Reverse mortgages are designed for homeowners aged 62 and older that would like to utilize a portion of their home equity to increase income and cash flow without having to make a required monthly repayment. The HECM reverse mortgage is governed by HUD and insured by FHA with many consumer protections in place.
You'll learn the best way to maximize their benefits, pros and cons, eligibility, and options for receiving funds. Do you think you know and understand how reverse mortgages work? This course is going to provide the real facts, clear up any preconceived thoughts or misconceptions, and show example scenarios with the utilization of a reverse mortgage.