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Reverse Mortgage
Deciding whether or not to get a Reverse Mortgage is one of the biggest financial decisions most Senior Citizens will ever make. A Reverse Mortgage affects your largest asset (your home), your future finances, your family, and you estate. You deserve the best possible information on Reverse Mortgages before closing your loan.
Consumer Credit Management Services, Inc.(CCMS) a non-profit HUD approved Housing Counseling Agency with over 17 years experience, is proud to offer Reverse Mortgage Counseling to seniors interested in receiving a reverse mortgage. In most cases Reverse Mortgage Counseling is required before you complete your loan application. You may choose to speak with a counselor before or after you begin working with a reverse mortgage lender.
CCMS counselors are HUD approved and AARP Exam Qualified to perform Reverse Mortgage Counseling, offer flexible appointment times to work with your schedule, and appointments are often available within days of your request.
Counseling sessions typically last between one to two hours and can be completed at our offices in Delray Beach Florida or over the telephone. At the completion of the Counseling Session you will be issued an official Reverse Mortgage Counseling Certificate which allows you and your lender to begin the reverse mortgage process.
The cost for CCMS Reverse Mortgage Counseling is set by The U.S. Department of Housing and Urban Development at $125 per session. We encourage you to ask trusted family, friends, or advisors to join you in your counseling session for no additional fee.
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As seen in "The Reverse Review"
Download this consumer guide to reverse mortgages from the AARP Foundation Reverse Mortgage Education Project. (Adobe Acrobat required).
Understand the frequently used terms associated with reverse mortgages.
Get the facts before taking out a reverse mortgage on your home.
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