Straight from the source, the HUD website offers an in-depth overview of the Home Equity Conversion Mortgage program and how it can benefit you.
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At Reverse Freedom we specialize in reverse mortgages! Our goal is to make certain that our clients have the knowledge they need to make an educated decision about a reverse mortgage. Knowledge is power!
Educating folks about reverse mortgages is our number 1 goal! We’re dedicated to keeping you informed, answering your questions, providing tools and resources to help you discover if a reverse mortgage is right for you.
After discussing your financial needs and objectives with us, HECM applicants participate in required HUD-approved counseling. There you’ll learn about the factors to consider before deciding whether a Home Equity Conversion Mortgage is right for you, including program or eligibility requirements, financial implications and provisions for the loan becoming due and payable. Upon completion of the counseling, you should be able to make an informed decision about whether the HECM will meet your specific needs.
Counseling Resource Area
You’ll participate in an information session given by an independent HUD-approved HECM counselor.
You can search online for a local HECM counselor right on the HUD website or call 800-569-4287 toll free.
You may also contact a HECM counselor from FHA’s National HECM Counseling Network. These counselors provide both face-to-face and telephone counseling nationwide.
Other HUD approved 3rd party counselors include the following:
Check out All of the Critical Online Information Resources Available to You
Here you’ll find a brief history of the FHA and how they’ve managed to help homeowners like you ever day since 1934.
Presented by the National Reverse Mortgage Lenders Association (NRMLA), this website is dedicated to educating potential borrowers about reverse mortgage products, explaining their benefits and ways to use them, describing the end-to-end process and outlining borrower requirement and responsibilities.
AARP is a non-profit, non-partisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment security and retirement planning. As a trusted source for lifestyle tips, news, information and education, AARP advocates for consumers by selecting products and services of high quality and value to carry the AARP name and provides a host of benefits, discounts, savings and education about jobs, health care, Social Security, Medicare, caregiving and financial products through AARP.org.
NMLS consumer access is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state and properly licensed.
The official reverse mortgage consumer booklet approved by the U.S Department of Housing & Urban Development. To learn more about NCOA, please visit NCOA.org