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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

GuardHill Financial Corp.
800-853-7078
NRMLA #16736
Liberty Home Equity Solutions, Inc.
800-218-1415
NRMLA #5771
Agency for Consumer Equity Mortgages, Inc.
800-881-2954
NRMLA #2597
Vanguard Funding LLC
877-881-0010
NRMLA #17044
Equity Loans, LLC
877-255-3554 x200
NRMLA #12106
Ulster Savings Bank
866-440-0391 x3624
NRMLA #4830
Urban Financial of America (UFA)
800-469-7383
NRMLA #3858
Interstate Home Loan Center, Inc.
800-353-6348
NRMLA #18303
American Advisors Group (AAG)
800-736-6725
NRMLA #5197
Advisors Mortgage Group, LLC
(800) 657-1080
NRMLA #18083