If you have a question on Texas Reverse Mortgages - Reverse loans for Seniors, visit our website www.ReverseLoanGuide.com for help.  Or call Bob Heckler at (512) 328-2225.
Required Third Party Counseling (Part 1 of 5)

Part of the process of getting a Texas reverse mortgage is the required third party counseling. 

We visited http://www.hecmresources.org/requests.cfm for the following explanation:

Requesting HECM Counseling by Calling a HUD National HECM Network Counselor

Homeowners aged 62 and over can request counseling for Home Equity Conversion Mortgages (HECMs) by calling a member of the national HECM counseling network approved by the U. S. Department of Housing and Urban Development.
You can find HUD National HECM Network Counselors at  http://www.hecmresources.org/states/reque_state_index.cfm or at http://www.hud.gov/offices/hsg/sfh/hecm/hecmlist.cfm or call: (800) 569-4287
But before calling any counselor, please read this important information:

1. Who Should Request Counseling A homeowner who wants counseling should call to set up a counseling appointment. Alternately, a homeowner’s authorized legal representative can request counseling. This person must be the owner’s guardian, conservator, or must hold a durable power of attorney to act on the owner’s behalf in this matter. No one else should call to request counseling “on behalf” of a homeowner. In particular, HUD Mortgagee Letter 2004-25 says that “the lender may not contact a counselor or counseling agency to refer a client.” 

(To Be Continued…)

Need help understanding what a Reverse loan is for Texas Seniors?  Go to Reverse Loan Guide for help.  If you need immediate help call Bob Heckler at (512) 328-2225.

Expertise in any career doesn’t happen overnight. Bob Heckler, Vice President and Branch Manager for Cornerstone Mortgage Company, has invested a lifetime accumulating know-how and experience. His 30-year career in residential Real Estate includes building, appraising, selling and financing homes.  In addition, Bob currently oversees Cornerstone’s reverse loan division.