As the only national aging organization that provides reverse mortgage counseling, NCOA brings a unique approach to helping older homeowners examine all of their options when it comes to staying independent. HUD requires that all counselors use NCOA's free, confidential BenefitsCheckUp® ( www.BenefitsCheckUp.org) service to determine if reverse mortgage clients are eligible for an array of benefits that could help them pay for everyday expenses like food, medicine, and utilities.In addition, NCOA offers other tools to help older homeowners make the most of their home equity, so they can stay economically secure while maintaining their independence for as long as possible. These include:
- Home Equity Advisor ( www.HomeEquityAdvisor.org): Developed with a grant from the FINRA Investor Education Foundation, this website offers a free Quick Check for older homeowners who want to explore how they can use their home equity to meet their retirement goals and avoid scams.
- Reverse Mortgage Counseling Services Network ( www.ncoa.org/RMCounseling): NCOA's trained counselors help older adults understand the costs and features of different types of reverse mortgage and evaluate the pros and cons for their individual situation. They also discuss other options, including public and private benefits, which can help seniors stay independent longer. HUD has approved NCOA as one of nine reverse mortgage counseling intermediaries.