Reverse Mortgages

New Jersey and New York Reverse Mortgage Attorneys

In recent years, reverse mortgages have become a widely used method of providing income streams for the elderly.

For some people, a reverse mortgage is a sound financial move. For others, a reverse mortgage is a very bad decision. What should you do?

It is unlikely that you will receive objective information from those promoting reverse mortgages — they have a product to sell. If you are considering a reverse mortgage for yourself or a loved one, you need objective information and sound advice.

Michael A. Manna & Associates is an elder law firm with much experience in reverse mortgage and other estate planning tools. We can evaluate your situation, help you understand your financial options and recommend the course of action that is right for you.

Call 201-447-2800 or send us an e-mail for a free consultation.

Home Equity Conversion Using a Reverse Mortgage

A reverse mortgage is a way to obtain a steady income stream by gradually using the equity in a home. Reverse mortgages have high set up costs which make them unattractive if the homeowner will not live in the house for a long time.

Michael A. Manna & Associates will carefully analyze your financial and life situation. We will weigh the pros and cons of a reverse mortgage in light of your particular circumstances. We will examine other financing options such as a second mortgage and compare the alternatives.

Our firm can provide you with information you need to make an informed decision about a reverse mortgage.

Protecting Your Interests

If you decide to go ahead, our firm can review other issues such as title to the home. If they are not in order, we can take action to set them right.

Deciding to purchase a reverse mortgage is a big step. With the help of Michael A. Manna & Associates, you can be assured that your decision is the right one.

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