Reverse Mortgage

Reverse Mortgage Counseling can help you understand the costs and the benefits of a reverse mortgage.

Our HUD-certified counselors will review the details of a reverse mortgage loan that’s tailored to your situation.

Counselor and client

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.

If you would like to pursue a Reverse Mortgage or HECM, you will need counseling from a HUD-approved housing agency. We currently offer this type of counseling virtually or over the phone.

CCCS Helps with Reverse Mortgages

What is a reverse mortgage? 

It is a type of federally insured loan, also called a home equity conversion mortgage. In particular, it allows older Americans who meet certain criteria to use the equity in their homes to continue to live independently.

Does CCCS offer reverse mortgages? 

No, CCCS is not a lender. However, we offer help to those considering one by providing information on the costs and benefits.

How can CCCS help?

  • Certified counselors are qualified to provide one-on-one counseling to interested homeowners. These counseling sessions serve to help you understand the way a reverse mortgage works. Counselors review the costs and benefits, financial implications, tax consequences, effects on borrowers heirs, and other options available to the homeowners.
  • We charge a fee of $125, but have waivers are available based on your income.
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Call us today to make an appointment

Book an appointment online or call 912-691-2227