Reverse Mortgage for Purchase Counseling

HUD or PRIVATE REVERSE MORTGAGE
FOR PURCHASE
COUNSELING SERVICE

 

To do a Reverse Mortgage FOR PURCHASE a Counseling Session is required with  either a HUD or Proprietary Lender Authorized Counselor. The Counselor will explain the Program and Plans, draw up a budget, will ask questions to determine that you understand the Program and are consious of what you are doing.

.You must inform the Coiunselor of which FOR PURCHASE Program you are doing, whether FHA Or Private, prior to starting the counseling Session. If requesting the Private, you must inform Which Program.  The forms and Requisites are different and a a HUD Certificate will not be good for a Private OR Private for HUD. Private Counseling for one Private Lender might not be acceptable to another. Inquire…

Counselor will issue an Official Certificate either from HUD or the Lender, certifying that you have competed the process and that you understand what you are doing. There is no obligation to do the Mortgage.

The session lasts approximately 1 hour and it can be done by telephone or face to face. It costs around $125-$145. (face to face might be more expensive). It is paid directly to the Counseling Agency.

 

Request information to prepare for the Session and a List of Counseling Agencies in Florida and your Area

Act today. No cost or obligation