly after takeoff from an upstate New York airport Thursday, forcing the plane to turn back and make an emergency landing, officials said.


Stars blame script for chemistry

Jennifer Aniston and Gerard Butler have revealed how much they loved working together on new rom com The Bounty Hunter at the film's London premiere.


NY attorney general recuses self in Paterson probe

New York Attorney General Andrew Cuomo said Thursday he has recused himself and appointed an independent counsel to probe whether Gov.


Libya demands diplomatic concessions from Swiss

Libya's Ambassador to the United Nations Ibrahim Aldredi speaks during a news conference, Thursday, March 11, 2010, in Geneva, Switzerland.


U.S. political scandals turn sordid

A New York congressman resigns amid accusations he sexually harassed his male employees during tickle fights.


Comptrollera s former chief investment officer pleads guilty in ongoing pension investigation

David Loglisci, the former Chief Investment Officer at the Office of the New York State Comptroller, who was indicted last year along with co-defendant Henry "Hank" Morris, pled guilty to a Martin Act felony for his role in the corruption of the New York State Common Retirement Fund and will cooperate in the ongoing investigation.


Mafia-linked arrests in Italy, US; suspected Gambino soldier accused of protecting counterpart

The FBI arrested a reputed U.S. mobster Wednesday on charges he provided protection for a Sicilian counterpart mapping out criminal turf in Florida - part of an international sweep aimed at further crippling the storied Gambino organized crime family and disrupting its ties to the Italian mob.


Pataki Endorses GOP's Rick Lazio for Governor

Former Gov. George Pataki, perhaps the most popular Republican in New York, is endorsing Rick Lazio in his GOP bid for governor this year.


New Yorkers reminded it's only art

Police in New York have reminded members of the public that figures soon to be gazing down from buildings in the city are an artist's body casts - not people in distress.


Poll Numbers Improve Slightly for Gov. Paterson

A new poll shows the percentage of New York voters who say scandal-plagued Gov. David Paterson should serve out his term has edged upward.


Official Condom Design: New York's New Sex Symbol

New York City has an official condom. This winning logo will grace the cover of 6 million condoms distributed in the city.


Anti-Gay N.Y. State Senator Supporters Call Rival A 'Puppet of 'Rich Gay Fanatics'

New York State Sen. Hiram Monserrate may have become the first New York state senator to be kicked out of that august body since the 1920s on ethical violations in the wake of a domestic abuse episode, but supporters of his bid to re-take the seat he lost by winning the special election seem to prefer violence against women to marriage equality.


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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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