Reverse Mortgage Loans for Senior Citizens
A reverse mortgage is a loan which borrows on the value (equity) of a home. Such loans can be used to pay for daily living expenses, taxes, home health care, home repair or any other use preferred by the homeowner. More information can be obtained by contacting your local point of contact or the New York State Banking Department (outside New York City 1-800-522-3330 or in New York City 1-212-618-6445).