Mississippi Reverse Mortgage Counseling
What can I expect to learn from my housing counseling appointment?
Accredited housing counselors work with seniors to help them evaluate the viability of a reverse mortgage loan by looking at the borrowers:
- Current budget
- Monthly income
- Loan risks
- Loan benefits
- Interest rates
- Associated fees
HUD-approved HECM housing counselors are required to use loan comparison and analysis software that meets the requirements established by the AARP. Certified counselors must also adhere to the AARP Foundation Reverse Mortgage Education Project counseling policies and procedures. Because it is their job to help insure that you are making a responsible financial decision, they may also review financial options with you.
The AARP Foundation Reverse Mortgage Education Project regulates a national network of HUD-approved HECM housing counseling agencies by administering the exam that certifies counselors for HUD-approved HECM housing counseling agencies. HUD's National HECM Counseling Network consists of the exam's highest scoring counselors. That means that that you can be sure that they are charged with looking out for your best interest.
Home Equity Conversion Mortgage Counseling Providers– National
NFCC – National Foundation for Credit Counseling – (866) 698-6322
MMI – Money Management International - (877) 908-2227
AARP- (800) 209-8085
NCOA – National Council on Aging – (800) 510-0301
Credibility of Atlanta (CCCS of ATL) – (866) 616-3716
Home Equity Conversion Mortgage Counseling – Local/Area
Family Services Agency - CCCS
7075 Golden Oaks Loop West, Suite 12
Southaven, MS 38671
Phone Number: (662) 536-4931
Consumer Credit Counseling of Arkansas
P.O. Box 10290
Fayetteville, AR 72703
Toll-Free: 1-800-889-4916
Website: http://www.ccoacares.com
Housing Education and Economic Development, Inc.
3405 Medgar Evers Blvd.
Jackson, MS 39213-6360
Phone: (601) 981-1960
Website: www2.netdoor.com/~heed/
CCCS of Greater New Orleans, Inc.
1018 North Gloster, Suite H
Tupelo, MS 38804
Toll-Free: (800) 850-2227
Website: www.moneymanagement.org
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