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Cumberland, RI Reverse Mortgage in Rhode Island

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.  Cumberland, RI 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 RI

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Cumberland, Rhode Island News
Contractors are using more energy-saving materials, techniques

The developer converting a historic bank building into a hotel in downtown Providence installs thermostats in every room to detect the presence of people and raise and lower the heat in response.


At the pump: Affordable fill-ups at last

When gasoline prices spiked, Kerri Micheletti often left "Chloe" - her 2007 cherry-red Honda Civic - in the driveway, opting for pedal power instead.


Paiva Weed picks DaPonte to head Senate Finance Committee

In her first act since fellow Democrats endorsed her for Senate president, Senate Majority Leader M. Teresa Paiva Weed yesterday announced that she has chosen Sen.


Cumberland youth take on homelessness

It was the tragic death four years ago of Brad Boyle, the son of former Four Corners Community Chapel Pastor Ken Boyle, that opened the eyes of the church's young people to the homeless problem in Rhode Island.


Workers getting help after plant closes

Workers who lost their jobs when a Cumberland manufacturer closed are now eligible for additional federal assistance including job retraining and relocation help.


Seventeen adoptions are finalized in display of love, commitment

Just four months into her life, Hannah got sick and doctors suspected cancer. Her parents, Tom and Kelly Davis, of Cumberland, promised that if she made it through, they would "give back" somehow.


With eye on deficit, communities plan for lean times

As state leaders wrestle with a second-straight year of mid-term budget cuts, mayors and managers across Rhode Island are looking at everything from later bill payment schedules to union concessions to offset ...


Cumberland School Committee reorganizes

Despite a few laughs about veteran members forgetting a new member or two, the School Committee's reorganizational meeting got straight down to business Thursday.


RI teenager drowns after canoe capsizes

A canoe carrying a 17-year-old boy and his father down the Blackstone River has capsized and drowned the teenager at the Pratt Dam.


3 RI men indicted on contraband cigarette sales

The indictment accuses them of selling an agent 155 cartons of cigarettes without the proper Rhode Island state tax stamps.


Arrest in bank robberies

A 53-year-old Cumberland man was arrested yesterday and charged with the Nov. 3 robbery of the Sovereign Bank at 215 Main St.


Dining Out: Between Italy and Greece is . . . Angelo's of Cumberland

At a time when downsizing seems to be the rallying cry even as prices continue an uphill climb, Angelo's restaurant has bucked the trend, expanding to more than double its original size while keeping prices ...


Volunteers pack a touch of home for troops overseas

Staff Sgt. Stephanie Riotte received five days' notice before being deployed to Iraq in 2003.


Teen Killed In Blackstone River Canoe Accident

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Paiva-Weed secures votes for Senate presidency

State Sen. Teresa Paiva-Weed, D-Newport, has apparently secured the votes needed to become the first female president of the Rhode Island Senate.


Three people arrested in Cumberland for stolen credit card information

Three people from New York have been charged with using stolen credit card information.


Roger Williams Park Zoo just got better

The biggest animals in the Roger Williams Park Zoo have a bigger home, and the people who flock there can fill their eyes and ears with them more easily than ever.


Closely watched Council races in Cumberland

Voters this Election Day will decide the outcome of two closely watched races for seats on the Cumberland Town Council.


Major Whiting named chief in N. Providence

Although not quite a native son, after almost three decades on the Pawtucket Police Department, Major John J. Whiting feels like he's leaving home.


Real estate notes

The Rhode Island Association of Realtors Troop Support Task Force is helping to raise money for the Military Childhood Education Coalition through a gas certificate raffle.


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