Westerly, Rhode Island... Washington Trust will host a free seminar on Reverse Mortgages on Tuesday, May 24, 2011 at 2:30 p.m. at its Block Island branch, Ocean Avenue, Block Island, R.I.
"Reverse mortgages allow older homeowners to stay in their own homes as long as they wish and have money available for their everyday expenses," said Joseph J. MarcAurele, chairman, president and CEO of Washington Trust. "The Bank's reverse mortgage program is especially important to Rhode Islanders, since our state has one of the largest concentrations of older homeowners per capita in the United States."
The seminar will explore all aspects of reverse mortgages, which allow older homeowners to access equity in their homes without having to make monthly payments. The seminar will be presented by Holly Knott, Washington Trust reverse mortgage specialist. Reservations can be made by calling Holly Knott at 800-475-2265 ext 1193.
Founded in 1800, Washington Trust is one of New England's premier financial services companies, providing mortgage banking, commercial banking, small business banking, personal banking, and wealth management and trust services to individuals and institutions through its offices located in Rhode Island, southeastern Connecticut and eastern Massachusetts. Our Mortgage Lending area offers a full-range of mortgage solutions, including reverse mortgages and home equity loans and lines to help borrowers through all stages of life. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH). Web site address: www.washtrust.com.