Reverse Mortgages for Co-ops

Attention New York seniors! If you’re a co-op apartment owner age 62 or above, you can now tap into your shareholder equity with a Co-op Reverse Mortgage. This unique loan allows senior co-op owners to receive tax-free funds, providing financial flexibility and peace of mind.

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62 years of age or older

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Must be your primary residence

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Financial qualifications must be met

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Get approved from co-op board

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Counseling with a reverse mortgage counselor

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Tap into your units equity

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Down payment depends on age

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620 credit score required

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Reverse Co-op Mortgages are tax-free

Reverse Mortgages
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