Another requirement for a Reverse Mortgage is Reverse Mortgage Counseling.
Anyone seeking a reverse mortgage loan must undergo mandatory counseling from a HUD (the U.S. Department of Housing and Urban Development) approved counselor prior to actually applying for the loan. This counseling is essentially an in-person or telephone session that outlines how the process works and answers any questions you may have. This counseling program is not to determine qualification, it is designed to provide you with the information you need to make the best reverse mortgage decision for you and your family.
Call 1-888-973-8377 to speak with a Reverse Mortgage Specialist and setup a counseling session.
Friday, April 21, 2006
Reverse Mortgage Counseling
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