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Money for Senior Citizens

REVERSE MORTGAGE CERTIFICATION AND COUNSELING

Are you a senior who owns a home with high equity but has no cash on hand?
The reverse mortgage loan was established in 1989 and provides seniors with the option of borrowing against the equity in their homes. The loan is called reverse because under this type of loan the homeowner does not make payments. The loan is repaid when the homeowner becomes deceased, sells the property, or moves out permanently.

PCCA provides HUD certified counseling to seniors on Home Equity Conversion Mortgage, a reverse mortgage loan designed to let you tap the equity in your home without ever having to make regular payments. Many senior homeowners use the loan to stay in their property as opposed to being forced out. This allows the senior to make needed repairs, pay taxes, or realize additional income.