smart money housing reverse mortgage counseling

Smart Money Housing, Homeownership Counseling and Education – Smart Money Housing is part of the Smart Women Smart Money Educational Foundation, a non-profit HUD-certified homeownership counseling agency located in Cook County. Our programs address homebuyer education, mortgage delinquency and foreclosure intervention, credit counseling, SB1167 the Illinois Predatory Lending Database, reverse mortgages and debtor education as required by the Department.

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U.S. Department of Housing and Urban Development (HUD) – HOUSING ACTION ILLINOIS: SMART MONEY HOUSING AKA SMART WOMEN SMART MONEY: Phone: 773-533-0243 Fax: 773-823-7414 E-mail: [email protected] website: www.smartmoneyhousing.org agency id: 84399: 3510 W Franklin Blvd Chicago, Illinois 60624-1316 – Reverse Mortgage Counseling – English – Spanish

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Reverse Mortgage Counseling | NFCC – NFCC-certified housing specialists provide seniors with information on reverse mortgages. Information is presented in one-on-one reverse mortgage counseling sessions so that clients receive the information they need to make an informed decision.

Why Retirees May Want to Take Another Look at Reverse Mortgages – The homeowners can get the money via either a lump sum. Protection Bureau found that many ads for reverse mortgages left consumers with misconceptions about the loans. After the most recent housing.

HUD HECM Housing Counselors – HECM Roster Home Page | HUD.gov. – The hud intermediaries providing hecm counseling Nationwide page has moved. Please visit the HUD Office of Housing Counseling webpage on the HUD Exchange to browse related guidance, resources, and training.

Fair Housing – Reverse Mortgages – Housing and Community Development Department Fair Housing – Avoiding Real Estate Scams – Reverse Mortgages. Predatory Lending Reverse Mortgages Tipoffs to Ripoffs. WHAT IS A REVERSE MORTGAGE? A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash.

What to Know Before Getting a Reverse Mortgage – With a reverse mortgage, you can receive the money. Housing Administration’s Home Equity Conversion Mortgage program, known as HECM, and by private lenders. To be accepted for a federally insured.

Reverse Mortgage May Benefit Seniors 62 Years And Up. –  · Counseling Requirement. Counseling is a mandatory part of the reverse mortgage application process. HUD certifies counselors around the country to give impartial education about reverse mortgages. The goal is to help borrowers assess whether a reverse mortgage is the right choice for them. Counseling can be done over the phone or face-to-face.

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Mortgages | USAGov – Reverse Mortgages. A reverse mortgage is a home loan that you do not have to pay back for as long as you live in your home. You only repay the loan when you die, sell your home, or permanently move away. Homeowners who are at least 62 years old are eligible.