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FHA Reverse Mortgage Counseling: What To Expect : Arizona Mortgage

FHA Reverse Mortgage Counseling: What To Expect : Arizona Mortgage

This is a discussion on FHA Reverse Mortgage Counseling: What To Expect : Arizona Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I haven’t seen a situation where a senior came away from a reverse bmortgage/b counseling session with more questions than ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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12-08-2008, 03:22 AM

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FHA Reverse Mortgage Counseling: What To Expect : Arizona Mortgage ...

I haven’t seen a situation where a senior came away from a reverse bmortgage/b counseling session with more questions than they went in with — which means by and large, it appears to be working! These HUD-approved counselors seem to be a b.../b

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arizona, counseling, expect, fha, mortgage, reverse

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