REVERSE MORTGAGE COUNSELING
Reverse Mortgage Counseling is designed to help you understand the pros and cons of a reverse mortgage (also known as a home equity conversion mortgage, or HECM). Under the right circumstances, a reverse mortgage can be used to help supplement income by drawing from the equity in your home.
Reverse Mortgage Counseling from MMI can help you understand:
- How a reverse mortgage works
- The benefits and potential financial and tax implications
- The associated costs and various payment options available
The program also provides the required certificate of completion for obtaining a reverse mortgage.