"Why do I have to complete Counseling?"

Another great question!!! When I started offering this product in August, 2006 I was very concerned about how to best offer the counseling to my clients. However, after two years I've learned the counseling is an important and necessary step for Seniors and their families. This session is short and can be done by phone or in person (although some states require face to face).

I suggest the following for your counseling session;

1) Go to HUD Website at http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=IL

2) Call your local office and schedule a session,
3) Have one of your lenders email or fax a copy of the Mortgage Comparison Summary, Good Faith Estimate and an amortization schedule for both the HECM Adjustable rate product and Fixed rate product to both you and your counselor. 4) Complete the counseling,
5) Have the counselor fax the certificate to me at 773-328-6572 and the original to your home for a signature.