Shay Samuch is the Branch Manager at Nationwide Equities located in Jericho, NY. Since 2004, the Company has been expanding and is positioned to become one of the most recognized and respected leaders in the mortgage industry. Now, with over 20 locations across the country, Nationwide Equities boasts an ever-expanding network of branches. By offering mortgages as a broker or as a direct lender, Nationwide represents the convergence of the best in product, price and service.

We provide in HOME CONSULTATION!! We provide a Consultatative approach. We provide expert insight to the REVERSE MORTGAGE industry We work with a team of advisors and estate planners to properly guide you all aspects of REVERSE MORTGAGE.

Call for a Quote or to Arrange a Consultation.

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Reviews

B
blshguy

05/07/2011

Provided by YP.com
I had recently worked with Jer...

I had recently worked with Jericho branch on behalf of my family and was very pleased with the care they took to help me understand the Reverse Mortgage process. Since, this was different than other mortgages, the face-face interaction was important.



Thanks again

M
markmatiash

05/02/2011

Provided by YP.com
They would be very happy with ...

They would be very happy with Nationwide Equities' commitment to service and excellent support throughout the loan process. From application through closing, regardless of what was needed, a Nationwide Equities representative was always available by phone, and even came to my relative's home to assist with and answer any questions they might have had. I would highly recommend Nationwide Equities and the Reverse Mortgage product.

More Business Info

Reverse Mortgage! No Income or Credit Required! 62 Years and Older Only!!!

Hours
Regular Hours
Mon - Thu:
Fri:
Sat - SunClosed
Extra Phones

Toll Free: 888-669-4383

Payment method
financing available
Location
The Facts - A Reverse mortgage is a specialized loan for seniors 62 and older - A reverse mortgage allows seniors to access a portion of the equity in their home. - Borrowers maintain title and ownership of their home. - Proceeds from a reverse mortgag
Neighborhood
Jericho
Amenities
Counseling: HUD counseling is mandatory for all reverse mortgage borrowers. Consult with your reverse mortgage specialist and make sure you complete this a soon as possible. Many times counseling can be completed over the telephone. You will receive two certificates; one to keep and the other to send to our office. Appraisal: Upon receiving your HUD counseling certificate we will contact you to arrange for an appraisal of your property. Reverse mortgages use a full FHA appraisal. The value of your home is based on what comparable properties in your neighborhood have sold for recently. Processing: We (the lender) will begin to process your paperwork. This process includes the appraisal, title report, and checking the balance of any liens/mortgages to be paid. We will be in contact regularly during this time. Underwriting: When the processing and all paperwork is complete, we forward your file to the loan underwriter for final approval and will work to satisfy any conditions/requirements needed to close the loan. Closing & funds disbursed: Once your loan has been approved by underwriting we will contact you to arrange for the signing of your final loan documents. At this time we will confirm your payment plan or partial lump sum (how you want to receive your money). Once you've signed the closing documents you have three business days to cancel the loan if you should chose to do so.
Accreditation

Equal Housing Opportunity

National Reverse Mortage Association

Associations
Introduction Imagine living in your home mortgage free, or enjoying tax-free* proceeds for life benefiting from the years you've invested in your home. A reverse mortgage is a unique tool designed for seniors 62 and older. You enjoy access to part of the equity in your home and the freedom and comfort of the home you've known for so many years. It's your home, now you can put it to work for you. Reverse mortgage borrowers retain ownership and title to their home. It's yours just as it was before, but now you can benefit from the equity that's been building in your home for years. In addition, HECM reverse mortgage loans give you the peace of mind of a government guaranteed FHA backed loan where you will never owe more than the home is worth. You can get a reverse mortgage on your primary residence and no repayment is due until the last borrower passes away or permanently leaves the home. As a protection all those seeking a reverse mortgage are required to obtain HUD counseling (from an independent third party) prior to incurring any costs associated with the loan. While proceeds from a reverse mortgage are tax free, borrowers should seek tax advice on how proceeds may affect government needs-based programs such as Medicaid and Medi-Cal.
Category
Mortgages
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