SELLING TO SENIORS USING THE REVERSE MORTGAGE
This course is designed to explain how to use the "Reverse Mortgage" program to help seniors (62+) purchase property. The Home Equity Conversion Mortgage (HECM) Purchase program can be used to increase an agent's sales and serve the growing Baby Boomer population.
Agents will learn how to distinguish when to use FHA insured reverse mortgage, state what properties are eligible for the program, explain the process to potential buyers and assess advantages / disadvantages, among other things.
(A $20/agent fee is assessed to this class. All proceeds will be donated a local non-profit agency)