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In New Jersey we want to make sure you make the best informed decision. Counseling and education is available and we are here to help.
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About Reverse Mortgages
Once you decide to go ahead with a reverse mortgage loan, you will be walked through a detailed process that will provide education and financial counseling in New Jersey. Once you close on the loan you will begin to receive your tax-free monthly payments. Once you are long longer living in the New Jersey home as your primary residence, the outstanding balance of the total payments received plus interested will be paid back to the lender from the remaining equity in the home.
Consumer Safeguards
New Jersey and the federal government want to make sure that its seniors are well educated and financially sound for life. Before any New Jersey homeowner can close on a reverse mortgage loan, the senior must be educated and be provided financial counseling. Every step of the way they can feel comfortable that they are in control of the process and aware of their rights.
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Current Mortgage Rates
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30 yr fixed5.80%5.74%
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30 yr fixed jumbo7.05%6.95%
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Fri, 09 May 2008

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Understanding Reverse Mortgage Loan Fees
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A Thicket of Easy Loans That Entangled One Mortgage Holder - New York Times
A Thicket of Easy Loans That Entangled One Mortgage HolderNew York Times, United States - 2 hours agoNew Jersey ranks 15th in the nation, and New York is ranked 29th. Ms. Sotire, who shared details of her finances, and her loan documents, ...
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