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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
Refinance
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Severance, 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. Severance, 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
| Severance, New York News |
State budget brings some relief
"The 50-50 one is a big one for us" Another $1.25 in tax on a pack of smokes. No raises for state lawmakers and judges. via RecordOnline.com
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New York State Parks to Hold Public Workshops on Trail Use
"We encourage local citizens and government representatives, plus the members of the state's hundreds of trail groups, to attend these meetings and help shape a vision for trails in New York State." New York State Office of Parks, Recreation and Historic Preservation Commissioner Carol Ash announced today that the agency will hold a series of five public workshops across the state on the topic of trail ... via Empire State News
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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