reverse mortgage counseling certificate

What is a Reverse Mortgage? A Reverse Mortgage can assist in providing a tax-free cash flow to eligible homeowners 62 years of age or older. It is a unique loan used to convert a percentage of home equity into available cash. A reverse mortgage can provide seniors financial independence and the ability to age longer in their home.

10 down payment mortgage refinance mortgage 15 year fixed 15 year refinance mortgage rates: Are they the right deal for you? – How a 15- year fixed mortgage refinance works. 15-year mortgages work similarly to any other fixed rate loan with one important difference – they take less time to go away that a traditional 30-year fixed mortgage.

Reverse Mortgage Counseling | Home Equity | NCOA – Reverse mortgage counseling can be completed over the phone or in person. Reverse mortgage counselors will explain how reverse mortgages work, including payment options, costs, tax implications, benefits and drawbacks. After completing the mortgage counseling session, you will receive a certificate that lenders require as part of the loan.

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Reverse Mortgage Counseling Services | MMI – Reverse Mortgage Counseling. A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a type of loan that allows homeowners 62 and older to convert part of the equity in their homes into tax-free income.

Reverse Mortgage Counselors | Mass.gov – The following is the list of reverse mortgage counseling programs approved by the Executive Office of Elder Affairs to provide required reverse mortgage counseling to Massachusetts residents. American Consumer Credit counseling 130 rumford ave, Suite 202 Auburndale, MA 02466-1371 866-826-7180 Scott Withiam, Housing Counseling Supervisor

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