Reverse mortgage info
Get trusted reverse mortgage info from ACCC.
You hear a lot about reverse mortgage solutions today, but for many homeowners it can be hard to find reverse mortgage info they can trust. A reverse mortgage is actually a reputable mortgage product, insured by the Federal Housing Authority and designed to let homeowners over age 62 gain access to the equity in their homes. A reverse mortgage can be a great way for seniors to have more financial independence and to live longer in their home.
The problem is, a lot of reverse mortgage info is inaccurate or even fraudulent, designed to scam seniors out of wealth they have worked so hard to earn. If you're interested in getting clear, honest reverse mortgage information, it's important to talk to a housing counselor who is approved by federal and state housing authorities.
American Consumer Credit Counseling (ACCC) is a nonprofit organization that provides free credit counseling, low-cost debt management services and other resources to help consumers manage and reduce their debt. We also are approved by the Department of Housing and Urban Development (HUD) to provide reverse mortgage info and counseling, along with the certificate that all borrowers need before taking out a reverse mortgage.
ACCC: an approved provider of reverse mortgage info and counseling.
ACCC's Certified Housing Counselors offer reverse mortgage info and in-person or phone financial counseling that the government requires in order to process a reverse mortgage loan. The counseling certificate ensures that borrowers get the reverse mortgage info they need and that they completely understand how the product works. Certification also ensures that borrowers are working with a reputable lender and are not being taken advantage of.
Why come to ACCC for reverse mortgage info?
When you contact ACCC for reverse mortgage info, our counselors will answer all of your questions about reverse mortgages, including questions such as:
- How do reverse mortgages work?
- What types of homes are eligible for a reverse mortgage?
- What's the difference between a reverse mortgage and a bank home equity loan?
- How much money can I get from my home?
- Can the lender take my home away if I outlive the loan?
At ACCC, we also offer a variety of additional housing counseling services, including a first-time home buyers class and a home buyers guide that provides comprehensive information about the process of purchasing a home.
Learn more about how to find reverse mortgage info at ACCC.