FIVE STAR REVERSE FUNDING is a New York State Corporation whose address is 1376 Locust Avenue Bohemia NY We are listed without complaint in the BBB, Licensed and Bonded. We originate and fully process loans in house acting as a Registered Mortgage Broker with The NYS Dept. of Financial Services, all loans arranged through third party providers.
The company NMLS # is 32828 and Mr. Arceri's # is MLO 7071. Russell Joseph Arceri is the President/CEO and oversees personally 100% of operations. Russell started his career in financial services in January of 1977, concentrating his work on residential financing in 1998 with 100% of his work on Reverse Mortgages (HECM) since 2009.
The company NMLS # is 32828 and Mr. Arceri's # is MLO 7071. Russell Joseph Arceri is the President/CEO and oversees personally 100% of operations. Russell started his career in financial services in January of 1977, concentrating his work on residential financing in 1998 with 100% of his work on Reverse Mortgages (HECM) since 2009.
Services
If you are a homeowner and at least 62 years of age, here are some important things to consider. A reverse mortgage allows you to convert some of your home equity into accessible tax-free loan proceeds. Borrower must continue to pay property taxes, homeowner's insurance and maintenance costs. A reverse mortgage enables you to receive payments instead of making monthly mortgage payments.
Q: What is a reverse mortgage loan and how does it work? A: A reverse mortgage is a special type of loan that allows you to borrow against a portion of the equity that you've built up in your home. You can use the money for anything you like including paying medical bills and making home improvements.
Hi I'm Joe from Rocky Point. And it got a reserve mortgage through Russell and believe me - it saved our lives. I wouldn't be on the island, much less in this house, if it wasn't for the reverse mortgage and working with Russell was a dream. He was so patient with us - because we kept teetering back and forth, and he was just a great guy and we're still in touch with him.
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