CCNW offers Home Equity Conversion Mortgage (HECM) Counseling by AARP-Certified Reverse Equity Mortgage Counselors to help you determine if a HECM is right for you.

The U.S. Department of Housing & Urban Development requires that all individuals seeking a HECM receive objective counseling to explain all available options. At the end of the session, the individual will receive a certificate that verifies their successful completion of the counseling session.

A HECM allows a senior, age 62 or over, to access the equity in their home without having to make monthly loan payments like you have to do with a conventional home equity loan. The HECM can be structured as a line of credit, a lump sum payment, or you can receive regular monthly payments. No repayment is required until you either sell your home or no longer live in the home as your primary residence.

To learn more about Reverse Equity Mortgages, go to www.aarp.org and click on the Money and Work icon. Once you are on the Money and Work page, click on Reverse Mortgage to access more information and calculators.

You can also access information at www.hud.gov when you click on Senior Citizens in the Information section on HUD’s Home Page. When you arrive on the Senior Citizens page, click on the Reverse Mortgage section for further information and calculators.

Click Here to register for in person or phone appointment or Call 1.800.244.1183.