CA mortgages : CA mortgage rates and home loans

Before a Reverse Mortgage application can really get started, the homeowner must receive "counseling" from an FHA Approved Counselor.

The Counseling Service can charge $125.00 for Counseling.
The counseling can be paid by you when the service is rendered.

Some service providers will allow it can be paid from the proceeds of the Reverse Mortgage when the transaction closes.

The ORIGINAL “Counseling Certificate” is required to process your application.
Please give me a call when you receive it in the mail.

To obtain HECM counseling, please contact one of the ten agencies below.

1.Money Management International (MMI) 866-232-6788

2.American Association of Retired Persons 888-592-4838

3.National Council on Aging (NCOA) 800-510-0301

4.National Foundation for Credit Counseling 866-698-6322

5.ACORN Housing of San Diego 619-521-2940

6.CCCS of San Diego (MMI) 800-308-2227

7.Springboard – San Diego 800-947-3752

8.San Diego Urban League 619-263-6258

9.Consumer Credit Counseling Svc of Atlanta 866-616-3716

10.Consumer Credit Management Services 866-213-8522

(CCMS) is on the East Coast so call between 6:00 AM and 2:45 PM – Pacific Time - to schedule a counseling session. They do offer flexible pricing from $75.00 (for credit card pmt) to $125.00 if “billed”.

You can find HUD National HECM Network Counselors by using the "click here" link at the bottom of this page. But before calling any counselor, please read this important information:

Who Should Request Counseling A homeowner who wants counseling should call to set up a counseling appointment. Alternately, a homeowner's authorized legal representative can request counseling. This person must be the owner's guardian, conservator, or must hold a durable power of attorney to act on the owner's behalf in this matter. No one else should call to request counseling "on behalf" of a homeowner. In particular, HUD Mortgagee Letter 2004-25 says that "the lender may not contact a counselor or counseling agency to refer a client."

HUD National HECM Network Counselors are the only HECM counselors who have achieved the quyalifying score on the HECM counselor exam and been approved by HUD to provide telephone counseling nationwide. They are employed by local housing counseling agencies that may also employ other counselors who have not met the those standards.
To find a HUD/FHA Approved Reverse Mortgage Counselor anywhere in the Nation "Click" HERE.

California Residential Mortgage Lender Registered by the Department of Corporations
General Mortgage Corp. 16766 Bernardo Center Drive - Suite 110 Rancho Bernardo, CA 92128
Phone: 858-248-3311 Cell: 760-445-2222 Fax: 858-815-7238 E-mail: Jackm@san.rr.com