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Reverse Mortgage & Home Equity Conversion Counseling

A Home Equity Conversion or Reverse Mortgage is designed to assist primarily senior homeowners (as defined by the participating lender), to be able to spend the equity in their home while still continuing to live there. In order to receive this type of mortgage, homeowners are required to receive counseling specifically designed to educate the homeowner on the options available under a reverse mortgage. Counseling is delivered through HUD-certified Home Equity Conversion Counseling organizations.

Contact
For more specific Home Equity Conversion or Reverse Mortgage Counseling information, call the Home Ownership Center at 651-659-9336 or 888-HOC-MINN. Or visit their website at www.hocmn.org to find an organization offering counseling near you.