The Real Truth about Reverse Mortgages
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Course Details

Overview of Topics

  • 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 funds40 mins
  • What does Non-Recourse mean?50 mins
  • Why are all FHA Reverse Mortgages on-Recourse?52 mins
  • All Borrowers have to take counseling58 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 paid CPE Webinar will teach you the real deal by demystifying this program. Learn about the two different types of Reverse Mortgages, Purchase Reverse and Refinance Reverse. This Paid CPE Webinar will teach you the inner workings of a Reverse Mortgage in areas ranging from borrower qualifications and how much they qualify for to the six ways they can receive their money.

Learning objectives

  • Get a clear understanding of what is a Reverse Mortgage
  • Learn about the remedy to free the home with is owned by the Bank
  • Identify the thresholds of minimum age
  • Know how you can qualify for a Reverse Mortgage
  • Reverse for Purchase Program and Reverse for Refinance

About Presenter

Doug Vairo, ABA

Director (Finance),LoanOfficerStore.com

Doug.Vairo@myccmortgage.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.

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!

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:30
  • Question 3 : 00:50
  1. Reverse Mortgages require all of the following EXCEPT?
  2. What would prevent a borrower from obtaining a Reverse Mortgage?
  3. What type of Reverse Mortgage allows a borrower to have a Line of Credit?
  1. How long have Reverse Mortgages been available in the USA?
  2. Reverse Mortgages are used in the United States to help seniors?
  3. Which option is NOT available with a FIXED rate Reverse Mortgage?
  4. What payment option allows a borrower to receive money every month for as long as they live in the home?
  5. Before any services can be ordered, such as Appraisals, borrowers first have to complete what?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.7
(58)
71%
26%
3%
0%
0%
  • JB
    JUSTAS BOVELL , CGMA, CPA
    Oct 7th 2019
    The speaker did a very good job. It was a really interesting webinar.
BH
Barry Holmes , ABV, CPA, CPA
I enjoyed learning from this webinar. It was very informative. Thank you.
RN
Roberta Nail , CPA
It was really an impressive webinar. Thanks.
CS
Claire Spearman , CPA
It was a wonderful webinar.
PL
PATTI LEVIN , EA
It was a quality learning webinar.
SN
Sally Newcomb , CPA
The content and webinar was really awesome. The speaker answered all my questions.

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.

On-Demand Webinars

CARES ACT: NOL CHANGES (UPDATED LATEST)
Friday, July 03, 2020 View Details/Register
UNDERSTANDING & ADOPTING THE NEW REVENUE RECOGNITION STANDARD
Thursday, July 02, 2020 View Details/Register
FRAUD ESSENTIALS: WHO? HOW? WHY? WHAT?
Thursday, July 02, 2020 View Details/Register
PRACTICAL APPROACHES TO PERFORMING EFFICIENT & EFFECTIVE SSARS ENGAGEMENTS (COMPILATION AND REVIEW)
Thursday, July 02, 2020 View Details/Register
ARE YOU INDEPENDENT WHEN YOU NEED TO BE? UNDERSTANDING RECENT CHANGES TO THE AICPA CODE OF PROFESSIONAL CONDUCT
Thursday, July 02, 2020 View Details/Register
TAX UPDATE : FCCA 2020 & SECURE ACT. (COVID-19)
Friday, June 26, 2020 View Details/Register
IRS FORM 1099 REPORTING REQ. INCLUDING UPDATES ON FORM 1099-NEC (LATEST 2020)
Thursday, June 25, 2020 View Details/Register
FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR UTAH CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MINNESOTA CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR CONNECTICUT CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR ARIZONA CPAS
Thursday, June 25, 2020 View Details/Register
MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Monday, June 22, 2020 View Details/Register
Arizona Specific Ethics (Part 1)
Monday, June 22, 2020 View Details/Register
  • Cost $10
  • CPE Credits 1
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date September 27 ,2019
  • Published Date September 27 ,2019
  • Who should attend? Finance Pros Tax Attorney Tax Practitioners Business Owner Others CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

CARES ACT: NOL CHANGES (UPDATED LATEST)
Friday, July 03, 2020 View Details/Register
UNDERSTANDING & ADOPTING THE NEW REVENUE RECOGNITION STANDARD
Thursday, July 02, 2020 View Details/Register
FRAUD ESSENTIALS: WHO? HOW? WHY? WHAT?
Thursday, July 02, 2020 View Details/Register
PRACTICAL APPROACHES TO PERFORMING EFFICIENT & EFFECTIVE SSARS ENGAGEMENTS (COMPILATION AND REVIEW)
Thursday, July 02, 2020 View Details/Register
ARE YOU INDEPENDENT WHEN YOU NEED TO BE? UNDERSTANDING RECENT CHANGES TO THE AICPA CODE OF PROFESSIONAL CONDUCT
Thursday, July 02, 2020 View Details/Register
TAX UPDATE : FCCA 2020 & SECURE ACT. (COVID-19)
Friday, June 26, 2020 View Details/Register
IRS FORM 1099 REPORTING REQ. INCLUDING UPDATES ON FORM 1099-NEC (LATEST 2020)
Thursday, June 25, 2020 View Details/Register
FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR UTAH CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MINNESOTA CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR CONNECTICUT CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR ARIZONA CPAS
Thursday, June 25, 2020 View Details/Register
MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Monday, June 22, 2020 View Details/Register
Arizona Specific Ethics (Part 1)
Monday, June 22, 2020 View Details/Register