Reverse Mortgage Information: Understanding Reverse Mortgage Counseling
To qualify for a federally-insured reverse mortgage, also known as an HECM, seniors are required to complete one HUD-approved counseling session. This is one aspect of the loan process that tends to make seniors nervous. The term âcounselingâ can be a little intimidating. Fortunately, these meetings are much more casual and entirely more valuable than many people automatically assume. rnWhat Seniors Should Expect During Counseling The term âHECM counselingâ is somewha