Reverse mortgages are loan products that allow older adults (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

Before You Begin:

This service is offered to all Colorado residents and 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.

Getting Started:

To inquire about Reverse Mortgage Counseling, or to schedule an appointment, please connect with Neighbor to Neighbor Senior Homeownership Manager Miranda Minton. Email:  [email protected]  Phone/Text:  (970) 488-2374

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