Personal Counseling
Reverse Mortgage Counseling
CCCS of NH & VT has
qualified counselors that specialize in reverse home mortgages.
If you are 62 years of age or older and own your home, you may
be considering a reverse home mortgage. CCCS of NH & VT is not
a loan originator; we provide counseling for consumers on reverse
home mortgages prior to signing a contract. Our reverse mortgage
counseling currently has a fee of $125; we are here to ensure
that consumers understand how these innovating products work.
They are not recommended for everyone and it is our duty to explain
the pros and cons associated with reverse mortgages.
These loan products were designed to help consumers get cash
against the equity in their home. The homeowner does not have
to repay the loan for as long as the home is the primary place
of residence.
Cash from the reverse mortgage can be paid all at once, as a
single lump sum; in regular monthly installments, as a credit
line account that allows the homeowner to decide when and how
much cash to withdraw, or as a combination of the above mentioned
methods.
Three main aspects are taken into consideration when assessing
a reverse home mortgage: the value of the home, the equity in
the home and the age of the borrowers. CCCS of NH & VT offers
reverse mortgage counseling in person or over the phone.
Call us today at 1-800-327-6778
for a confidential reverse mortgage counseling.
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