Through HUD, the U.S. Government
developed the reverse mortgage program
to help seniors live out their golden
years in their own home without undue
financial worries. The last thing the
government wants is a program where
seniors are financially abused. For that
reason, the U.S. Government has
implemented the following safeguards:
(1) Mandatory Counseling: Anyone that
gets a HUD sponsored VFW Reverse
Mortgage must complete a HUD approved
counseling session, either over the
phone or in person at a HUD approved
counseling service. The purpose of this
counseling is to make sure that you are
clear on the ins and outs of a reverse
mortgage, and that a reverse mortgage is
a good plan for you. We will help you
schedule your counseling at your
convenience.
(2) Fees and interest are capped: To
ensure seniors are not taken advantage
of, all reverse mortgage interest rates
and fees are capped by U.S. Government.
The U.S. Government regulates the fees,
closing costs and the interest rate that
you can be charged on a reverse
mortgage. It is of the utmost concern to
the U.S. Government that seniors not be
subjected to either undisclosed fees or
high fees and expenses.
Find out how much you can get from your home
…
Call me today! 1.866.784.7300
Be sure to ask for your $200 VFW Discount
