Counselor’s goal is to help homeowners understand options to make an informed decision.
Home Equity Conversion Mortgage (HECM)
A Home Equity Conversion Mortgage (HECM) loan allows homeowners to access a portion of their home equity as cash. During the counseling session, the HUD Certified Housing Counselor will discuss how reverse mortgages work, how to maintain in good standing with your loan, costs associated with a reverse mortgage loan, financial and tax implication, your alternatives and your payment options. A certificate is issued at the completion of your counseling appointment.
A HECM loan requires that you complete a HECM counseling session, with a HUD Certified Housing Counselor. We are offering this session FREE for Homeowners that own a property in California. Fill out the form to the right or give us a call to make your appointment! Phone and virtual appointments available.
"I have a space now where my kids can live better, have a place to do their homework and have a better quality of life"
"My experience with NeighborWorks Orange County as a first-time home buyer was wonderful! Without NWOC, I wouldn't have reached my goal. Their team's communication was fantastic, and the process was fast! Thank you!"
"Hace seis años por su conducto compré un condominio en Tustin, Ca.y l verdad que estoy bien satisfecho con los programas que me ofrecieron y contrataron. Six years ago I bought a condominium in Tustin, Ca., and I am really satisfied with the programs they offered me."
"My NWOC loan officer was very helpful in telling me where we were in the process. That was great!"