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For those homeowners who qualify, a Home Equity Conversion Mortgages (HECM), better known as a reverse mortgage can be a useful money management tool, especially in retirement.Understand your options
However, one of the requirements for receiving this type of mortgage is one-on-one reverse mortgage counseling. NFCC Certified Housing Specialists provide these sessions so you have all the information you need, from an objective third-party, to make an informed decision. They’ll provide all the information necessary to determining if this type of mortgage suits your needs, while educating you regarding predatory lending practices, so you can make your decision with greater confidence.
Reverse Mortgage Amount Based On