Reverse Mortgages
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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.
Why should I apply for a Reverse Mortgage
“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!”
Reverse Mortgages are available from Somerset Investors Corp. in the following states:
- CA, DE, IN, MT, NM, RI, TX, CO, FL, MA, NC, NY, SC, VA, CT, GA, MD, NH, OR, TN, VT, DC, HI, ME, NJ, PA,