IN-PERSON Lunch & Learn: Improved Reverse Mortgage: Home Equity Conversion Mortgage | 2 CE

• Describe how a HECM works: the basic loan criteria, common misconceptions, the fees associated with it, and common uses for the HECM {aka: Reverse Mortgage)
• Discuss how a HECM can be used for the purchase of real estate
• Distinguish between the five different disbursement options available on a HECM Refinance and what a Credit Line Growth Rate is
• Distinguish the pros and cons of a HECM for Refinances and Purchase transactions
• Recall dozens of rules and guidelines: Age requirements, income, Loan-to-Value, down payment, credit history, property types, paying off the loan, seller concession, and many more)

Class provided lunch & sponsored by the speaker, Kathy.

Instructed by This email address is being protected from spambots. You need JavaScript enabled to view it., Owner & Non-Producing Loan Officer for ABLM