Central One Federal Credit Union’s Reverse Mortgage is a special mortgage loan which will enable the senior homeowners to convert the home equity into money without making any monthly payment obligation. The amount the seniors can get will be based on the current interest rate, the age and the appraised value of the home.
The borrowers still own the home until they left the home for ever. Plus, the eligibility is so simple so long as you are over the age of 62 and own the home as the primary residence.
Founded in 1952, Central One Federal Credit Union is a member-owned financial cooperative with more than $287 million in assets and over 27,000 members now.
Back to List of Banks and Credit Unions in MA
714 Main Street, Shrewsbury, MA 01545, 508-842-7400
63 Southbridge Street, Auburn, MA 01501, 508-832-2100
148 Main Street, Northborough, MA 01532, 508-393-8112
40 South Street, Westborough, MA 01581, 508-366-5553
24 Fort Avenue, Salem, MA 01970, 978-740-8408
90 West Main Street, Westborough, MA 01581, 508-366-2748
40 Sylvan Road, Waltham, MA 02451, 781-907-3915
25 Research Drive, Westborough, MA 01581, 774-512-7891