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The Real Truth about Reverse Mortgages

  • Accountant
  • CPA/ABV
  • CGFM
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • CGMA
  • ChFC
  • ACCA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: September, 2019

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Does the borrower still have any payments to make?
    10 mins
  • What are Reverse Mortgages looking to accomplish?
    25 mins
  • Who owns the home after a Reverse Mortgage?
    27 mins
  • Is there a minimum age requirement?
    28 mins
  • Six ways to access your funds
    40 mins
  • What does Non-Recourse mean?
    50 mins
  • Why are all FHA Reverse Mortgages on-Recourse?
    52 mins
  • All Borrowers have to take counseling
    58 mins
  • How long can a borrower receive tenured payments?
    60 mins

Course Description

Say the word Reverse Mortgage to most people, including financial professionals and they lose their minds. Why? Lack of understanding is the only reason. This online CPE Course helps you understand what reverse mortgage is and how that is helping US citizens and gaining popularity. 

Despite certain basic understanding, very few know a detailed understanding of reverse mortgages. Most of them consider them bad. Though this changes from case to case, the speaker – Doug Vairo – takes the challenge that attendees will have a different view about the same. In this sense, this online CPE course is the real deal in demystifying confusions that are popular for a reverse mortgage. 

This CPE course covers the basic aspects and understanding of reverse mortgages. This includes the types of reverse mortgages, benefits, and various ways to receive funds in a reverse mortgage setup. It also provides an in-depth comparison of the fixed and adjustable rates for reverse mortgage loans. It justifies how one is usually better than the other. It also helps get rid of the common misconceptions to do this. Further, it covers eligibility requirements of occupancy, income qualifications, inheritance aspects, and more. 

This online CPE/CE course on Finance covers the following Key Topics

  • What is a reverse mortgage?
  • Does the bank own my home?
  • Is there a minimum age for claiming a reverse mortgage?
  • How do the benefits of reverse mortgages weigh higher than the disadvantages?
  • Different ways a borrower can receive their funds 
  • The inner workings of a Reverse Mortgage in areas ranging from borrower qualifications

The speaker takes a unique approach for the attendees to make the subject interesting. 

If the aspects of IFRS are your interest, you might be interested in Certified IFRS Professionals.

Learning Objectives

  • To get a clear understanding of what is a Reverse Mortgage
  • To learn about the remedy to free the home with is owned by the Bank
  • To identify the thresholds of minimum age
  • To recognize how you can qualify for a Reverse Mortgage
  • To explore the Reverse mortgage Purchase Program and Reverse mortgage Refinance

Recommended For

  • This online CPE course on Finance is recommended for CPAs, CMAs, CGFM, Accounting professionals, Finance professionals, and other professionals who are interested in exploring the aspects of a reverse mortgage. 
  • This online CPE webinar is recommended for CPAs in Canada who desire to help their clients with reverse mortgage solutions.

Who Should Attend?

  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • Chartered Certified Accountant (ACCA)
  • Chartered Financial Analyst
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Attorney
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Planning, Budgeting, and Forecasting for Certified Management Accountants (CMA)
  • 1 CPE Credit of Finance for Chartered Global Management Accountants (CGMA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 1 CPE Credit of Financial Management for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 1 CPD Credit for CA - ICAEW
  • 1 PL Credit of Finance for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Finance for Chartered Financial Consultant (ChFC)
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Finance for Financial Services Certified Professional (FSCP)
  • 1 CPE Credit of Finance for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Finance for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Finance for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit of Finance for Wealth Management Certified Professional (WMCP)
  • 1 PL Credit of Finance for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CRE Credit of Common financial investments/ decision types for Certified Corporate FP&A Professional (FPAC)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Doug Vairo, ABA

Owner, Loa0fficerStore.com

Extensive training in the Mortgage field. Traveled country training loan officers on a wide range of issues from the fundamentals of writing a mortgage to Federal and State licensing training to pass their NMLS tests.

Created two-week training class from scratch at GreatStone mortgage. Went from 78 loan officers to 200 in six months with excellent retention and production increased 10 times. This was accomplished while I was an Executive Corporate manager. I conducted 75% of the training classes myself.

In addition, I have traveled the country selling lead generation materials for Dan Pinto seminars. Crowds were usually in the 300 range. At the same time, I was conducting two days of Boot Camp training for new loan officers.

Currently training Real Estate agents, CPA's and CFP's through CE classes that I have developed. All classes are NY State approved. In addition, I conduct much live training in Real Estate Agents offices during their regularly scheduled meetings. Please feel free to contact me if you would like to learn more about these programs.

About Company

Loa0fficerStore.com

www.loanofficerstore.com

The Loan Officer Store provides world class Loan Officer, Real Estate Agent & Financial Professionals training products, services, and resources. 

We provide the highest quality tools and products, including a free amortization calculator and schedule, Loan Officer audio training, DVD training, and free Top 10 Lists.

Please visit www.LoanOfficerStore.com to get your FREE copies NOW!



These tools will help impact the mortgage broker industry to higher levels of education, integrity, credibility, and respect. We guarantee that every product and service in the Loan Officer Store are the best in the Mortgage Broker industry. This is my mission and commitment to you!

Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.8

4 Ratings

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3

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1

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RR

Robert Rhoads, EA

Apr 9th, 2020

Good

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