This service provides a neutral third party counseling session to educate participants (seniors 62 years and older) with the pros and cons of a reverse equity mortgage, and various other options for maintaining homeownership. This counseling is intended to determine that the client has a reputable lender and that they also have a clear understanding of the pertinent conditions and benefits of the reverse mortgage loan program. Counseling includes identifying alternatives, comparing costs and assistance in understanding the program and product. This services is free to Central Oregonians and our counselor is HUD-certified.

For more information contact the Redmond Housing Center at (541) 316-2038 or by email at homeownership@neighborimpact.org..