HECM – REVERSE MORTGAGE COUNSELING
Dedicated HUD Certified Counselors
We know that a reverse mortgage is a BIG decision and you want to make sure you have all the information required to make an informed decision regarding a reverse mortgage. That’s why each of our counselors have over 10 years experience with Reverse Mortgages. Our counselors are passionate about helping seniors and bring this enthusiasm into the counseling session.
Push Button, Get Reverse Mortgage Counseling
In the past, borrowers that needed certification for Reverse Mortgages had to call a list of agencies, find out the price and check availability. NFDM has streamlined that process by allowing the potential borrower to set the appointment online and pay for their Reverse Mortgage Certification in one easy transaction available 24 hours a day, 7 days a week. Next business day booking available. Reverse Mortgage counseling has not yet been approved by HUD for delivery online, but our phone counselors are waiting for your appointment.
Service is offered nationwide except for Minnesota, North Carolina, Massachusetts and Vermont.
Reverse Mortgage Counseling Fees
There is an upfront fee for this service, which is collected when you book your appointment. Fees must not be paid by the lender. The cost for Jumbo Reverse Mortgage Counseling is $125.00 there are no discounts available for this type of counseling
The cost for an FHA Reverse Mortgage (HECM) is $125.00, however borrowers with low income (see chart below) can defer the cost to closing. Very low income borrowers looking for a Reverse Mortgage Certificate can receive the counseling for free as long as HUD funding is available.
Low Income: Single < $2,147 per month
Low Income: Couple < $2,903 per month
Very Low Income: Single < $1,320 per month
Very Low Income: Couple < $1,517 per month
HUD Approved – Non-Profit Agency
National Foundation for Debt Management (NFDM) is a non-profit HUD approved Multi-State Agency. Founded in 1998, NFDM is the preeminent National Reverse Mortgage Counseling Agency. NFDM boasts exam qualified HUD/ HECM National Counseling Network counselors, fully trained in phone etiquette and senior sensitivity,
HECM – Reverse Mortgage Counseling2 hr | $125 $125.00 Book Now
HECM – Reverse Mortgage Counseling [Low Income ONLY] – Pay $125 at Closing2 hr | FREE $0.00 Book Now
HECM – Reverse Mortgage Counseling [Very Low Income ONLY]2 hr | FREE $0.00 Book Now
Home Safe (Advantage) Counseling1 hr 30 min | $125 $125.00 Book Now
Equity Elite1 hr 30 min | $125 $125.00 Book Now
Platinum 2.01 hr 30 min | $125 $125.00 Book Now
Platinum HELO1 hr 30 min | $125 $125.00 Book Now
Platinum LOC1 hr 30 min | $125 $125.00 Book Now
Equity Power1 hr 30 min | $125 $125.00 Book Now
Liberty EquityIQ1 hr 30 min | $125 $125.00 Book Now
CashKeeper1 hr 30 min | $125 $125.00 Book Now