Counselors
Before we will process your reverse mortgage, you must first meet with an independent counselor overseen by HUD. You will learn more about:
- Program eligibility requirements
- Financial implications
- Alternatives to reverse mortgages
- Tax consequences and provisions for the mortgage becoming due and payable
Contact any of the following:
Pam Bilal
Money Management International
- Toll Free: 1-877-908-2227
- Counselors are available from 6:00am to 8:00pm EST Monday through Friday
- Lenders may make donations and obtain a sponsor number. If the borrower calls with a sponsor number, counselors are available 24 hours a day. Call the toll free number to learn more.
AARP
- The AARP counseling Web site is at: http://www.hecmresources.org. At this website, choose the "USA Map" option to search counselor availability by state.
- The toll free number is: 800-209-8085 (local 202-434-6082)
- Borrowers facing forclosure, or other similar emergencies, may call: 202-434-6051
- Counselors are available from Monday to Friday from 7:00 am to 12:00 am (midnight) EST.
National Foundation for Credit Counseling
- The toll free number telephone number is: 866-698-6322
- Counselors are available from 7:30 am to 8:00 pm EST Monday through Thursday and on Fridays from 9:00am to 6:00pm EST.
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Mortgage Associates, Inc. is an FHA-approved Mortgage Broker (78225-0000-4) and is licensed in Maryland, Virginia (#MB-1038), Pennsylvania and Delaware. Mortgage Associates, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution.
Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, and home value. As a broker, we can arrange a loan with a third-party lender, but we cannot make, fund, or approve mortgage loans or guarantee rates. Not all programs are available in all areas.
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