The Consumer Credit Counseling Service of Maryland and Delaware has some left over grant money and is using it to provide reverse-mortgage counseling for free until Aug. 31. Such counseling usually costs $125.

If you've been thinking of getting a reverse mortgage, you can call 1-866-731-8486 to make an appointment for counseling in person or over the phone. This deal is available to U.S. citizens in all states except for South Carolina and Massachusetts.

A reverse mortgage allows homeowners age 62 and up to tap the equity of their home. Instead of making payments on a loan, like with a traditional mortgage, the homeowner can receive a lump sum, line of credit or monthly check from the lender. The homeowner can remain in the house. The reverse mortgage is repaid when the homeowner moves or dies and the house is sold.

Counseling is required beforehand to make sure homeowners understand the risks.