The reverse mortgage is guaranteed by the Federal Housing Authority (FHA).
Because of some bad business being done by insurance and mortgage companies, the FHA is now requiring all seniors wanting a reverse mortgage to have counseling. The FHA wants to make sure that seniors understand what a reverse mortgage is and how it can affect them.
There are FHA certified counseling counselors who … (1 comments)
Reverse Mortgage Counseling is a requirement for all seniors seeking to obtain a reverse mortgage. Many seniors know they want a reverse mortgage and become frustrated when they are told they have this requirement before they can proceed. 
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