User59605_2_t Lora Leasure, Notary Signing Agent Brandon~Riverview~Tampa
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Can anyone explain the changes (in a nutshell) for fees that can be charged for Reverse Mortgage Counseling?

I am now hearing that HUD is "requiring" the fee to be paid up front?? I don't want to pass along incorrect information but I received it from a mortgage company today.

Does this apply to ALL counseling agencies or are there still agencies out there that are offering free of charge?

Not only that but I'm told the fee is up to $125.00-how is that based? Is this based on income level and if so, what are the limits, etc?

Does anyone know the straight of it?

 

Lora

 
Post is included in group: All About Mortgages/Mortgage Networking
Post is included in group: All Things Florida
Post is included in group: Reverse Mortgage Lending
Post is included in group: Reverse Mortgage Specialists
Post is included in group: Reverse Mortgages - The Good, The Bad & The Ugly

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Notary: Lora Leasure, Notary Signing Agent Brandon~Riverview~Tampa (True Color Services, LLC)
Lora Leasure, Notary Signing Agent Brandon~Riverview~Tampa
Tampa, FL
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True Color Services, LLC

Office Phone: (813) 486-1900
Cell Phone: (813) 486-1900
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