Steps in a Reverse Mortgage

Awareness- Potential borrowers can learnabout Reverse Mortgages from news artciles,advertisments,word of mouth and probabaly the best way is searching the web for information.

Education-Potential borrowers can contact a Reverse Mortgage lender or the National Reverse Mortgage Lenders Association to learn more about Reverse Mortgages.

Counseling- Potenial borrowers are required to meet or talk witha HUD-approved counseling agency or a national counseling agency such as AARP (800-698-8085). Counseling is required for all reverse mortgages and may be conducted face to face or by telephone.

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