Delta Trust & Bank - Moore Mortgage -

A reverse mortgage from Moore Mortgage is an exceptional financial tool that allows homeowners ages 62 and over to draw against their home's equity. The funds are tax-free and no repayment is required until the homeowner permanently leaves the home. For more information on reverse mortgages or to see if a reverse mortgage is right for you, please call 1-800-235-7703 or e-mail us for more information.

Frequently Asked Questions:

Will I continue to have monthly payments?
You will no longer have monthly payments. You may receive proceeds as monthly income, a lump sum or a line of credit.
Can I end up owing more than my house's value?
You can never owe more than your house is worth.
Is there a chance I may lose my house?
With a reverse mortgage, there is no risk of losing your home. You will continue to remain the title holder and retain ownership.
Will I owe taxes on the proceeds?
Reverse Mortgage loan proceeds are not considered income and will not be taxed or affect Social Security or Medicare benefits.
Are there any restrictions on how I use my Reverse Mortgage proceeds?

Reverse Mortgage proceeds can be used for anything:
• Home Repairs
• Medications/Medical Bills
• Credit Card Bills
• Automobile
• Gifts to Children - college expenses, new home, etc.
• Travel - Enjoying Life!

Prior to any documents being processed, all applicants must receive a Certificate of Counseling from the following approved agencies:

National Foundation for Credit Counseling
Toll Free Number: 1-866-698-6322
Counselors are available from 6:30 a.m. to 7:00 p.m. CST Monday through Thursday, and on Fridays from 8:00 a.m. to 5:00 p.m.

Money Management International
Toll Free Number: 1-877-908-2227
Counselors are available from 5:00 a.m. to 7:00 p.m. Monday through Friday

AARP
The AARP counseling website is: http://www.hecmresources.org . At this website, please choose the "USA Map" option to search counselor availability by state.
Toll Free Number: 1-800-209-8085
Counselors are available Monday through Friday from 6:00 a.m. to 11:00 a.m. CST.

Family Service Agency - CCCS
300 South Rodney Parham, Suite 6
Little Rock , AR 72205
Phone: 501-219-2208
Toll Free: 1-800-255-2227
E-mail Address: wcohns@fsainc.org

Family Service Agency - CCCS
628 West Broadway, Suite 203
North Little Rock , AR 72114
Phone: 501-753-0202
Toll Free: 1-800-225-2227
E-mail Address: wcohns@fsainc.org

In Affordable Housing, Inc.
1200 John Barrow Road, Suite 203
Little Rock , AR 72205
Phone: 501-221-2203
E-mail Address: ihousing@sbcglobal.net

For more information on reverse mortgages or to see if a reverse mortgage is right for you, please call 1-800-235-7703.