HUD-certified counselors provide mandatory counseling for seniors (62 years old and older) who wish to remain in their homes by converting available equity. The counseling is designed to empower seniors to knowledgeably make decisions about their future and to avoid predatory lending practices. A certificate is issued at the end of the session to allow seniors to obtain this financing. There is currently a fee of $125 for this counseling.
We are in the process of having a certified counselor, please check with our office at 815-338-5757 first to see if we are able to provide this service yet.