HomeSource of NeighborImpact offers a neutral third party counseling session to help homeowners ages 62+ understand the pros and cons of a reverse equity mortgage and various other options for maintaining homeownership
We partner with you to help you understand the characteristics of a reputable lender and to make sure that you have a clear understanding of the conditions and benefits of the reverse mortgage loan program. Counseling includes:
- Identifying alternatives
- Comparing costs
- Understanding the program and product
Our counselor is HUD-certified.
Cost: $150, unless the household is at or below 200% of federal poverty guidelines (see table below)
For more information contact the HomeSource of NeighborImpact Bend office at (541) 323-6567 or by email at firstname.lastname@example.org.