Posts Tagged ‘free reverse mortgage counseling’

Reverse Mortgage: New Counseling Requirements

The U. S. Department of Housing and Urban Development (HUD), now requires that homeowners interested in pursuing a Home Equity Conversion Mortgage (HECM) receive information about reverse mortgages from a counselor. This ensures that homeowners fully understand the implications of a Reverse Mortgage on their home before they commit, and to ensure that the lender [...]

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