CU Mortgage counselors can help the consumer understand the benefits and
disadvantages of a Reverse Mortgage. This kind of mortgage can be quite
useful for consumers who want to utilize the built-up equity in their home
for living expenses in their mature years. Counseling is mandatory for
anyone choosing a Home Equity Conversion Mortgage, also known as HECM. We
can offer guidance on issues such as: the disposition of property after the
death of the mortgagee, the rights of heirs to the estate, how equity is
reversed, and how payments are disbursed.