Reverse Mortgage Ridge, NY

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Elizabeth Munoz

It was a pleasure working with Jet Direct. All my questions were answered promptly. I will refer them to family and friends. Thank you to Jet Direct for making it a smooth process!

Surimaribo24

Thank you jet mortgage Team. Enid -Michelle-Irene and the team are simply the best, with the speed and being on top of everything. they treat their clients like a king . dont look anywhere else if you're looking for a mortgage this is the one and last stop. they are PRO and will get you the best rates .words can't express how thankful we are. thank you for getting us into our first home.
John Michael

Working with Pete, Jeff and Lauren was great. They helped me through the process and made it a great experience for us. I will recommend Jet to all our friends.

Paul Teri

As first time home buyers, we were grateful to work with Sal Petrozzino! Not only is he personable, but he was always available to answer any questions we had along the way - didn't matter if it was nights or weekends. His guidance and expertise helped us to make the best possible decisions as we worked to close on our new home.
Adam Gurley

Peter Pescatore and his team were all class acts. They made buying my home stress-free. I will be recommending them to everyone!

Rachel Nieves

What a pleasure it was working with Peter, Jeff and Lauren. They are very knowledge in their field. The explained every step of the way what was happening and what we were to expect. We must have emailed them a million times and they never were upset at us for doing so. Not only did we use them to get our mortgage, but they can help years later to modify your mortgage and try to bring down your rates. We could have never of sold and bought our new home without them. I highly recommend them.
Rachel Klein

They made ma feel like family, they took me every step of the way . Thank you!

Margo Urquijo

Jet Direct was the best to work. We loved Enid so much. She was beyond helpful and made us feel so confident in the process. We will be recommending Enid and Jet Direct to any of our friends or family. So thankful for all you have done for my husband and I.
Vanessa Horowitz

Sal was a pleasure to work with. He was personable, patient and informative. I would highly recommend Sal.

Cristin Savino

As a first time home buyer I was very nervous about the whole home buying process. Peter Pescatore and his team were very helpful, polite, and extremely professional throughout the entire process. And, best of all, they got me a better rate then I was hoping for! They made buying my first home completely stress-free. I highly recommend using Jet Direct for any of your home buying needs!
Cristin Savino

As a first time home buyer I was very nervous about the whole home buying process. Peter Pescatore and his team were very helpful, polite, and extremely professional throughout the entire process. And, best of all, they got me a better rate then I was hoping for! They made buying my first home completely stress-free. I highly recommend using Jet Direct for any of your home buying needs!

Reverse Mortgage in Ridge, NY 11961

HECM

A lot of senior citizens in Suffolk County desire to use the equity they’ve built in their houses. If you fall into this category, you may find a home equity conversion mortgage (HECM) to be a practical choice. A home equity conversion mortgage is a sort of reverse mortgage loan that is supported by the federal government and provides various advantages for people in the appropriate circumstances.

Contact Jet Direct Mortgage at 855-553-4732, the best refinance company in Suffolk County if you’re considering taking out a mortgage in Suffolk County. Our staff of professional and certified loan officers, who work for a major refinancing home loan and leading reverse mortgage lender, is dedicated to assisting homeowners in the neighborhood to find the lowest mortgage refinance rates. We have a variety of mortgage programs, and we’ll help you decide which one best meets your needs. Contact Jet Direct Mortgage, a leader in the field, if you’re interested to refinance home loan for the low mortgage refinance rates.

Reasons You Should Get A HECM Loan

There’s no doubt that if you live in Ridge, NY and own a home, you’ve heard about the low mortgage HECM rates. You might even be wondering if you should refinance your house loan since you know someone who has done so. How can you tell if refinancing your mortgage is a wise move for you? Here are a few reasons why you ought to think about a HECM loan.

No Minimum Credit Score

There is no minimum credit score needed to qualify for a HECM. The criteria used to determine your financial eligibility are instead: income, assets, living expenditures, and overall credit history. This indicates that you can be eligible for a HECM loan in Ridge, NY even if you are not eligible for other home equity access options. You can check your credit score at apps like Credit Karma.

Ridge, NY

No Default

With a HECM Reverse Mortgage, unlike a home equity loan, your house cannot be taken away because you are not making your mortgage payments. The loan is not due for repayment until you vacate the property permanently, and there are no monthly mortgage payments. You must, however, take care of the house and pay the HOA fees, property taxes, and homeowner’s insurance.

Flexible Payment Options

The amount of money from a HECM Reverse Mortgage can be disbursed to you as a lump sum, regular payments, a credit line, or a combination of these, depending on the loan type you select.

No Stress Of Losing Home

Since a HECM is not a mortgage, you won’t need to be concerned about the bank taking your home back. You can decide whether to repay a HECM, which is a basic interest credit line. The credit line will also never reset or mature. The unused portion will rise every year.

FHA insured

The FHA covers every HECM. The FHA safeguards you so that a loan company cannot seize your property if your mortgage is higher than the worth of your home.

Who Makes A Good HECM Borrower?

The HECM is intended for homeowners 62 and older who own their houses but lack the funds to support the lifestyle they desire. They can use it to access some of their home equity without having to sell it or stop paying their mortgage. Due to credit issues or insufficient income, homeowners unable to qualify for less expensive financing such as home equity loans may benefit from HECM reverse mortgages.

Seniors can use a HECM loan to use the equity in their home to pay down their current mortgage. A HECM, which is government-insured, can be utilized to augment your retirement income, but the mortgage can be challenging to understand and isn’t always the best choice.

Suppose you’re thinking about a HECM or other kind of reverse mortgage. Contact Jet Direct Mortgage in Ridge, NY to learn more about low-interest rate HECM loan programs at 855-553-4732.

Some information about Ridge, NY

Ridge is a hamlet and census-designated place (CDP) in the town of Brookhaven in Suffolk County, New York, United States. The population was 13,336 at the 2010 census.

In 1693, William “Tangier” Smith, who owned a homestead in Setauket, was allowed to purchase a large tract of land on the South Shore of Long Island in recognition of his being mayor of Tangier in Africa. The land, called St. George’s Manor, stretched from the Carmans River (then called the Connecticut River) in the west to the edge of of Southampton in the east with a northern border around present-day New York State Route 25, as much as 81,000 acres (330 km²) of land. He made his manor seat on the South Shore in present-day Mastic, and the northern part, now the south side of Ridge, was called “The Swamp” or “Longswamp”. A house wasn’t built at Longswamp until after the American Revolution. In 1817, William Sydney Smith inhabited the house and changed the name to Longwood.

In 1955, what then remained of William Smith’s original manor was primarily located in Ridge and was surrounded by the world growing up around it, in the form of the Brookhaven National Laboratory and the surrounding areas becoming increasingly populated. Longwood’s 750 acres (300 ha) fell into the hands of Elbert Clayton Smith, who immediately moved his family from California to live there. He seems to have been very generous to his new community; his donations included 51 acres (21 ha) to the school board for the construction of Longwood High School and 6 acres (2.4 ha) to Middle Island Presbyterian Church. In 1967, Elbert Smith died, and the Longwood Estate was carved into housing developments and nearly destroyed until enough noise was made about preservation to have the house and 35 acres (14 ha) of land given to the Town of Brookhaven in 1974. The Smith Estate was added to the National Register of Historic Places in 1981.

In 1738, northern Ridge was settled by widower Samuel Randall of North Stonington, Connecticut; his only son Stephen Randall and his descendants farmed a 4,000-acre (1,600 ha) plot of ground that Samuel had always referred to as “the Ridge” based on the geographical terrain. First called “Randallville”, Ridge was the name selected by its residents for postal delivery and remains the name for this hamlet to this day. The Randall burial plot near the William Floyd Parkway includes the grave of Lt. Stephen Randall (1736-1818), patriot of the American Revolution and a Suffolk County Militia veteran of the Battle of Long Island, August 27, 1776, as part of a company of Suffolk County Minutemen commanded by Captain Daniel Mulford. Graves of Randall’s wife Elizabeth Swezey (1747-1834) and several descendants are also within the plot.

Learn more about Ridge.