What is a Counseling Certificate?
Reverse Mortgage Counseling
To qualify for the Reverse Mortgage you are required to meet with an
independent reverse mortgage counselor. This free counseling session will help
you determine whether a reverse mortgage is right for you. The counseling
session can be done either in person or on the telephone, and family or trusted
friends are encouraged to participate. At the end of the meeting you will
receive a Certificate of Borrower Counseling.
Please call 1-888-973-8377 for a list of qualified counselors in your area.
Some lenders, officers, and professionals also refer to counseling as HUD Counseling. So if you hear someone say HUD Counseling, it is the same process for qualifying for a reverse mortgage.
Source: Reverse Mortgage Lead
Free Reverse Mortgage Analysis
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