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Reverse Mortgage
Counseling
Several
safety features are built into the FHA Government
insured reverse mortgage. One of those is independent
third-party counseling. This is
accomplished in person
or by
telephone. You now have the option of completing the
counseling and application by telephone and mail.
A counselor will call the reverse mortgage
applicant's to ask questions and possibly make
recommendations regarding borrowing and financing
options.
After
consulting your loan specialist you
may go ahead and call
1-(800)-364-5597 or 1-(866)255-2227
to complete
telephone counseling or contact your
loan officer to
obtain locations where counseling is performed
in person
in your area. The counseling certificate is valid for
180
days and may be used with any lender you choose.
Following the
counseling session, an FHA Certificate of
Counseling will be mailed to the app licants to be
included in the reverse mortgage application
file. Please ask the Counselor to also Fax a copy of the
completed Counseling Certificate to us Toll Free at
the fax number listed below.
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