Northeast Funding Services

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Reverse Mortgage Counseling

Reverse mortgage loans are provided by Northeast Funding Services

Counseling is required for all HECMs. Reverse mortgages are the only financial product (perhaps the only product, period) that require this. Why? Caution. Because reverse mortgages are designed for an older audience who are often on fixed incomes and involves what is usually everyone’s most valuable asset—their home—government and the reverse mortgage industry want to […]

Written by · Categorized: Reverse Mortgages

Are there different types of reverse mortgages?

Reverse mortgage loans are provided by Northeast Funding Services

Yes. Most reverse mortgages today are insured by the Federal Housing Administration (FHA), as part of its Home Equity Conversion Mortgage (HECM) program. If you apply for a HECM loan, you can choose from the following options: Payment of loan proceeds. You can receive loan money as a line of credit, monthly installment, a combination of […]

Written by · Categorized: Reverse Mortgages

FAQ’s about Reverse Mortgages

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables you to withdraw some of the equity in your home.  The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, make home improvements and more. 1. […]

Written by · Categorized: Reverse Mortgages

Are Reverse Mortgages Good?

Reverse mortgage loans are provided by Northeast Funding Services

A reverse mortgage is a special type of home loan that allows borrowers who are at least 62 years old (and meet other eligibility requirements) to convert a portion of the equity in their homes into cash. Loan proceeds can be taken as a lump-sum or monthly payment or as a line of credit. Interest […]

Written by · Categorized: Reverse Mortgages

Purchase Pre-Qualify

Keep the dream alive by getting pre-qualified before you start looking for a home.

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VA Home Loans

100% Financing may be an option if you're a United States Veteran, Service Member, or not remarried spouse.

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Refinance / Debt Consolidation

Using the equity in your home to payoff other bills or needs is a great option.

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Reverse Mortgages

Stop fighting to stay afloat. Use the reverse mortgage to give you quality of life and eliminate your mortgage payment and other bills.

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Recent Posts

VA home loans for United States veterans offered by Northeast Funding Services

VA Loans: 10 Things To Know About The 100% Mortgage Program

VA Home Loans: A Benefit You’ve Earned

Reverse mortgage loans are provided by Northeast Funding Services

Reverse Mortgage Counseling

Reverse mortgage loans are provided by Northeast Funding Services

Are there different types of reverse mortgages?

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Contact Us

New York

125 Wolf Road
Suite 217
Albany, NY 12205

518-782-1855

Email Us

South Carolina

638 E. Point Dr
Gilbert, SC 29054

803-239-4848

Registered Mortgage Broker New York Department of Financial Services, and South Carolina Department of Consumer Affairs NMLS ID#46813. Loans provided through third party providers.

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