Reverse Mortgage Counseling
A reverse mortgage can be a powerful financial tool — but it's also one of the most consequential decisions a homeowner can make. Before you sign anything, make sure you fully understand what you're agreeing to.
HUD requires all reverse mortgage applicants to meet with a certified housing counselor before proceeding. That's not a formality — it's a protection. And at AHCOPA, we take it seriously.
What Is a Reverse Mortgage?
A reverse mortgage is a specialized loan available to homeowners age 62 and older that allows you to convert a portion of your home equity into cash. Unlike a traditional mortgage, no repayment is required while you remain in the home. The loan becomes due when the property is sold, transferred, or the primary borrower passes away.
For the right person in the right situation, a reverse mortgage can provide meaningful financial relief. For others, it can create serious problems — including foreclosure. The difference often comes down to how well you understand the terms before you sign.
What Our Counseling Covers
AHCOPA's reverse mortgage counselors hold the HECM (Home Equity Conversion Mortgage) certification — the highest standard in the field. In your counseling session, we'll walk you through:
- How reverse mortgages work and what the repayment triggers are
- Loan costs, fees, and their long-term impact on your equity
- Risks to watch out for, including situations that could lead to foreclosure
- How a reverse mortgage could affect a surviving spouse or heirs
- Alternative options that may better fit your situation
Our goal isn't to talk you into or out of anything. It's to make sure the decision you make is an informed one.
Frequently Asked Questions
How to Get Started
Call our office to schedule a reverse mortgage counseling appointment:
(215) 765-1221
The cost for reverse mortgage counseling is $169.
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