Where can I find independent counseling about reverse mortgages?

Dec 22, 2021 ... Reverse mortgage interest rates are still a big deal and should factor into your clients' borrowing decisions. A financial tool tailored for homeowners, turning equity in your cherished home into a dependable cash source. What is a Reverse Mortgage? • Home Equity Conversion Mortgage (HECM):. Borrower gets cash in exchange for home equity. (Equity is the value of your ownership. A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. Reverse mortgage loan, a loan originated, made or brokered by an authorized lender which: (a) Is secured by residential real estate property; Reverse Mortgage; icon Your Fair Housing Rights/File Complaint. Use the criteria below to narrow your search results (optional):. Agency Name. Counseling Method. Dec 21, 2023 ... Also like a traditional mortgage, when you take out a reverse mortgage loan, the title to your home remains in your name. However, unlike a ... With a reverse mortgage, the unpaid loan balance grows over time. As a borrower, you can pay as much or as little toward the loan balance each month as you ... May 6, 2024 ... Approved Reverse Mortgage Counselors - As of May 2024 ... File ... Approved Reverse Mortgage Counselors - As of May 6, 2024 (135.48 KB) ... File Format. Reverse mortgage borrowers have significantly higher financial and housing satisfaction compared to nonborrowers; no differences were found for health, daily ...