HUD certifies housing counselors around the country to provide homeowners with impartial education about reverse mortgages. Reverse mortgage counseling is a mandatory part of the reverse mortgage application process and is typically completed just after completing an application for a reverse mo...

02/28/2014

Pros and Cons of a Reverse Mortgage

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Pros of Reverse Mortgages Allows the homeowner to stay in the home. Can pay off existing mortgages on the home. Simple to qualify for because no minimum credit score and generally no income requirements. No monthly mortgage payments are due for as long as the homeowner lives in the home and meets...

02/28/2014