Reverse Mortgage Company in Long Island
Meet Michele Albohn
Michele Albohn
Reverse Mortgage Specialist
NMLS #1989021
(865) 346-6280
Long Island, New York Reverse Mortgages
Michele Albohn and LN Capital Corp are one of the best teams to consult about a reverse mortgage on Long Island, from Hicksville to The Hamptons and throughout Brooklyn, Queens, Nassau County and Suffolk County.
Michele is a mortgage broker and home-equity strategist.
She helps families create safe, sustainable care plans so aging parents can remain at home with dignity.
To do this, she translates complex rules and mortgage options into clear, responsible steps.
“I enjoy helping consumers with financing their home purchase or helping them save money with a refinance, especially retirees who can find themselves cash poor,” she said.
Her path isn’t typical for a mortgage broker but she has always had an undeniable connection with senior citizens.
She began 25 years ago serving the elderly and disabled as a Medicaid application specialist in New York, then became head paralegal at a Long Island elder-law firm dealing with estate planning, asset protection, real estate and Medicaid planning.
With a degree in Health Care Administration, she served as Director of Finance & Admissions in a nursing home, reviewing insurance and clinical needs to admit appropriate patients and ensure coverage.
By 2014, she had founded In Good Hands Medicaid Consulting where she completed hundreds of Medicaid cases and partnered with the Alzheimer’s Association, home-care agencies and nursing homes.
She was even recognized in Marquis Who’s Who (2020) for contributions to the field of Medicaid Planning.
With such a vast range of experiences and talents, Michele brings a very holistic approach to mortgage advising in her present role as a mortgage broker.
What is a reverse mortgage?
Reverse mortgages haven’t always had the best reputation.
But those days are long gone because they have evolved substantially over time to the point where it would be negligent not to consider one.
They are tailored specifically to seniors who have equity in their home but are finding the challenges of modern living difficult to meet – that is, they are struggling for cash.
It is a situation many retirees face and some think their only solution is to downsize their home but that is not the case!
That’s because a reverse mortgage reverses the flow of money from the bank back to you and all while you remain in your home.
It is available to homeowners who have reached 62 years of age and gives approved applicants the opportunity to age in place with their financial futures secured.
Seniors can then regain their financial independence and celebrate their retirement with a little panache.
Vacations, nice dinners, new clothes, whatever their hearts desire.
They can access funds in several different ways including a lump sum payment, monthly installments, a line of credit or a combination of all three.
As long as the terms of the loan are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
Long Island home prices have bucked the national trend and risen considerably in the last 12 months.
But the market varies widely across the island.
In and around Long Island City, which is indicative of much of the island, prices have risen 4.4% in the 12 months to June 2026 reaching an average of $816,078 (https://www.zillow.com/home-values/46301/long-island-city-queens-new-york-ny/).
There are 5,279 people within a 10-mile radius of Long Island City alone who are already taking advantage of a reverse mortgage with 140 of them having acquired one in the last 12 months*.
About Long Island, New York
Named ‘Lange Eylandt’ in the early 1600s by Dutch explorer Adriaen Block, Long Island has also been known as Paumanok (the island that pays tribute) and Sewanhaka (place of shells) by the North American tribes who lived there.
It was briefly renamed Nassau Island in 1693 to honor the Dutch Prince William of Orange.
Long Island is the largest island of the mainland United States and the 11th largest island in the US overall.
It comprises parts of Kings, Queens, Nassau and Suffolk Counties and is home to more than eight million residents with a dense population of 5,860 people per square mile.
This makes it the most populous island in the country.
If it was its own state, it would rank 12th in order of population.
It is home to JFK International Airport and the famous Montauk Point Lighthouse which was commissioned by George Washington in 1792 and is the oldest in the country.
You’ll also find Jones Beach State Park, Cooper’s Beach, Long Beach, the Long Island Aquarium and the Brooklyn Bridge which connects the island with Manhattan.
Levittown on Long Island is America’s first specifically-built suburb, designed to accommodate returning WWII veterans.
Deep Hollow Ranch in Montauk is regarded as the oldest working cattle ranch in the country.
Reverse Mortgage Lender Near You in Long Island New York
Michele and her team LN Capital Corp team would love to help anyone who thinks a reverse mortgage might assist them in retirement.
Call Michele today at (865) 346-6280 for a no obligation assessment of your position.
*As of June 2026
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