“Dear Steve,

70 years old, unemployed for 2 1/2 years, unemployment run out. 14 months left on mortgage, 3 credit cards in collections, 8 medications, medicare d which is going up, 2 strokes, little damage to self. have money from teaching pension going into account to pay mortgage and irs, state taxes, property, home, life, car insurance;

want to look into reverse mortgage and need a counselor. have no credit card to pay 125, have senior citizen phone with limited minutes and don’t know where to turn;

Pat”

The Answer

Dear Pat,

You can find a number of resources and links to reverse mortgage counselors by visiting the HUD page on Home Equity Conversion Mortgages for Seniors. There is also a tremendous about of housing counseling resources on this page as well.

You can also find contact information for non-profit agencies that are allowed to offer help on reverse mortgages by telephone. Click here for that information.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

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