Reverse Mortgage

Reverse Mortgage Counseling

Reverse mortgages, also known as HECMs (Home Equity Conversion Mortgages), allows borrowers 62 or older to borrow against the equity in their home.

The Department of Housing and Urban Development (HUD) insures HECMs and the Federal Housing Administration (FHA) administers them.  The loan must be repaid if the borrower dies, sells the home, or moves.  Counseling is required and CCCS charges $125 (which can be financed).

Counselors can help you understand the costs and the benefits of a reverse mortgage, as well as provide other information such as the effects on the borrowers heirs. CCCS is licensed in all states except Massachusetts, New Hampshire, and Vermont.

Happy Seniors

ACT NOWCall CCCS today to set a one-on-one session with a counselor, 800-821-4040.

Do you have more questions about reverse mortgages? Visit our Frequently Asked Questions.

Reverse Mortgage Tips
  • If you receive a reverse mortgage, you must continue to pay your homeowners insurance and property taxes.
  • Shop between different lenders to receive the lowest origination and ongoing fees.
  • Explore cheaper alternatives to a reverse mortgage such as home equity loans or selling your home.
Additional Resources

ACT NOWCall us today 1-800-821-4040 or emailing