Reverse Mortgage (HECM) Counseling
If you are considering a reverse mortgage, there are many important decisions to make. Among the biggest decision is determining whether a reverse mortgage is the best option for you. To assure that consumers are prepared and able to make informed decisions, the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) require completion of special counseling for FHA’s Home Equity Conversion Mortgage (HECM).
BALANCE offers the reverse mortgage counseling session required for FHA’s Home Equity Conversion Mortgage (HECM). We can meet with you one-on-one in our San Francisco office, via phone to provide this service.
Participants who complete our counseling session will have a better understanding of the features of a reverse mortgage; the impact a reverse mortgage will have on your personal situation; and whether there are alternatives to a reverse mortgage that might better suit your needs. If you decide a reverse mortgage is for you, the BALANCE reverse mortgage counseling session will satisfy the counseling requirement for the HECM.
Set up a counseling session today!
For more information, please contact a BALANCE counselor toll-free at 1-800-777-7526. You can also request information through our online form.