My name is Claudia Fehribach and I’m a HUD-HECM counselor. When I tell people that, most of the time they have no idea what I am talking about. Well, I provide mandatory counseling for people that want to do a reverse mortgage.
A reverse mortgage is a program offered by HUD, where the homeowner, over 62, has the ability to access their house equity without having to move or sell their home.
The basics of this program:
• Pay off existing mortgages on the home.
• Loan proceeds are not taxable.
• Very easy to qualify: no minimum credit scores and no income requirements.
• No monthly mortgage payments for as long as the homeowner lives in the home
I counsel clients from all over the country and I always try my best to deliver the information in a way that can help the homeowners make an informed decision. As I speak with people from all types of backgrounds and levels of income, I realize how important my job really is.
I had a client for example that lived on a very tight budget. At times, she would eat only a bowl of cereal for lunch and dinner in order to be able to pay her bills. Seriously, in America, such a great and rich nation, we still have the most vulnerable suffering and enduring things that they shouldn’t have to. During my counseling, I was able to generate a personalized report that listed all options in terms of benefits that were available to her in the area that she lived.
I spend an hour talking to clients about Reverse Mortgage and at the end it’s really moving to hear how grateful they are for something so simple: information.
Information is knowledge and knowledge is power.
CPFC, HUD-HECM Exam Qualified Network Counselor
Credit Card Management Services, Inc
4611 Okeechobee Blvd, #114
West Palm Beach, FL 33417