Reverse Mortgage HUD Counseling is mandatory for all 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. Kim and Des review the mandatory Reverse Mortgage HUD Counseling guidelines.
Reverse Mortgage HUD Counseling: – Is conducted by a neutral third party – Is there to protect the consumer – Is a unique feature of Reverse Mortgage
Listen to Kim and Des share some real life stories to learn why this is such an important part of a Reverse Mortgage Loan.