Services Reverse Mortgage Credit Financial MNsure
100
True - staff assist in foreclosure prevention, financial counseling and reverse mortgage/HECM counseling
Catholic Charities Financial and Housing program is a licensed HUD provider? True or False

100
62
What age do you have to be to qualify for a Reverse Mortgage?
200
True
Counselors work with clients to develop an individualized plan to reach their goals. This is done by creating a budget, tracking expenses, paying bills, repairing credit and assisting in debt reduction? True or False
200
Homeowner
If someone gets a reverse mortgage, who will own the house?

300
1982
How long has Catholic Charities offered Financial and Housing Counseling programs?
1977
1982
1989
1994
1997
300
No, as long as the borrower lives in the home as their principle residence they do not have to make payments.
If you get a reverse mortgage, will you have to make monthly payments to the lender, yes or no?
400
Retirement Planning
Which one-on-one service do we not do?
Pre/post-bankruptcy
Checkbook services
Retirement Planning
Financial counseling
Foreclosure prevention
Debt management
400
Adjustable/Graduated
Which payment plan is not an option with a reverse mortgage?
Tenure
Term
Lump Sum
Adjustable/Graduated
Credit Line
500
94%
How many clients upon exiting indicated their financial situation improved after meeting with a Financial and Housing Counselor?
57%
65%
72%
86%
94%
500
Taxes
Insurance
Maintenance of the property
Home owner dues or condo fees
What homeowner responsibility will you still have if you get a reverse mortgage?






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