About this Event
Gain a strategic approach to dominating this demographic with a dive into retirement financing solutions paired with real-life client scenarios.
Realtors versed in solutions available to buyers and sellers in or nearing retirement are simply closing more business. Retirement mortgages offer avenues to upsize, downsize, move closer to family or a higher-cost retirement community all while staying within a budget or even eliminating a monthly mortgage payment.
Retirement Mortgages Overview
· Retire Income Loans
· Asset Based Loans
· Home Equity Conversion Mortgages
Home Equity Conversion Mortgages (HECM)
· Common Myths and Concerns
· Loan amounts and how they are calculated
· Fixed or Line of Credit Offerings
· Repayment Options
· Holding a HECM mortgage over time – what happens
· HECM Exit Strategies
o What is a maturity event? When & how a loan becomes due and payable
· Talking to your client about a HECM
· Writing an offer Using a Reverse and Closing Timeframes
· Financial Benefits of a buyer using a HECM mortgage – Financial Example
· Case Studies – Client Profile and best uses of a HECM.
· How understanding HECM creates more buyers and sellers to expand your business
· Considerations when selling a home that has a Reverse Mortgage
Event Venue & Nearby Stays
12909 Southwest 68th Parkway, Tigard, OR, USA, United States
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