Like most Americans, you probably want to stay in your home as you grow older. However, as it gets harder to do things on your own, you may need a helping hand with everyday task. It can be costly to pay for help at home, along with home modifications and other health needs. For many people, these extra cost are a real burden.
HPP CARES team members educate our clients about the features of reverse mortgages and the appropriateness of a reverse mortgage or other financial options within the context of the client’s financial situation.
Reverse mortgages are more complex and require the issuance of a counseling certificate upon completion, validating that the client received the required counseling and understanding of the basic concepts about the mechanics and implications of reverse mortgages and their alternatives, as is required by law. To receive the certificate, clients must answer at least five out of ten questions on reverse mortgages, which the counselor will go over and prepare each client for.
For more information on reverse mortgages and whether or not they apply to your path to homeownership, please contact our office at (562)424.4477 OR EMAIL INFO@HPPCARES.ORG