It's been a couple of months since the US House of Representatives approved a FHA reform bill, and the senate finance committee has already approved it.
Currently is it expected that the full US Senate will vote on this bill in early 2008.
Among the changes in the reform, seniors will have to pay for HECM counseling out of their own pockets. Fees could be as high as $150.
Until then, seniors can still get the required fha counseling for free. Your counseling certificate is good for 180 days after counseling. Contact me today and I will be happy to sign you up to qualify for your reverse mortgage today!
Senior reverse mortgage and FHA HECM programs are more popular now than ever before. Find out why today.