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.