Seminar planned on reverse mortgagesECHO Housing, a nonprofit housing counseling agency, will hold a free seminar at the Pleasanton Public Library in May on reverse mortgage opportunities.
ECHO Housing to discuss program at May meeting in library
A reverse mortgage is a loan against home equity that provides cash advances to a homeowner. No repayment is required until the end of the term, or when the home is sold.
ECHO representatives said that many of today's reverse mortgages allow homeowners to reside in their homes for the rest of their lives, even if they outlive the value of their homes.
Cherisse Baptiste, an Alameda County reverse mortgage counselor, will conduct the seminar, which will be held at 1 p.m., Wednesday, May 23, in the library's community meeting room at 400 Old Bernal Ave.
The seminar is free and will be open to the public.
For more information call Baptiste at 510-581-9380, ext. 19.