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Reverse Mortgages for Real Estate Professionals
When:
Sep 21, 2018 from 12:00:00 PM to 03:00:00 PM (ET)
Reverse Mortgages for Real Estate Professionals
ORRA Member Pricing: $10
Instructor: Eric Rittmeyer
Separate myth from reality
The Reverse Mortgage class is an introduction to the federally insured Home Equity Conversion Mortgage (HECM) Program. The course provides attendees with an in depth explanation and understanding of how the Reverse Mortgage operates and who qualifies. The class also provides up to date information on major changes FHA has recently made to the program, including the Reverse Mortgage for Purchase, Financial Assessment (Income/Credit guidelines) and protections for spouses that are not yet 62 years old.
After this course, you will understand:
• Payment options
• The processing and repayment procedures
• Differences between a Reverse Mortgage and a Home Equity Loan
• Borrower eligibility requirements and obligations
• Settlement costs and interest rates
• How to use the Reverse Mortgage for the purchase of a new home
ATTENDANCE POLICY
1. CE credit will not be awarded if arrival and check-in are not complete by 12:15 p.m. No exceptions. Please allow adequate commute time.
2. Check in with ORRA staff and sign morning and afternoon attendance sheets.
3. FREC requires a licensee attend 90% of each of the classroom hours. Physical attendance is required for the duration of class.
4. Electronic note-taking is permitted on silent devices, only. Cell phone use is permitted during designated breaks.
Special Disabilities:
Accommodated with advance notice.
CANCELLATION/NO-SHOWS
Cancellations not received within two (2) days prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org.
More information
Location
1330 Lee Road
Orlando, FL 32810
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