Before you can get a Reverse Mortgage, you have to receive counseling to see if a reverse mortgage is the right financial fit for you. Do you, and your home, have the right qualifications? Will a reverse mortgage benefit you? Will a reverse mortgage fit into your plans for your financial inheritance plans for your heirs? Will the amount available and the accrued interest actually benefit you in the long run?
You can locate Reverse Mortgage Counseling on the HUD Exchange. These are counselors who work nationwide. Click the image to find these counselors.
Your Senior Real Estate Specialist can also provide you information on how a reverse mortgage can effect your property specific to your location. Contact me for more information.