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Vernon Hill, VA Reverse Mortgage in Virginia

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. Vernon Hill, VA 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!

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Vernon Hill, Virginia News
Continue reading "Commerce founder, Fed settle" Vernon Hill, the founder and former leader of Commerce Bank, ended a lengthy probe into his real-estate dealings with the bank by signing a consent order with federal regulators.
Vernon Hill man convicted for role in fight Monday, July 21, 2008 3:18 PM EDT A Vernon Hill man was found guilty Monday in Pittsylvania County Circuit Court for his role in a fight.
Vernon Hill man convicted for role in fight Monday, July 21, 2008 3:18 PM EDT A Vernon Hill man was found guilty Monday in Pittsylvania County Circuit Court for his role in a fight.
Vernon Hill man found not guilty of rape Thursday, July 17, 2008 3:35 PM EDT A Vernon Hill man was found not guilty Thursday in Pittsylvania County Circuit Court of rape and abduction.
Correspondence via Email A large crowd jammed the U.S. 501 bridge in Riverdale to root on the rubber ducks racing down the Dan River as part of DDSB's Ducks on the Dan Duck Race.

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.