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Reverse Mortgage for Real Estate Professionals
When:
Aug 5, 2021 from 09:00:00 AM to 12:00:00 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 login is not complete by 9:15 a.m. No exceptions.
2. FREC requires a licensee attend 90% of each of the classroom hours. You must be logged into the webinar for the duration of class for your attendance to be tracked.
More information
Location
1330 Lee Rd
Orlando, FL 32810
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