Hello Lisa,

In their effort to try to disclose every possible facet of the loan, HUD and state lawmakers have added many forms for borrowers that often need to be clarified more borrowers than it helps. Some lenders have an online application form that requests all the information that allows them to complete the FNMA form 1009, they could ask you to fill out the 1009 application itself, but this is the application HUD uses for the Reverse Mortgage.  In addition, several other forms and disclosures go along with the application that borrowers must complete for the loan.   

However, take your time and read each form. You will see that even though some of the content may be repeated in multiple forms between the state and federally required documents, the disclosures are there to protect you, so don’t be afraid to ask questions if you don’t understand any of the forms and don’t be scared to seek help from a trusted source (family, friend, attorney) if you don’t feel as though you are getting a complete or accurate answer to your questions.