Reverse Mortgage Long Island

New York’s financial services regulator shut down the long island-based franklin First late last year over a laundry list of alleged improprieties, including inaccurate balance sheets and misuse of.

2014-08-28  · Is it true that a new reverse mortgage rule lets a surviving spouse stay in the house even if she’s not the borrower? Yes. The new rule, which applies to mortgages taken after Aug. 4, protects a "non-borrowing" surviving spouse from foreclosure after the borrower’s death.

Reversing A Reverse Mortgage Reversing a Reverse Mortgage Loan on a House You Have Inherited: If you have inherited a home which has a reverse mortgage loan on it, you will need to pay the amount due on the reverse mortgage loan. Your methods for doing this would be similar to those mentioned in the paragraph above.

We're one of the best private mortgage lenders in NY for Home Loans, Purchases , Refinance, VA Loans, Reverse Mortgages and FHA. Fill out the form to.

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Reverse Mortgage Long Island, Mortgage Rate Helpline provides Reverse Mortgage information for senior homeowners and first time homebuyers, Reverse Mortgage Pros and Cons, and the latest updates. Information is provided on how to obtain financial freedom through a senior mortgage and frequently asked questions about HECM mortgages.

How Much Equity Needed For Reverse Mortgage A reverse mortgage is a lending product that allows borrowers aged 62 and older to borrow against the equity in their home without having to make payments until the borrower and any non-borrowing spouse has left the house. But exactly how much equity do you have to have in your home in order to qualify ?

A reverse mortgage can provide a lifeline to these struggling seniors. But the problem on Long Island is twofold: a lack of available proprietary products to offer (most are still not approved in New York), and a lack of education about the value of reverse mortgages on the part of the consumer and financial planners.

Photo of American Advisors Group – Melville, NY, United States. I contacted AAG & long story short, after 2 months of providing them with a mountain of. American advisors group (aag) is the leading national reverse mortgage company.

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A reverse mortgage can provide a lifeline to these struggling seniors. But the problem on Long Island is twofold: a lack of available proprietary products to offer (most are still not approved in New York), and a lack of education about the value of reverse mortgages on the part of.

With several years of experience in the reverse mortgage industry, Five Star Reverse Funding can help you today, servicing Long Island, Brooklyn & Queens.

U.S. long-term mortgage rates shot up this week, yet they stayed close to the historic lows that appear to be helping the.