Choosing A Counselor

 

To be eligible for a federally insured Home Equity Conversion Mortgage (HECM), you must discuss the loan with a counselor employed by a nonprofit or public agency approved by the U. S. Department of Housing and Urban Development (HUD).

The first step in the reverse mortgage process is an in-depth meeting with Harry to determine if a reverse mortgage is right for you. Expect this meeting to last at least two hours. We encourage you to invite any family members to this meeting. The next step is HUD counseling conducted by a HUD-trained counselor.

Who Can Request Counseling

The homeowner or the owner's authorized legal representative can request reverse mortgage counseling. Authorized legal representatives can be a guardian, conservator, or a person holding a durable power of attorney who has been authorized to act in this matter by the owner.

Choose a Counselor

State by State Approved HUD Reverse Mortgage Agencies

• http://www.hud.gov/offices/hsg/sfh/hecm/hecmlist.cfm

AARP

• 1-888-our AARP www.aarp.org/revmort/

National Reverse Mortgage Lenders Association

• www.nrmla.org

Still Can't Find A Counselor Near You!

• Email or call Harry on (800) 486-8786 extension 709 for an up to date list of counselors.