Ready to learn more about Home Equity Conversion Mortgages (HECM) and other types of Reverse Mortgages available?
HUD regulations require that the home owner(s) receive counseling/information about the implications of a reverse mortgage prior to application for a HECM or other types of reverse mortgages.
The counseling sessions which last between 30 minutes to 1 hour cover: options available other than a reverse mortgage; presentation of the full financial implications of entering into a HECM; disclosure of tax consequences and possible changes of eligibility under state and federal programs and determination whether or not the home owner has entered into an estate planning contract (HUD regulations limit participation in these programs). These sessions are structured to provide information only; all final decisions are the responsibility of the home owner(s).
The following persons are located in your area. The service is supported by the Federal Government. We encourage you to call for an appointment right now: Please call 630.712.2021 for more details.
