High Plains Community Development Corporation

Reverse Mortgage Counseling Quick Facts about Reverse Mortgages:

* All borrowers must be 62 years of age or older

* Borrowers retain ownership and must occupy the home

* No monthly mortgage payments

* Repayment is not made until the home is sold, the last borrower moves out or passes away

* You will never owe more than the fair market value of your home at the time the loan comes due

* No income qualification

* Interest is paid at the time the loan is paid

* When the loan is due, your heirs have choices

* Social Security benefits and Medicare are generally not affected by a Reverse Mortgage

* Closing costs and fees incurred can be financed as part of the loan

If you would like to learn more or have other questions please call

Rita Horse at 308.432.4346 ext. 1 or Toll Free 866.432.4346 ext. 1

High Plains Community Development is a HUD approved / AARP Network Counseling Center