Enjoy Your Retirement
with a Reverse Mortgage

Are you 62 or older and considering a
reverse mortgage to enhance your retirement?


With a reverse mortgage, you can tap into your home’s equity to supplement your retirement income, eliminate debt, or pay your monthly mortgage payments. Through HUD-approved counseling, gain clear understanding of what a reverse mortgage is, how a reverse mortgage works, and whether it aligns with your financial needs.
Connect with a counselor800-294-3896

How Reverse Mortgage Counseling Works

Before Choosing
a Reverse Mortgage

Start with the essentials. To qualify for a reverse mortgage, you must be 62 or older, own your home, and have significant equity. Gain clear, unbiased answers to questions like “is a reverse mortgage a good idea” and explore if it aligns with your financial future during your session.

During the
Decision Process

Understand the specifics of each reverse mortgage type, from Single-Purpose to HECM. This phase includes clarity on reverse mortgage rates and how different terms may impact your equity and financial well-being.

After Choosing
a Reverse Mortgage

Once you’ve chosen a reverse mortgage, ensure ongoing financial stability. Learn how to manage your loan effectively, protect your investment, and maintain peace of mind in your decision.

Explore Reverse Mortgage Types
and Choose What’s Right for You

Explore Reverse Mortgage,
‍Choose the Right Option

Learn how a reverse mortgage works and explore the benefits it can provide, such as accessing funds while continuing to live in your home. This counseling is designed to explain the pros and cons of a reverse mortgage to help you decide if it’s the right fit for your financial goals.

Understand Your Options,
Secure Your Retirement

Reverse mortgages come in various forms, each suited to different needs. Find out what the 3 types of reverse mortgages are and how they differ. With clear, unbiased information on reverse mortgage rates and terms, you’ll be able to make confident choices about the best option for your situation.
Reverse Mortg… (2)-min

Build Financial Skills,
‍Live a Debt-Free Future

Our debt management plans include educational tools to help you create strong financial habits. From budgeting techniques to tips on managing expenses, you’ll be empowered to maintain financial stability long after your debt is paid off.
Connect with a counselor800-294-3896

Step-by-Step
Reverse Mortgage Process

Step 1:
Understand What a Reverse
Mortgage Is and How It Works

Learn about the basics of a reverse mortgage, including how it allows you to convert home equity into income. This counseling session explains the fundamentals, so you have a clear answer to “what is a reverse mortgage” and “how does a reverse mortgage work.”

Step 2:
Choose the Right
Type of Reverse Mortgage

Discover the different types of reverse mortgages, Single-Purpose, Home Equity Conversion Mortgage (HECM), and Proprietary Reverse Mortgage. This step clarifies the unique aspects of each type, helping you decide which might be the best fit.

Step 3:
Evaluate Reverse Mortgage
Rates and Financial Impact

Gain an understanding of reverse mortgage rates and how they may affect your finances over time. This information includes details on costs, interest rates, and the pros and cons, ensuring you’re well-prepared for your choice.

Step 4:
Make an Informed Decision
for Long-Term Security

Use the insights gained to assess whether a reverse mortgage aligns with your retirement goals. Counseling will cover both reverse mortgage pros and cons, so you can make a choice that supports long-term stability and financial peace of mind.
Explore Your Reverse Mortgage Options. Contact Us Today
Connect with a counselor800-294-3896

See How Reverse Mortgage
Counseling Has Helped Others

Reverse mortgage counseling has empowered many clients to gain a clear perspective on home equity conversion. Discover how others like you have used counseling to make informed, life-enhancing housing decisions.
service ecosystem-min

Financial Tools Made
to Help You Manage Debt

Armed with the right tools, managing and improving your credit becomes a seamless task. Effective budget counseling is key to credit health. Our resources and tools guide you in allocating funds wisely, reducing debts, and positively impacting your credit score.
Explore Our Resources
Take the First Step Toward
a Secure Retirement Today!
Connect with a counselor800-294-3896

Reverse Mortgage FAQs

Why is it important to speak with a housing counselor from a HUD-Approved Agency?

It’s important to understand and carefully consider your decision. There are risks, obligations, and costs associated with obtaining a reverse mortgage loan – our job is to make sure you are fully informed to make the best possible decision for your situation.

Will I still have an estate that I can leave to my heirs?

When you sell your home or no longer use it as your primary residence, you or your estate will repay the cash you received from the reverse mortgage, plus interest and other fees, to the lender. The remaining equity in your home, if any, belongs to you or your heirs.

How can I find out if a reverse mortgage is right for me?

Contact Credit.org to speak with one of our HUD Certified Housing Counselors to obtain education on a reverse mortgage. Our counselors will explain how a reverse mortgage works, including the benefits and potential drawbacks, and will help you assess your financial situation to determine if a reverse mortgage aligns with your needs and goals.
Credit.org is not a loan company. We do not loan / lend money.
‍
Credit.org is an independent nonprofit financial counseling agency and is not affiliated with any mortgage, lending or servicing provider. The content, links and resources in this site are presented for informational purposes only and should not be construed as legal or tax advice.

Credit.org is not a credit repair company.
‍
Credit.org does not offer credit repair services. Our focus is on providing educational resources, counseling, and support to help individuals improve their financial health and achieve their homeownership goals. We do not engage in activities that promise to remove or alter negative credit information from credit reports.
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