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