Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

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.  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!

Local reverse mortgage directory for RI :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Adamsville Albion Ashaway

Return to our reverse mortgage page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Rhode Island News
Is RI making the most from its tourism appeal?

DIFFERENT IDEAS: DePetrillo maintains the state is doing about as well as it can, while Burke thinks Rhode Island's tourism-promotion is falling far short of its potential.


RI Cops Arrest Man With .491 Blood Alcohol Level

State Police arrested a man early Tuesday whose blood alcohol level allegedly was .491, more than six times the legal limit, which they believe is the highest ever recorded in Rhode Island for someone who ...


National Grid to push energy conservation

Yes, electric rates for many Rhode Islanders are jumping nearly 22 percent. But National Grid, the state's main supplier of electricity, says it will also spend more money in efforts to get people to cut their ...


State recommends reopening 1 beach, closing 2

The Rhode Island Department of Health on Thursday recommended reopening Echo Lake Campground Beach in Burrillville to swimmers.


Newport Residents Taking Action to Fight Contaminated Sewage in the Water

It's a warning we hand down every few days in the summer, certain beaches getting temporarily shut down because there's bacteria in the water.


Rhode Island Courthouse Immigration Raids Spark Protest, Debate

Controversy is brewing after a highly coordinated immigration raid by federal agents saw dozens of Rhode Island contracted workers taken into custody.


Many Families Of Uninsured Immigrant Children In Rhode Island Unaware Of No-Cost Health Care Option

Main Category: Health Insurance / Medical Insurance Also Included In: Pediatrics / Children's Health Many families of 2,800 immigrant children who recently lost coverage through Rhode Island's RIte Care program ...


'Accessible Rhode Island' navigates disabled through Ocean State

Choosing which restaurant to eat at or what attraction best suits your Saturday afternoon seems like a minor dilemma, but for Rhode Islanders with disabilities it can require a lot more homework.


Senate Panel Approves $7.85 Million for Rhode Island in Transportation and Housing Spending Plan

U.S. Senators Jack Reed and Sheldon Whitehouse today announced that the Appropriations Committee has approved legislation including $4.7 million in funding for Rhode Island transportation, housing, and ...


Health Department Presents Community Partnership Award To The International Institute of Rhode Island

Today the Rhode Island Department of Health presented William Shuey, Executive Director of the International Institute of Rhode Island , with a Community Partnership Award.


Rhode Island PBS phasing out coverage of meetings

Citing legal concerns over the conduct of some of its employees, the Rhode Island Public Broadcasting System said PBS employees will stop taping town meetings on the company's time.


The push for a popular vote for president

This month, the Massachusetts Legislature can help nudge the nation into the modern age by taking a stand in favor of a national popular vote for president -- and against that most antiquated of arrangements, ...


Rhode Island Children Can't Live Without Lead In Homes

The RI Department of Health is deeply disappointed by the Rhode Island's Supreme Court ruling today, which denies the best opportunity for more RI children to live in safe homes free from lead.


DEM: No West Nile or EEE in Rhode Island

The Rhode Island Department of Environmental Management announced this afternoon that tests for the West Nile Virus and Eastern Equine Encephalitis have both come back negative.


Rhode Islanders don't find immigration a top issue

In this summer of $4-a-gallon discontent, a Rhode Island economy hemorrhaging jobs at an alarming rate, and the housing slide eating away at homeowners' accumulated wealth, you might think our political leaders ...


Rhode Islanders unhappy with state

A stunning 83 percent of Rhode Islanders surveyed in a Rhode Island College poll say the state is on the wrong track, with only 11 percent believing it is headed in the right direction.


Poll: Rhode Islanders' top worry is economy

Worries about the economy overwhelmingly topped the list of Rhode Islanders' concerns in a recent poll conducted for Rhode Island College's Bureau of Government Research and Services.


Rhode Island group linked to controversial foes of illegal immigration

In early 2006, the national Federation for American Immigration Reform sent an emissary to Rhode Island as part of a national grassroots organizing effort against illegal and mass immigration.


Chaplain Attacked By Rabid Fox

Health officials said a fox that attacked a university chaplain in her South Kingstown backyard has tested positive for rabies.


R.I. lead paint ruling ends hope of costly cleanup

Health advocates and Rhode Island officials say it will be much harder to eliminate childhood lead poisoning after the state Supreme Court overturned a landmark jury verdict that could have led to a ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)