Call 251-602-0011

Frequently Asked Questions

Frequently Asked Questions

What is a Reverse Mortgage and who is eligible?

A reverse mortgage or home equity conversion mortgage (HECM) is designed for homeowners who are 62 years of age or older who want to access the equity they have in their homes without having to make monthly payments. The proceeds from these loans can be used for repairs to the home, to increase monthly income or to have available in a line of credit. Reverse mortgage counseling is required before applying for a loan. These loans are an excellent alternative for those who cannot afford to repay a traditional monthly loan payment.

Helping people find real solutions to real problems.

Consumer Credit Counseling Service (CCCS): Consumer Credit Counseling Service provides consumers in Southwest Alabama with assistance in managing personal finances, both preventive - for those wanting to avoid serious financial problems and rehabilitative - for those who are experiencing financial problems.

read our success stories