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New York Reverse Mortgage Directory

Reverse Mortgage Consultant

New York Reverse Mortgages

Larry McAnarney has been originating reverse mortgage loans since 1999 and would like to earn your trust and be your resource for reverse mortgage information. He will make certain that you understand how a reverse mortgage loan works and help you determine if it�s right for you. Should you decide that the reverse mortgage is right for you, he can also help you obtain a reverse mortgage loan, walking you through the loan process step by step.Read More

Larry McAnarney
NMLS ID 21059
Reverse Mortgage Consultant
Toll-free � 888-898-7121 | Cell - 815-654-7100
Email | Website

New York Reverse Mortgages

Originally from the UK, Mark has lived here for 22 yrs now, and loves it. Mark is a New York reverse mortgage loan originator, but is able to service all 50 states. He is also a proud member of the NAIPC (National Aging In Place Council.) He provides an excellent level of service and is available to answer any reverse mortgage questions... Read More

Mark Draper - Reverse Mortgage Advisor
NMLS #149529
Genworth Financial Home Equity Access, Inc.
Bridge Plaza 2nd floor
Fort Lee NJ, 07024
Tel - 734-447-6144 | Toll-free - 800-218-1415
Email

The following reverse mortgage brokers and lenders offer reverse mortgages and other loan solutions in the state of New York. Please contact them for additional details and program offerings. Senior Reverse Mortgage Online is a national Reverse Mortgage Referral Service. We are currently accepting state listings in our Reverse Mortgage Directory. If you are a reverse mortgage broker or lender, and want in the New York reverse mortgage directory, please Contact Us for directory listing details and costs.

Understanding the New York Reverse Mortgage

The reverse mortgage, often referred to as the Seniors Reverse Mortgage is a unique type of loan product that directly benefits seniors during their retirement years. The New York Reverse Mortgage is growing in popularity, as is the Reverse Mortgage in general. Proof of this growing popularity can be found from the below numbers (as brought to you by NRMLA the National Reverse Mortgage Lenders Association.)

2005 - 48,493 homeowners took out a reverse mortgage
2006 - 86,639 homeowners took out a reverse mortgage
2007 - 132,252 homeowners took out a reverse mortgage

There are a variety of New York reverse mortgages available. The most popular Reverse Mortgage in New York is the HECM. HECM stands for Home Equity Conversion Mortgage, and is usually what homeowners decide on when they consider getting a Reverse Mortgage. New York reverse mortgages are not difficult to obtain.

NY Reverse Mortgage Requirements

>>Borrowers must be Age 62 years or older
>>Own their home and have enough equity in to qualify
>>Occupy the home as primary residence
>>Receive counseling by an approved HUD/FHA counselor
>>The home must be in reasonably good repair

Revere Mortgage Resources

We do not make loans. If there is not a licensed representative in your area feel free to inquire with HUD, or the mortgage regulatory body in your state for more information on reverse mortgages. You may also contact the National Reverse Mortgage Lenders Association, or "NRMLA" for a licensed representative in your state.