Reverse Mortgage

If you are a homeowner who has reached the age of 62 or older and in need of more income to meet your financial hardships, then a reverse mortgage may be the answer.

A reverse mortgage is a loan against your home equity, providing you with a cash advance that requires no repayment until a future time.

The Home Equity Conversion Mortgage, also referred to as HECM, is the only reverse mortgage insured by the US Federal Government. The Federal Housing Association requires a counseling session before you can apply for a HECM loan.

Reverse mortgage application form, financial concept

Our HUD certified HECM Counselor provides a face-to-face counseling session to explain the pros and cons of this complicated loan.

The session will provide you with all the information you need on how a reverse mortgage works, the cost involved, payment options, an analysis of your financial situation and any other options that are available to help you make an informed decision.After the session you will be provided a certificate of completion which is required by your lender for a HECM loan application.

To Schedule An Appointment, Call Margherita Diaz at ext. 205


* There will be a $125 fee for the Counseling Session, which will only be paid if you go to closing.

If you need assistance accessing information through an alternative means, please be aware PCHC offers free interpretive services. The hearing impaired can call TDD Relay number 711 for assistance.

Our office is handicapped accessible. If you need assistance for mobility impairments or other disabilities please contact the office via email at or by phone (845)225-8493 prior to your appointment to ensure accommodations are in place.

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