Unlocking Home Equity: Understanding Reverse Mortgages for Real Estate Licensees at The Real Estate Learning Group, 220 Maine Mall Road, 2nd Floor, Suite 240, So. Portland

Class Details:
Unlocking Home Equity: Understanding Reverse Mortgages for Real Estate Licensees
ME 3 clock hours



Location:	The Real Estate Learning Group, 220 Maine Mall Road, 2nd Floor, Suite 240, So. Portland (show directions) 220 Maine Mall Road, Suite 240, South Portland, ME 04106 We are located on the 2nd floor at 220 Maine Mall Road right above Maine Gold & Silver and Mr. Bagel. For the easiest access to our space, please park at the backside of the building. There is a sign on the glass exterior door into the building and the stairs lead directly to our space. There is also an elevator. View Map Join us for "Unlocking Home Equity: Understanding Reverse Mortgages for Real Estate Licensees," an enlightening course designed to deepen your understanding of reverse mortgages?a vital tool in today?s real estate market. This course offers a comprehensive exploration of reverse mortgages, highlighting their unique aspects compared to traditional mortgages, including various loan programs like FHA HECM. We'll guide you through the strategic use of reverse mortgages in property purchases, especially beneficial for clients with fixed incomes, and how these differ from conventional financing methods. Delve into the crucial aspects of borrower eligibility, from age and income requisites to property qualifications. Additionally, the course provides valuable insights into borrower protections, diverse payment plans, and the financial intricacies of reverse mortgages, including mortgage insurance and closing costs. Perfect for real estate professionals seeking to enhance their expertise, this course is an essential resource for effectively serving a diverse client base and expanding your business opportunities.

Instructor:	Sharron Eastman

Cost:	FREE Brought to you by Big Horizon Mortgage and Cumberland Title Services.

Meeting Date:	12/4/24, 9:00 AM - 12:00 PM

Description:

Join us for "Unlocking Home Equity: Understanding Reverse Mortgages for Real Estate Licensees," an enlightening course designed to deepen your understanding of reverse mortgages?a vital tool in today?s real estate market. This course offers a comprehensive exploration of reverse mortgages, highlighting their unique aspects compared to traditional mortgages, including various loan programs like FHA HECM. We'll guide you through the strategic use of reverse mortgages in property purchases, especially beneficial for clients with fixed incomes, and how these differ from conventional financing methods. Delve into the crucial aspects of borrower eligibility, from age and income requisites to property qualifications. Additionally, the course provides valuable insights into borrower protections, diverse payment plans, and the financial intricacies of reverse mortgages, including mortgage insurance and closing costs. Perfect for real estate professionals seeking to enhance their expertise, this course is an essential resource for effectively serving a diverse client base and expanding your business opportunities.