Reverse Mortgage Counseling

Helping senior homeowners take advantage of equity in their homes.

Consolidated Credit is approved by the U.S. Department of Housing and Urban Development (HUD) to provide reverse mortgage counseling. It is required by the Federal Housing Administration (FHA) before you complete an application for a reverse mortgage. If you need to schedule a reverse mortgage counseling session or you simply want to get more information about the reverse mortgage process, please call us at 1-800-435-2261 to speak with a HUD-approved reverse mortgage counselor today.

Basic Information about a Reverse Mortgage

A reverse mortgage is best for homeowners who are 62 years or older that have low or no outstanding mortgage debt. During your mandatory reverse mortgage counseling session, your counselor will work with you to help explain how reverse mortgages work, the financial and tax implications of taking out a reverse mortgage, payment options, and costs associated with a reverse mortgage.

Upon completion of the reverse mortgage counseling session, you will be issued a certificate of participation. If you choose to proceed with the loan process, your lender will require this certificate. It is our desire to make this process as informative and efficient as possible for you. The following information can help you fully understand the process and what you can expect once you secure a reverse mortgage.

More Information about Reverse Mortgages

 

REVERSE MORTGAGES VS. HOME EQUITY LOANS