What to Expect When You Attend
Reverse Mortgage Counseling for HECM       

More Details About Reverse Mortgage Counseling - click here!

Your counseling will last about one hour, and depending on your questions may take longer. Be sure to write down your questions for the counselor and any concerns you may have.

The purpose of Reverse Mortgage counseling is to help you make an informed decision. Your Reverse Mortgage counselor will discuss the Reverse Mortgage program with you and review alternatives. Your counselor will go over your budget to see if a Reverse Mortgage is the right vehicle to suit your needs.

After your HECM counseling is finished your Reverse Mortgage counselor will issue a Reverse Mortgage Counseling Certificate which your counselor will sign. You will also sign and date the certificate at your leisure. (If you receive counseling by phone your certificate will be mailed to you.) You will then provide this certificate to your Reverse Mortgage Specialist, and you will retain a copy. Once your Reverse Mortgage Specialist receives your HECM counseling certificate the process can begin and an appraisal of your home can be ordered. NOTE: There is a fee for Reverse Mortgage counseling depending on funding from the federal government. Check with each agency regarding this fee of $75-125).

Who Can Attend Reverse Mortgage Counseling? Family members may be present at Reverse Mortgage counseling. You may also invite a friend to come along. In cases where there is a Power of Attorney and the borrower is unable to attend counseling, the Power Attorney will attend the counseling. If the borrower is unable to sign THE documents or is unable to understand the process due to an illness, the Power of Attorney will sign the documents at application and closing. A copy of the Power of Attorney must be provided to your counselor. To find a HECM counselor in your area, click here for HUD.gov.

About Reverse Mortgage Counseling
Reverse Mortgage Counseling is required to obtain a Reverse Mortgage. You can attend your counseling in person at a local HUD approved counseling office or you can receive Reverse Mortgage Counseling by phone. Your Reverse Mortgage counselor is familiar with the basic Reverse Mortgage products. Counselors are not loan officers nor do they represent any particular lender; they are an independent HUD approved counseling agent.

Alternatives to Reverse Mortgages from AARP's websote:

• "Low-Cost Public Loans (used for home repairs for low to moderate incomes)

• More Costly Private Loans

• Public Benefits: Government programs that may be a better choice than reverse mortgages.

• Seriously Consider Selling"

Click here for AARP's website.

Click here to find a Reverse Mortgage Counselor

Reverse Mortgage Safeguards

Free Reverse Mortgage Information, call 1-888-843-9797

We Tailor Loans to Meet Your Needs
Toll Free: 1-888-843-9797 - KATHIE ADLER
SENIOR REVERSE MORTGAGE SPECIALIST
resident of Long Island for over fifty years!

Kathie lives on Long Island and serves the Long Island, New York,
and New Jersey area providing free consultations to seniors.

5114 Route 33, Wall, New Jersey 07727
PH: 1-732-292-3133 - Fax: 732-960-2330
www.AdvisorsMortgage.com

Reverse Mortgage Long Island is helping Senior Homeowners with Reverse Mortgages in Long Island, Nassau, Suffolk, Queens, Bronx, Brooklyn, Manhattan, Staten Island, Westchester, New York, New Jersey (LI, NY, NJ) Advisors Mortgage Group, LLC, a Multi-State Mortgage Banker with Headquarters located in Central New Jersey and offices throughout the US. Headquarters: 5114 Route 33, Wall, NJ 07727. N.Y. Mortgage Broker License: #206697. Licensed N.J. Dept of Banking and Insurance. Licensed Lender and Secondary Mortgage Lender # 631155. All NY loans arranged through third party providers. (FHA License #1548300002)- Kathleen Adler - NMLS Identifier #65780 (Nationwide Mortgage Licensing System). Website Design by Adler Web Design.com - Copyright 2006 - All rights reserved..