NY – Assisted Living NY Assisted Living Brooklyn

by Annette Fisher
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105 Senior Centers in NYC are being threatened

105 Senior Centers in NYC are being threatened with closing, due to the proposed title xx cuts. What can you do to try to stop the senior centers from closing? Last night the PESID, People Empowering Senior Independence, group met. We had representatives at the meeting from Council Member Domenic M. Recchia Jr. Office, along…

New York will you be able to heat your homes?

New York, NY with oil prices going up and up, you have to wonder what it will cost to heat your home. We have programs in place to helps folks in the city. HEAP home energy assistance is available, however it is not much when you look at the thousands it usually costs to heat…

Reverse mortgages can be used to purchase a property?

Reverse mortgages have traditionally been used by people 62 and over to access cash from the equity they may have in their primary residence. A reverse mortgage for purchase usually works best when a senior is looking to downsize. When using a reverse mortgage for purchase, a substantial down payment is required. No monthly mortgage…

Reverse Mortgage Lending Limits

The current lending limit for a reverse mortgage is the lower of $625,500 or the appraised value. This is part of the stimulus package which has been approved through December 31, 2009. There has been some talk as to what the lending limit will be for next year, however no guidelines have been set. For more…