Why the Reverse Mortgage Counselor is So Valuable

When the  . Government decided about the reverse mortgages, the main target was to give help to the seniors, who need additional cash but who are not able to loan more. The solution was the reverse mortgage loan,  . a system which releases money from the home equities of the seniors.

This happened about thirty years ago and today these loan are growing strongly in popularity and the officials have found out, that seniors really need a professional guidance about the alternatives and about the details of these loans. The independent reverse mortgage counselor is the right person to give this.

Another reason for the usage of the reverse mortgage counselor is the appearance of the scam companies, which try to sell too big programs to the seniors. Some companies try to sell the paid guidance, despite of the fact that the federal and free guidance is available.

1. A Reverse Mortgage Counselor Does Not Try To Sell.

It is important to understand, that the federal counselors are not in the payrolls of any lenders, but work independently in the payroll of the federal government. Their only brief is to help the senior citizens by sharing guidance about the many financial solutions, not only about the reverse mortgage loans.

2. A Counselor Goes Through Also The Alternatives.

What a senior needs, when he goes to meet the counselor is the financial problem and an idea, what he is looking for. A counselor discuss with the senior to get a picture about his needs and to be able to recommend a solution. A senior can contact the counselor either by phone, email or by visiting him personally.

3. The Offer Includes A Lot Of Details.

A typical reverse mortgage offer, and also the agreement, includes a lot of details and a lot of odd terms, which are not familiar to the senior. If he has gotten an offer from some lender before he will meet the counselor, it is wise, if he will write down all the things, that he cannot understand so that he is capable to ask them from the counselor.

4. Your Plan Gets The Right Direction.

If the need for the extra money is urgent, it can happen that the thoughts start to go to the wrong direction right in the start. That is why it is important to go to meet the counselor in the early phase of the process. In this way, the process gets the right direction right away.

5. Prepare For The Meeting And You Will win.

The counselor meeting is compulsory. This leads easily to a wrong conclusion about the idea of the whole thing. The meeting is compulsory, but it is also very useful and a senior can benefit about it in many ways. The key thing is, that a senior will prepare carefully by thinking and discussing about this topic with several people.

The decision about the reverse loan is a long term commitment and will influence on the life of the senior in many ways. It will also influence on the lives of the heirs and it is wise to let them know about the upcoming solution and to take them into the decision making process. 



Juhani Tontti,  ., Marketing. When you think the HECM reverse mortgage, you will meet the question how does a reverse mortgage work. Now the counselor can help. Visit: reverse mortgage counselor 

For more information, please visit: Reverse Mortgage Leads
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