The most popular reverse mortgage, a Home Equity Conversion Mortgage (HECM), is insured by the U.S. Federal Government. But what does that insurance mean?
Join reverse mortgage industry leader Joe DeMarkey to learn what the government insurance (i.e. FHA) means for reverse mortgage clients, to include the guarantee that clients will continue to receive payments from their reverse mortgage, even if their home depreciates or the lender goes out of business. Joe will also explain the pros and cons of a second type of reverse mortgage, a.k.a. Jumbo or Proprietary Reverse Mortgages.
Attendees will learn:
- The pros and cons of the two types of reverse mortgages
- What FHA insurance means for reverse mortgages
- The payment guarantees clients have with insured reverse mortgages
- Use cases for the two types of reverse mortgages
*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.