Understanding a Home Equity Conversion Mortgage (HECM)
Are you looking into a reverse mortgage? Neighborhood Housing Services of Greater Cleveland is a leader in Reverse Mortgage Counseling, and the only agency referred by AARP.
Our staff will provide you detailed information about Reverse Mortgage products, how they may benefit your situation and be with you throughout the process. If you are interested in learning more about a Reverse Mortgage, here are your next steps;
1. Call NHS of Greater Cleveland at (216) 458-HOME (4663).
2. Set up an appointment with our licensed Reverse Mortgage counselor.
3. Attend your counseling session (in person or by phone) to review all of your options and understand how a Reverse Mortgage will work for your individual situation.
4. Once you have successfully completed counseling and met program criteria, your NHS of Greater Cleveland counselor will provide you with a HECM Certificate.
Call NHS of Greater Cleveland today to see how we can help you at 216.458.HOME(4663) x 2329 or reach us by email.
Download a copy of NCOA's Using Your Home to Stay at Home booklet for helpful information regarding Reverse Mortgage options.
Visit NRMLA's Guide to Reverse Mortgages here.
Review HUD's "Top 10 Things to Know if You're Intersted in a Reverse Mortgage here.
Visit the FTC's Reverse Mortgage Consumer Site here.
Estimate the benefit amount you may be eligible to receive with this Reverse Mortgage calculator.