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Class: Forward Thinking in Reverse – Reverse Mortgages Explained (10/27)

Class Description:

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.

Location:
PPMS: Park Place Middle School
1408 West Main Street
Room C-7
October 27, 2009
6:30-8:30 PM

Class schedule and registration info: 
http://www.monroe.wednet.edu/COMMUNITY_SCHOOLS/Fall2009CommunitySchools.pdf

 

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