Reverse Mortgage Training | 2 Elective (W)

Imagine possibly turning one sale into two when at least one client is above the age of 62!

Imagine the increase in your sales and listings when you are the REALTOR® introducing a mortgage with no monthly principal and interest payments¹ to senior buyers and sellers, for as long as they live in the home! Imagine telling a senior they can afford the home of their dreams even though they just sold their previous home for much less than anticipated! Imagine becoming knowledgeable to refer this unique product to homebuyers getting ready to enter retirement.

Upon completion of this course, REALTORS^® will be able to:

• Understand this unique product.
• Separate the myths from the reality on this purchase product.
• Know what types of properties qualify for this loan.
• Explain and understand the monetary investment required.
• Explain and understand the built-in FHA Safeguards² for senior borrowers.
• Explore the ethical & moral implications of proposing or not proposing this product.

Presented by NCJAR Affiliate

Timothy R. Jackson Instructor # I100376 | NMLS# 403994

¹As with any home-secured loan, you must keep current with property-related taxes, insurance and maintenance for the loan to remain in good standing.

²This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.