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Reverse mortgage information

For reverse mortgage information, consult an approved provider.

There are a lot of companies advertising reverse mortgage solutions on TV and in magazines, but it can be hard to get solid reverse mortgage information. Many of the companies advertising reverse mortgage products are looking to profit by getting you to take out a loan, and they may not be the best source for giving you impartial reverse mortgage information.

Many additional reverse mortgage offers are actually scams – people trying to swindle you out of your life savings or your home. A great number of seniors fall prey to bad reverse mortgage information each year.

Reverse mortgages offer many benefits and can be a great financial solution for homeowners 62 years of age or older, but it's important to review comprehensive reverse mortgage information before you decide to take this step. When you want to get honest and straightforward reverse mortgage info, consult the certified housing counselors at American Consumer Credit Counseling (ACCC).

ACCC: a trusted source for reverse mortgage information

ACCC is a nonprofit organization with a mission of helping consumers to achieve financial health through education, counseling and financial services. In addition to free credit counseling and low-cost debt management services, ACCC offers reverse mortgage counseling sessions that provides helpful reverse mortgage information along with the certification required for certain reverse mortgage products.

While the specifics of most reverse mortgages are the same, there are several different kinds of reverse mortgage products. The most common is the Home Equity Conversion Mortgage, or HECM, which is a reverse mortgage solution issued by a private lender and insured by the federal government.

To apply for an HECM loan, homeowners must complete a reverse mortgage counseling session with an approved provider like ACCC.

Reverse mortgage information provided by ACCC

When you come to ACCC for reverse mortgage information counseling, you'll learn a lot about how this mortgage product can help to provide independence, security and control as you grow older. You'll get answers to questions like "How do reverse mortgages work?" and "What's the difference between a reverse mortgage and a bank home equity loan?" And you'll get reverse mortgage information about the many advantages of this unique product:

  • No monthly payments are due for as long as the homeowner lives in the home.
  • You control how much or how little money you want to take out of your home equity.
  • Your heirs will still inherit the home and the remaining equity after the balance of the reverse mortgage is paid off.

Learn more about getting reverse mortgage information and counseling from ACCC, or if you are looking at buying a home you can find information about a home buyers course which will provide a wealth of information and home buying tips for first-time buyers and experienced buyers alike.

American Consumer Credit Counseling (ACCC) is a non-profit debt relief agency offering consolidated credit counseling and consumer debt solutions. If you have debt to consolidate, we can help you consolidate credit without taking a loan or paying high fees like some debt management companies charge. A fair, effective debt reduction service, our debt management program simplifies your payment responsibilities and often results in reduced interest rates from your creditors. As a leading national debt consolidation firm, ACCC has also been approved by the Department of Justice to provide credit counseling for bankruptcy both the pre-bankruptcy credit counseling certificate and the post-bankruptcy debtor education. Homepage Footer: American Consumer Credit Counseling (ACCC) is a non-profit credit counseling agency and debt consolidation company that provides help to anyone who is asking, "How do I get out of debt?" Our services include credit counseling, financial education, debt consolidation and debt reduction services for consumers nationwide. Our certified credit counselors have helped thousands of individuals and families find debt relief through debt management plans that consolidate debts and debt payments to pay off credit cards and eliminate debt. We also provide bankruptcy counseling and bankruptcy debtor education services, including pre bankruptcy credit counseling for a bankruptcy certificate.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member