No matter which reverse mortgage you choose, there is a counseling requirement. This counseling is very helpful.
To be eligible for a federally insured Reverse Mortgage, you must discuss the loan with an independent third party counselor approved by HUD (the U.S. Department of Housing and Urban Development or FHA). We will provide you with a list of FHA-approved counselors in your area.
HUD regulations require that the home owner(s) receive counseling/information about the implications of a reverse mortgage prior to application for a Reverse Mortgage. The counseling sessions last about one hour and cover:
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Copyright ©2011 Mail to: Approval Reverse Mortgage, 7174 S St Paul Street, Centennial, Colorado 80122 NMLS #167443
Approval Reverse Mortgage is regulated by the Division of Real Estate
These materials are not from HUD and were not approved by HUD or a government agency
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