Services | Reverse Mortgage | Credit | Financial | MNsure |
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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
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62
What age do you have to be to qualify for a Reverse Mortgage?
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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
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Homeowner
If someone gets a reverse mortgage, who will own the house?
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1982
How long has Catholic Charities offered Financial and Housing Counseling programs?
1977 1982 1989 1994 1997 |
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?
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Retirement Planning
Which one-on-one service do we not do?
Pre/post-bankruptcy Checkbook services Retirement Planning Financial counseling Foreclosure prevention Debt management |
Adjustable/Graduated
Which payment plan is not an option with a reverse mortgage?
Tenure Term Lump Sum Adjustable/Graduated Credit Line |
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94%
How many clients upon exiting indicated their financial situation improved after meeting with a Financial and Housing Counselor?
57% 65% 72% 86% 94% |
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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