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

KATHIE ADLER - Senior Reverse Mortgage Specialist
Over 12 years Reverse Mortgage Experience
Mortgage Loan Originator -New York - New Jersey - NMLS 65780
Call Kathie: 1-888-843-9797 - Cell: 631-804-9044
Advisors Mortgage Group, LLC
1045 Route 109, Suite 104, Lindenhurst, New York 11757
  www.ReverseMortgageLI.com www.AdvisorsMortgage.com
Reverse Mortgage New York, Reverse Mortgage Jersey
NJ Reverse Mortgage - Answering Your Questions!!

Understanding Reverse Mortgages is possible!  Reverse Mortgage Helpline provides information about Reverse Mortgages... Free Reverse Mortgage seminars and in home consultations help provide senior homeowners with factual information about possible retirement or the financial benefits of a Reverse Mortgage. Reverse Mortgages are sometimes called senior mortgages for senior citizens. Advisors Mortgage Group, LLC is a Multi-State Mortgage Banker with Headquarters located in Central New Jersey with offices throughout the US.  Headquarters: 1411 Highway 35, Ocean, NJ 07712. New York Mortgage Broker License: 206697.  Licensed by the N.J. Department of Banking and Insurance.  Licensed Lender and Secondary Mortgage Lender no. 631155.  (FHA License #1548300002). Advisors Mortgage NMLS 33041, Licensed Mortgage Banker-NYS Department of Financial Services, Registered Mortgage Broker-NYS Department of Financial Services. Kathleen Adler, Mortgage Originator, NMLS Identifier 65780. Website designed and maintained by Adler Web Design Copyright 2008 - All Rights Reserved. Note: Website authorization by New York State Dept. of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.