There are protections in place to protect consumers when getting a reverse mortgage. The HUD Counseling is mandatory for people seeking reverse mortgages. “HUD stands for Housing and Urban Development and the counseling is in place to protect the consumer” Says Kim.
In this interview Kim Dodge talks with her colleague Des Lenz, who is the Director at the American Pacific Reverse Mortgage Corporation, about the Counseling guidelines.
Listen to Kim and Des share some real life stories to learn why this is such an important part of a Reverse Mortgage Loan.
Reverse Mortgage HUD Counseling:
– Is conducted by a neutral third party
– Is there to protect the consumer
– Is a unique feature of Reverse Mortgage
Contact Kim Dodge for more information on Reverse Mortgage
Click Here – Happy Reverse Mortgage Clients
Kim Dodge has over 8 years of experience as a Reverse Mortgage Specialist with Usher Financial Group.and is a license mortgage lender, nmls 186099. Usher Financial Group a division of American Pacific Mortgage Corporation nmls 1850
Des Lenz is the Director of American Pacific Reverse Mortgage Corporation, NMLS 212971, CA BRE 01140423
Usher Financial Group is a division of American Pacific Mortgage Corporation NMLS 1850. A Reverse Mortgage is a loan that must be re-paid. Homeowner is responsible for taxes, home owners insurance, maintenance of home, HOA dues and must be a primary residence. Eligible non-borrowing spouse may be under 62 years old. These materials are not from HUD or FHA. This document was not approved by the Department or Government Agency. Equal Housing Opportunity