Reverse Mortgage Counseling
Explains the required HUD-approved counseling session. An independent, HUD-approved counselor reviews how reverse mortgages work, the costs, and the alternatives, to make sure you can make an informed decision. It is a consumer-protection step — not a sales pitch — and is required before you can proceed.
Key points
- Required, independent HUD counseling
- Reviews costs and alternatives
- A consumer-protection step
- Confirms you're making an informed choice