Texas Reverse Mortgage Counseling
Guilde to Reverse Mortgage Counseling in Texas
Before obtaining a Texas Reverse Mortgage, all applicants must meet with a certified home equity conversion loan counselor. These individuals are certified by HUD and FHA to provide services on the Home Equity Conversion Mortgage, or Reverse Mortgage loan, as well as other home senior conversion loan products. Many of them provide free reverse mortgage counseling, and all approved by the American Association of Retired Persons, a strong advocate for senior conversion home loans.
Meeting with the counselor is not only required, but important for the borrower to gather unbiased information regarding the senior home conversion loan and other possible options. The counselor can advise if the fees being charged for the loan are too steep and they can confirm the amount you are eligible to borrow. The Reverse Mortgage loan consultation process is there to help you, so it should not be viewed as a hassle. To locate a counselor near you, you can call our office or Contact Us online.