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Reverse Mortgage History | Russ Cares

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Five Star Reverse Funding. The first reverse mortgage. Contact Us Using The Form Below.

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Senior Resources Long Island, Brooklyn, Queens, Nassau & Suffolk County Senior Resource

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Five Star Reverse Funding. More and more financial advisors are recommending reverse mortgages as the solution. Reverse mortgages can benefit retirees by supplementing their retirement portfolios with additional funds, however, common misconceptions surrounding the loans continue to be a challenge one that financial planners must acknowledge in their discussions with clients. Contact Us Using The Form Below.

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Russ Cares Blog

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Five Star Reverse Funding. Understanding the Basics of Reverse Mortgages. Feb 12, 2014. In 2014, the United States of America continues to suffer and endure the effects of a nation-wide recession.

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Testimonials, Reviews, Comments | Russ Cares

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Five Star Reverse Funding. Hi I'm Carol I'm Joe's wife from rocky point. I couldn't say it any better than my husband did. I think Russell is wonderful. If we hadnt gotten the reverse mortgage, again, we would not be in our home. So we thank him very much and we're very pleased with the outcome. Hi this is Phil from Holbrook. I just want to say a few words about russ arceri. I think he's absolutely tremendous in his job. He knows the reverse mortgage industry. Contact Us Using The Form Below. Five Star R...

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About Us | Russ Cares

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Five Star Reverse Funding. FIVE STAR REVERSE FUNDING. Is a New York State Corporation whose address is 1376 Locust Avenue Bohemia NY We are listed without complaint in the BBB, Licensed and Bonded. We originate and fully process loans in house acting as a Registered Mortgage Broker with The NYS Dept. of Financial Services, all loans arranged through third party providers. The company NMLS # is 32828 and Mr. Arceri’s # is MLO 7071. Call Russell to learn more and schedule a free consultation 631 589-7827.

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Reverse Mortgage or Home Equity Loan - A Comparison | Russ Cares

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Five Star Reverse Funding. Reverse Mortgage or Home Equity Loan - A Comparison. The chief difference between a reverse mortgage. A qualified home owner of any age may take out a home equity loan. Only borrowers age 62 or older may take out a reverse mortgage. Requirements for a home equity loan include good credit and a steady, documentable income sufficient to make the loan payments as well as meet other financial obligations. Click our contact us. Contact Us Using The Form Below.

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FAQ's Frequently Asked Questions | Russ Cares

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Five Star Reverse Funding. Q: What is a reverse mortgage and how does it work? A: A reverse mortgage is a special type of loan that allows you to borrow against the equity that you've built up in your home. You can use the money for anything you like including paying medical bills and making home improvements. Unlike a traditional home equity loan, a reverse mortgage. Doesn't need to be paid back immediately, perhaps not even during your lifetime. Q: Can anyone apply for a reverse mortgage? A: No, the ti...

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Common Misconceptions | Russ Cares

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Five Star Reverse Funding. Get the Facts on Reverse Mortgages. If you are a homeowner and at least 62 years of age, here are some important things to consider. Knowing the facts may help you better understand some of the most common misconceptions. Allows you to convert some of your home equity into accessible tax-free funds. A reverse mortgage enables you to receive payments instead of making them. You continue to own and live in your home as long as all program requirements are met. A reverse mortgage ...