Course ID: DV021214
Credits: 2 NY Credits
2 NY Credits: 1 PP; 1 Skills; Non-transitional
Alfie Schloss, Associated
Mortgage Bankers (AMB); Kevin
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
Original Tape Date: February 12, 2014
All Programs include: (1) Affirmation and (1) DVD/CD packet.
To receive CLE credit for program on DVD/CD: DVD/CDs
are embedded with CLE codes that you must copy onto a supplied
affirmation sheet. Return the signed and dated affirmation to the NYCLA
CLE Institute to be issued a CLE certificate. We recommend that you watch/listen to DVD/CDs as soon as possible. We can only issue CLE credit if the law is still current. The date of your signed affirmation will determine the date of your CLE certificate.
DVDs have a PDF file of the course materials on the DVD itself. CD
orders will come with a separate CD with a PDF file of the course
materials. Written materials provided only upon request.