This course is designed for those who are interested in learning more about the reverse mortgage program. Included in the course is a history of reverse mortgages and how they have evolved. The class will concentrate on the HECM (Home Equity Conversion Mortgage) program insured by HUD/FHA. We will answer questions such as; “What is a reverse mortgage and how does it work?” “How does one qualify for a reverse mortgage?” “What are some common uses?” “What are the costs involved?” “How are funds disbursed?” “How is the borrower protected?” “Can I purchase a home with a reverse mortgage?” “What are the 19 questions anyone interested in a reverse mortgage should know the answers to?” We will also cover common misconceptions and demographic data specific to an aging population.
Class is taught by an experienced/licensed mortgage broker, Jeff Nance of Golf Savings Bank.
PPMS: Park Place Middle School
1408 West Main Street
October 27, 2009
Class schedule and registration info: