News

Considering a Reverse Mortgage?

  • Aug 23 2018

Reverse mortgages allow you to convert part of the existing equity in your home into cash if you’re 62 or older.  There are three different kinds of reverse mortgages: single purpose, proprietary, and home equity conversion reverse mortgages.  The process of determining which type of reverse mortgage fits your financial needs can be complicated.  Taking the time to research the benefits and disadvantages of each is crucial to ensuring the reverse mortgage you chose works for you.  Our Residential Real Estate team is available to discuss any questions you may have about the legal implications of a reverse mortgage, or to connect you with local lenders who can provide you with more information.

For more information on reverse mortgages, click here:
https://www.consumer.ftc.gov/articles/0192-reverse-mortgages


Posted in: L.I.F.E. Group Blog, Residential Real Estate

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The culture of teamwork and collaboration at O’Connell and Aronowitz helps our three office locations assist clients in a myriad of legal disciplines and harness the talents of O’Connell and Aronowitz attorneys across New York State. We offer the experience, resources, and skills to help you protect your rights and your best interests.

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Albany, NY 12207

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