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Hello, how can I get ahold of a HECM counselor and how much does it cost?

Looking into doing a reverse mortgage, How do I go about starting this process? by wndllstewart447 from Indianapolis, Indiana. Aug 29th 2016 Reply


Joel Asbury (Winterwood)
#44 ranked lender in Indiana - 34 contributions

Hello - do you have a phone number I can call? Feel free to message me at info@winterwood.net - or our Reverse Mortgage specialist - Jim Sigman - jsigman@winterwood.net. Either one of us can help assist you with your reverse mortgage inquiry. Feel free to also call Jim - 317-695-7757 to get started with your free quote today. Reverse mortgages are his specialty. He will be able to answer any and all of your questions. Let me know if you need anything else. We look forward to the opportunity to work for you. Thanks - Winterwood Mortgage Group, LLC. www.winterwood.net

Aug 29th 2016
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Larry Gray (lgray_312_247)
#4 ranked lender in California - 1,127 contributions

Generally once you have qualified with a mortgage broker/banker you must get set up with an HECM counselor. Thus, you might shop they way you would for a usual mortgage loan...perhaps choose who you want to go further than the initial phone interview and perhaps quote on cost/rate estimate. Obviously not something you want to get into lightly, you will have much more knowledge of the process before getting your HECM consultation. Take your time!

Aug 29th 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

You start by contacting a LOCAL mortgage broker who specializes in HECM's and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. They also have a list of approved HECM counselor's and can help you select one.. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 29th 2016
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