Tag Archives: HECM Counseling
Reverse Mortgages: Benefiting Both Parents and Children
For many seniors, the worry behind getting a reversed mortgage is burdening the children. Here are 10 facts about reverse mortgages, and also to address some of the fears behind qualifying for one.
Why do I have to do Reverse Mortgage counseling?
The HECM Counseling session is a mandatory part of every Reverse Mortgage transaction and is an important step in ensuring that the Reverse Mortgage remains a consumer friendly product.
The Reverse Mortgage is a very complex financial tool and unlike a 30 year fixed rate home mortgage, most people don’t really understand how it works. [...]
What do I need to do if my wife/husband is not age 62 and can I still do a reverse mortgage?
Very often we will see two clients that wish to apply for a Reverse Mortgage but one of them will not be over the age of 62. I would like to address this issue and explain how a Reverse Mortgage can still be obtained in this situation and also what the ramifications of that [...]