If anyone tells you to stop making mortgage loan payments, they may be trying to scam you. Not making your mortgage loan payments could hurt your credit score and limit your options. Report individuals giving you this advice by file ...
Depending on your financial situation and needs, there may be other types of loans that make more sense for you. These include second mortgage loans, which may have lower fees – but you will need to be able to make ...
There are steps you can take: Call your servicer. Depending on your situation, your servicer may be able to modify the terms of your loan or provide other forms of relief. Talk to a HUD-approved housing counselor. A U.S. Department ...
You can send a Qualified Written Request (QWR) explaining the issue. If you are current on your loan and your servicer still refuses to accept your payment, you can file a complaint with the CFPB online or by calling (855) 411 CFPB ...
You can send a Qualified Written Request (QWR) requesting an explanation. Be sure you have followed the instructions for submitting your mortgage payment. If you are current on your loan, and yet the servicer refuses to accept your payment, then ...
You do not have to pay an estate planning service or anyone else to find you a reverse mortgage. The Department of Housing and Urban Development (HUD) provides both a list of HUD-approved lenders on its website at no cost ...
Here are some things you might want to discuss with a housing counselor if you are considering a reverse mortgage: The cost of the counseling (if any) and whether you might qualify for a fee waiver A basic description of ...
You can check whether a housing counselor is approved by the Department of Housing and Urban Development (HUD) by visiting HUD's counselor search page or calling HUD's housing counselor referral line (1-800-569-4287).
Housing counselors are permitted to charge for reverse mortgage counseling, but the agency must tell you about the fee before charging it, and the fee has to be reasonable. Fees are typically about $125. Counseling agencies are also required to ...
No. With some exceptions such as for title and homeowner’s insurance, a lender or broker cannot require you to buy an annuity or another financial product in order to qualify for a HECM reverse mortgage. If a lender or broker ...