Your counselor will help you find lenders in your area who have mortgage products that fit your specific needs and provide information regarding down payment assistance if it is available. If your are one payment or more behind in your rent, mortgage or utilities, you need to seek help immediately to prevent eviction, foreclosure or the disconnection of your utility services. In some cases, limited emergency financial assistance may be available. To reach a CCCS of Central Florida and the Florida Suncoast, Inc. office, please refer to the branch listings . Retirement and Social Security income is not always enough for senior citizens to make ends meet.
Many financial institutions offer a reverse equity mortgage product .
If you are 62 or older, own your home or have a small mortgage, are the primary resident of your home and do not plan to leave the property to someone after your death, you may benefit from a reverse equity mortgage. A CCCS of Central Florida and the Florida Suncoast, Inc. counselor can help you determine if it is a viable and smart option for you.