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Everything You NOW Need to Know About Reverse Mortgages: Learn the Updated Rules and Their Use as Financial Planning Tools -- ONLINE REGISTRATION IS NOW CLOSED, LIMITED AT DOOR REGISTRATION AVAILABLE

Wednesday, February 12, 2014, 6:00 PM – 8:30 PM

Registration for this course is now closed.

Intended Audience:

Click Here to download orderform

Location: 2nd Floor Auditorium

Course ID: C021214

Credits: 2.5 NJ Credits: 2.5 general
2.5 NY Credits: 1.5 PP; 1 Skills; Transitional and Non-transitional

Course Description:

Learn from an expert in the field the real facts behind reverse mortgages. Understand the rules, who qualifies, the advantages as well as who should not apply for one. Hear how recent changes effective September 30, 2013 have impacted the viability of reverse mortgages and transformed them into a true financial planning tool.


Some of the topics to be discussed include:

·        --- Background of reverse mortgages

·--What is a reverse mortgage?

·-- Options and eligibility

      -- Obtaining the funds and what they can and can’t be used for

·-- Process of getting a reverse mortgage: application: eligible properties; trusts and life estates; underwriting; closing; funding and servicing

·-- Pitfalls of reverse mortgages

·-- Alternatives to reverse mortgages

·        -- Advanced uses of reverse mortgages

·Wh


Faculty:

Alfie Schloss, Associated Mortgage Bankers (AMB); Kevin McMullen, Esq.

 

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