Reverse Mortgage Counseling

Senior citizens who received reverse mortgage counseling, a male and female, embrace on a beach.

If you’re at least 62 years old and have substantial equity in your home, you could be a candidate for a reverse mortgage.  If you or a family member is considering a reverse mortgage, contact GreenPath to learn the pros and cons.

A reverse mortgage is a loan against the equity in your home that you do not have to pay back as long as you live there. It essentially enables you to turn the value of your home into cash without having to move or make loan payments.  However, a reverse mortgage can be an expensive loan that reduces or eliminates your home equity.

Just because you qualify doesn’t mean a reverse mortgage is your best option.  In order to be considered for a reverse mortgage, the U.S. government requires that you participate in a reverse mortgage counseling session with an approved non-profit agency like GreenPath.  Reverse mortgage counseling can be completed over the phone or in person.

We will explain how reverse mortgages work, including payment options, costs, tax implications, benefits and drawbacks.  After completing the mortgage counseling session, you will receive a certificate that lenders require as part of the loan application.  Our goal is to help you understand your options so you can make an informed decision on whether a reverse mortgage is right for you.

We can also assist you if you already have a reverse mortgage and are having trouble paying your taxes or insurance.

AARP Reverse Mortgage Info

Click here to download a copy of AARP's educational booklet called Reverse Mortgage Loans: Borrowing Against Your Home.

NCLC Reverse Mortgage Info

Click here to download a copy of reverse mortgage tips published by the National Consumer Law Center.

GreenPath Frequently Asked Questions Graphic


How much does it cost for reverse mortgage counseling?
GreenPath offers reverse mortgage counseling for a very reasonable fee of just $135. Grant funds available through the Department of Housing and Urban Development (HUD) allow us to keep our services affordable and accessible. HUD prohibits lenders from paying the fee for applicants.

Does GreenPath provide reverse mortgage loans?
No, GreenPath is not a lender and is not involved in the lending transaction.  We are an impartial educational resource to help seniors and their family members make an informed decision.

Does GreenPath receive support from reverse mortgage lenders?
No, we do not receive any payment or consideration from reverse mortgage lenders.  Non-profit housing counseling agencies are not permitted to receive money or direct referrals from reverse mortgage lenders.

Who should attend a Reverse Mortgage counseling session?
All persons on the deed must be counseled. It is important that all parties involved understand everything associated with a reverse mortgage. We believe it is a good idea for the family to sit down together and discuss their wants and needs for a reverse mortgage prior to this session. HUD requires spouses of borrowers to be counseled, even if they will not be borrowers.  We also encourage attendance by other family members and/or professional advisors who may be of assistance to the borrower.  HUD strictly prohibits lenders from attending the counseling session.

I took out a Reverse Mortgage awhile back, but am having difficulty staying current with my property taxes. Can you help?
Yes. We will go through a complete financial assessment with you and explain your options. Lenders are often willing to work with homeowners in order to avoid foreclosure.

Meet Adrian, a team leader in the account maintenance department.  He's been with GreenPath since 2007.  "I love helping our clients become debt free because I know I'm making a difference in their lives.  It's such a great feeling to see them succeed.  And it's a pleasure to work with such an awesome, talented and professional group of individuals."