Once you become a counselor HUD requires continuing education and passing the HECM exam every two years. Applicants who are on any of the following lists are not eligible to be HECM counselors: General Services Administration’s Excluded Parties List System (EPLS), HUD’s Limited Denial of Part...
Reverse mortgagesare insured by the Federal Housing Administration (FHA) under the auspices of the U.S. Department of Housing and Urban Development (HUD). They are specifically designed to allow older homeowners to borrow money while not increasing their financial burden in later years. The most ...
The U.S. Department of Housing and Urban Development (HUD) actually addressed this issue in theirlatest set of ESA rules. This is what HUD had to say about ESA certificates: “Some websites sell certificates, registrations, and licensing documents for assistance animals…In HUD’s experience, ...
PRC has been shown to help maintain sobriety during the postdrug rehabilitation period. Martin et al. (2015) followed participants in alcohol outpatient treatment from 2 weeks until 6 months after enrollment; they found that those participants who relied on religion to help them cope were less li...
There is still time to work on a solution with your lender or ahousing counselor. But if you don't make arrangements, formal foreclosure proceedings may begin. Notice of default (4 months) At the end of the additional 30-day period, your lender may file a public notice with a state cou...
A debt management plan is an agreement between you and your credit counselor to pay off some or all of your debts within a specific timeframe. The debts that you agree to pay off are known as “enrolled debts.” They’reunsecured debts, like credit card and personal loan balances. You ...
Surviving a layoff is difficult, especially during this economic recession. If you've been laid off, Good Housekeeping has some expert advice to help you stay afloat.
Finding a legitimate loan company to work with starts with doing your research. For example, you can check the lender's credentials, reputation with the Better Business Bureau, and consumer reviews. You can also speak to a HUD-certified loan counselor if you have doubts about a particular lend...
If you use the cash-out amount to pay off other debts, such as car loans or credit cards, then your overall cash flow may improve. Your credit score may even rise enough to warrant another refinance in the future. It is often a good idea to speak with a qualified credit counselor ...
while others might prefer a fixed stream of monthly income payments. Still, a lump-sum payment or a combination payment plan might work better. In any case, be sure to do your research and ask questions ofyour lenderand reverse mortgage counselor to determine the payment plan that best fits...