The Real Truth about Reverse Mortgages

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

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.

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