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New York Reverse Mortgage Lenders

New York is home to a lot of house rich cash poor seniors. The high property values makes New York residents prime candidates to consider reverse mortgages. Reverse mortgage loans should only be used as a last resort. Keep in mind that borrowers still must pay the annual property taxes along with insurance and HOA if applicable. The property must still be maintained. The new reverse mortgage loans can be used for any purpose by the borrower. Consider downsizing into a smaller home, using the proceeds as funds for necessary expenses while keeping aside enough for housing. Westchester, Nassau, Kings and New York Counties are some of the more popular counties for the HECM loans while Buffalo, Rochester, Yonkers, Albany and White Plains also rank among the top cities in the state.

Important Reverse Mortgage Requirements

Vanguard Funding LLC
877-881-0010
NRMLA #17044
Urban Financial of America (UFA)
800-469-7383
NRMLA #3858
Advisors Mortgage Group, LLC
(800) 657-1080
NRMLA #18083
Ulster Savings Bank
866-440-0391 x3624
NRMLA #4830
Homestead Funding Corp.
800-767-4787
NRMLA #18089
Home Equity Conversion Corp. dba HomeChex
866-461-6290
NRMLA #1160
Senior Security Advisors
888-267-7869
NRMLA #6083
GuardHill Financial Corp.
800-853-7078
NRMLA #16736
Interstate Home Loan Center, Inc.
800-353-6348
NRMLA #18303
Arlington Financial Corporation
800-736-6725
NRMLA #17735