Reverse Mortgage Counseling

Helping you make an informed decision.

HODC’s HUD approved Housing Reverse Mortgage Counselor meets FHA requirements and is here to help you decide what is best for you.

You will:

develop an individualized action plan
feel more confident and prepared in making your decision
have your questions answered

How to get started.

Please contact us at 847-564-2900 to find out how we can help and to set up an appointment

Vickie BureshMortgage Counselor

vburesh@sbcglobal.net

What is a reverse mortgage?
A reverse mortgage allows homeowners aged 62 and older to convert a portion of their home equity into cash while they continue to live at home–provided certain loan obligations are met. If you or an older adult you know is considering a reverse mortgage, you must receive counseling from a government-approved agency.

What do reverse mortgage counselors do?

Reverse mortgage counselors are professionals approved by the U.S. Department of Housing & Urban Development (HUD).
Reverse mortgage counselors
- perform a financial assessment to assure a robust discussion of needs and considerations
- explain how reverse mortgages work, including payment options and costs
- discuss benefits and drawbacks
After completing the mortgage counseling session, a certificate is given that is required as part of the loan application. The goal is for the consumer to understand their options and make an informed decision on whether a reverse mortgage is right.

Home is a chance to put down roots, grow family, and invest in your future.

Affordable housing provides hope in the face of high housing costs that would otherwise put individuals and families at risk of eviction, foreclosure, and homelessness.