This service provides 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. Clients are offered the convenience of speaking to their HUD approved counselor face-to-face or over the phone. 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 assist understanding the program and product.

For more information contact the Redmond Homeownership center at 541-548-2380 x. 120 or by email at homeownership@neighborimpact.org..