Reverse Mortgage Counseling

Reverse Mortgage Counseling2018-10-11T20:18:07+00:00

Reverse mortgages are loan products that allow seniors (62+) to borrow against the value of their homes while requiring no monthly payments as long as they are living in the home.

During the reverse mortgage counseling session, we will discuss:

  • Your financial goals and how they relate to getting a reverse mortgage
  • What is a Home Equity Conversion Mortgage (HECM)?
  • Review the costs associated with a HECM loan
  • Evaluate the pros and cons to this loan product
  • Discuss alternatives to reverse mortgage that may help you meet your financial goals
  • Each participant will receive a certificate of completion to move forward with the lending process

This service has an upfront fee of $125.  If a household falls below 200% of the federal poverty level, the fee can be financed into the HECM loan at closing.  The counselor will discuss these options with you before scheduling the appointment.

*This service is offered to all Colorado residents

Helpful Resources:

Using Your Home to Stay Home
Considering a Reverse Mortgage?

To get started, contact our reverse mortgage counselor:

Alea Rodriguez: 970-488-2382