Reverse Mortgage Counseling
Are you a homeowner at least 62 years old? Do you need to evaluate whether a reverse mortgage is an appropriate solution for your financial challenges?
A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a loan that enables you to convert part of your home equity into tax-free cash. It may provide you with financial relief and the ability to better manage daily living expenses. Our HUD-approved reverse mortgage counselors can help you explore this option and determine whether this type of loan is appropriate for your financial situation. We will guide you through the entire process, including:
- Terms of a reverse mortgage loan
- Possible alternatives to reverse mortgages
- Potential financial and tax implications
For your protection, the US Department of Housing and Urban Development(HUD) requires homeowners who are interested in a reverse mortgage to receive a reverse mortgage counseling* from an approved third-party organization like Take Charge America.
Take Charge America is approved to assist senior homeowners nationwide.
*This service may require a fee.
Call 1 (866) 987-2008 to speak with a certified reverse mortgage counselor. We are here to answer your questions and explore your options.
Monday to Tuesday, Thursday to Friday, 11am – 8pm EST
Wednesday 11am – 10pm EST