"As a top reverse mortgage lender, Live Well Financial’s team has unparalleled. is a multi-channel mortgage lender committed to providing retail and partner loan officers extensive training and.
Many mortgage people enjoy the reverse mortgages more than the forward. As a reverse mortgage broker, training your loan officers should be the very first.
What is a Reverse Mortgage loan? A reverse mortgage may allow homeowners 62 and older to access part of the value of their home. Imagine living in your home without a traditional monthly mortgage payment, or instead, enjoying monthly loan proceeds from the years you’ve invested in your home.
Fha Insured Reverse Mortgage hud fha reverse mortgage for Seniors (HECM) | HUD.gov / U.S. – If you are a homeowner age 62 or older and have paid off your mortgage or paid down a considerable amount, and are currently living in the home, you may participate in FHA’s HECM program. The HECM is FHA’s reverse mortgage program that enables you to withdraw a portion of your home’s equity.
· A loan officer or broker cannot be paid more if the consumer takes a loan with a higher interest rate, a prepayment penalty, or higher fees. Nor can the LO be paid for convincing the consumer to buy additional services from the lender, broker, or an affiliate such.
Communicates professionally and clearly to clients (on the phone and in person) when explaining reverse mortgages. Spend 80% of the day “self-sourcing” to generate new business with realtors, trusted.
What Is The Purpose Of A Mortgage Don’t Just Peek at Loan Purpose – Scotsman Guide – A loan to an entity that isn’t a consumer falls under the organizational exemption under Regulation Z and isn’t a consumer loan, regardless of the loan purpose. In most cases, a consumer is an individual.
Reverse mortgage broker training is the same as reverse mortgage training for loan officers. As a reverse mortgage broker, training your loan officers should be the very first thing you look to do. With the reverse mortgage training located here, you have access to all the tools you need to have your staff ready to work this niche.
ReverseMortgages.com opened its independent office on July 31, 2014, bringing together an array of knowledgeable staff from the lending and mortgage industry. The company’s origins date back to 2001, when midcontinent financial center, Inc. was founded.
Find a reverse mortgage loan officer in your area by entering your ZIP Code or call us at (888) 998-3147.
Her father, a Detroit Police officer. is one of 1,884 reverse mortgage foreclosures in Detroit between 2013 and 2017. No other city in the country has seen more in that span, according to a USA.
Age To Qualify For Reverse Mortgage Guest post from Tricia French, MSc, PHEc A Reverse Mortgage is a means for homeowners to access a portion of the stored value of their home to use today, while still retaining ownership of their home. In effect, converting the equity to cash, which can be received as a lump sum, regular payments, or a combination of the two.
. Reverse Mortgage Loan "Jumbo reverse mortgage loans present an opportunity for older Americans to achieve greater financial comfort and expand their wealth," said Paul Fiore, chief retail sales &.
Reverse Mortgage Houston TX Ray Massey Reverse Mortgage Show – KSEV Radio – Ray Massey Reverse Mortgage Show (Wednesday & Friday’s at 1pm & Saturday’s at 3pm on KSEV) It was Mom’s idea! HER MOTHER WAS DIRECTLY RESPONSIBLE FOR. their marriage and indirectly responsible for their HECM – two undertakings that greatly enriched the lives of Janet and Ray Massey of Katy, Texas.