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Reverse Mortgage Counseling

What is a Reverse Mortgage?

A Reverse Mortgage can assist in providing a tax free cash flow to eligible homeowners, 62 years of age or older. It is a unique type of loan used by older Americans enabling them to convert the equity in their homes into cash. Without the obligation of a monthly payment while in the home, a reverse mortgage is designed to enable a senior’s financial independence, by making funds available to the homeowner. A Reverse Mortgage allows homeowners access to money that they have built up as equity in their homes.

Qualifying for a Reverse Mortgage

Candidates for reverse mortgages generally have low or no outstanding mortgage debt on their property. A reverse mortgage borrower can only obtain a reverse mortgage on their primary residence.

For more information or to speak with a housing counselor call 1-866-826-7180 or click here.

American Consumer Credit Counseling provides free credit counseling and low-cost solutions for managing debt and learning how to become debt free. The certified credit counselors in our debt relief center have helped thousands of individuals and families create plans for lowering credit card debt or eliminating personal credit card debt altogether. In our initial credit counseling sessions, our counselors thoroughly review a client’s financial situation before discussing all available options. Counselors can provide debt settlement advice or explain how a debt settlement program works, compare debt forgiveness and debt management plans, offer suggestions for dealing with debt recovery companies, and answer questions about debt consolidation qualifications. ACCC also provides debt management services with a fee structure that is among the lowest in the industry.

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