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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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Rhode Island News
GWEC Releases a oeGreat Expectationsa Wind Report

"It is clear that Congress must pass a strong federal renewable electricity standard so that investors, developers and state policy makers are working together to achieve a common goal," said Iowa Governor Chet Culver today during a press call to release the findings of a new wind energy report: Great Expectations: U.S. Wind Energy Development, the ...


Lawmakers considering revision to Rhode Island tax system

General Assembly leaders are considering a plan to revise the state's personal income tax system.


APNewsBreak: Governors urge Congress, White House to boost wind energy use

A coalition representing governors of 29 states is urging the federal government to take steps to boost wind energy, such as a renewable energy standard requiring utilities to produce at least 10 percent of their energy from renewable sources by 2012.


Rhode Island cities and towns prepare for heavy rain

Considerable flooding is likely in Rhode Island into Monday because of a stalled northeaster along the Mid-Atlantic Coast, the National Weather Service said in an advisory Saturday.


Rhode Island gas prices expected to top $3 a gallon

Rhode Islanders can expect to pay at least $3 a gallon for gas in the next few months.


RISP Arrest Coventry Man on Child Porn Charges

On Thursday, March 11, 2010, the Rhode Island State Police Internet Crimes Against Children Task Force, along with the Coventry and Providence Police Departments, arrested Donald Bender, age 20, of 14 Newell Court, Coventry, Rhode Island for Possession of Child Pornography.


PB Xpress rolls through Rhode Island

AIMING HIGH: Washington Trust launched its 10th annual PB Xpress on March 3 at the Rhode Island Community Food Bank.


12 Rhode Islanders have played for the P-Bruins

While writing a story about Cody Wild that was in Sunday's Journal, I got to wondering how many Rhode Islanders had suited up for the Providence Bruins? After going over the names at hockeydb.com, to the best of my knowledge, Wild is both the 12th Rhode Islander and the 12th former Friar to wear the black and gold.


Rhode Island one of 16 finalists for federal education funds

Rhode Island is one of 16 finalists in the $4-billion federal Race to the Top competition, designed to reward states that embrace radical school reforms.


Indeglia nominated for seat on RI Supreme Court

A Rhode Island trial judge has been nominated for a seat on the state's highest court.


Study finds Rhode Island pension costs soaring

Rhode Island cannot afford the system that currently promises lifetime pension benefits to 19,733 retired public school teachers and state workers, according to a report released Sunday by the Rhode Island Public Expenditure Council that details soaring costs set to explode in the coming years.


Mollis proposes online form to help R.I. start-ups

In the first piece of significant regulatory reform to come out of Smith Hill in some time, Secretary of State A. Ralph Mollis has proposed an initiative to reduce the amount of time and paperwork it takes to start a business in Rhode Island.


Lawmakers debate DMV fee hikes

Rhode Island lawmakers are considering a proposal to raise rates at the Department of Motor Vehicles as a way to deal with the statea s budget deficit.


Georgia, S. Carolina among grant finalists

The U.S. Department of Education named 16 finalists Thursday in the first round of its "Race to the Top" competition, which will deliver $4.35 billion in school reform grants.


Governor Carcieri joins fight to ban "R" word

Governor Carcieri Proclaims March 3, 2010 "Spread the Word to End the Word Day" in Rhode Island, to Banish the Word "Retard" from Everyday Vocabulary Governor Donald L. Carcieri has proclaimed March 3, 2010 Spread the Word to End the Word Day in Rhode Island, joining a national movement to eliminate the word "retard" - the "R-word" - from everyday ...


Rhode Island joins national graduation effort

Rhode Island has joined 16 other states in a national effort to dramatically increase the number of young people who graduate from college, an economic and educational priority of the Obama administration.


Edward Achorn: Even Rhode Islanders, numbed by cynicism, are upset

Rhode Island voters are worried about the economy, the direction of their state and the capacity of their leaders to solve anything.


Census Bureau hiring in Rhode Island

The U.S. Census Bureau is seeking several recruiting assistants in Rhode Island; preferably bilingual in English and at least one of the following languages: Arabic, Khmer , Italian, Laotian, Portuguese/Creole, Russian or Spanish.


Census tries to reach Southeast Asians in Rhode Island

As the U.S. government prepares to count all its residents, community leaders and census officials Saturday launched efforts to ensure that Rhode Island's Southeast Asian residents are fully counted during the 2010 Census.


RI Adopts Rules for Medical Marijuana Stores

Health officials are setting rules for three stores in Rhode Island that could sell marijuana to patients registered with the state.


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