Welcome to Commonwealth Bancorp, where we specialize in home equity conversion mortgages. At Commonwealth Bancorp, we will find a loan that fits each borrower. Unlike big banks that have “order takers” helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly. Also, the big banks have a limited number of lending options available and their loan programs are one size fits all. We have relationships with many lenders. We will find the lender that offers rates good for your scenario. No matter your needs, we are here to help.
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You have worked hard throughout your life. Now is your time for peace of mind. With proper planning you can enjoy your golden years the way you always imagined. A reverse mortgage loan eliminates your monthly mortgage payment* giving you additional financial security. Not only can it lower your monthly expenses, it may provide cash flow throughout your retirement. To find out how much money you qualify for, go to our website.