The FHA Reverse mortgage is starting to become more self-evident. We are seeing more celebrities endorsing the FHA reverse mortgage for different companies. The baby boomers are getting to the age where they are eligible for a reverse mortgage. Let's face some facts that are real. People take advantage of Senior Citizens. They are a target for a lot of con artists. I recently met with a senior center and I was encouraged to hear some of the advice they were offering to their attendees. One in particular was no "Free lunch invitations". We have always heard there is no such thing as a free lunch. There have been some studies and they concluded that quite a bit of the con artists pitching scams offer a free lunch.
The FHA Reverse mortgage requires a hud sponsored counseling session before you can get a case number and start the process on a new reverse mortgage. This is a great form of protection against unscrupulous brokers and lenders. It is an educational session done with a Hud approved organization that has no financial ties to the loan or its closing.
It is a great way to gather information about the FHA reverse mortgage and to get educated before you begin the process.
As always, if you have any questions or would like to get an analysis of your situation or your parents situation, please contact me via phone or email.
Sincerely,
www.truthaboutFHAreversemortgages.com
Noah Burford
949-278-9244 cell phone
noahb4@gmail.com
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