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241016 Oct 16, 2024 HECM Reverse For Purchase ::Bellingham::

$10.00

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Description

HECM Purchase
Using a Reverse Mortgage to Purchase a Home

C-23010796
3 Clock Hours
—
Instructor:
Stacy Chevalier
—

Location:
Bellingham Central Library
The Lecture Room
210 Central Avenue Bellingham, WA 98225

Time:
10:30AM to 1:30PM

Price:
$10

Home Equity Conversion Mortgage (HECM) loans are offered to seniors who need to tap into their equity to cover living expenses.  HECM loans can also be used to purchase a home. A purchase reverse mortgage is a non-recourse loan that enables senior homebuyers age 62 and older to purchase a home and make no monthly principal and interest payments for as long as they live in the home.In this course we will learn the following and more:

  • Know which borrowers are eligible for a reverse mortgage purchase.
  • Know what types of property are eligible for a reverse mortgage purchase
  • The most frequently asked questions about using a reverse mortgage for purchase
  • How reverse mortgage purchase borrowers are qualified
  • The reverse mortgage purchase timeline
  • How to market reverse mortgage for purchase transactions
  • Red flags: Local reverse mortgage fraud cases

 

In this course, we’ll answer these questions and more.

RSVP via email or phone:
Hannah Gregg
hgregg@revolutionmortgage.com
253.431.3737

Or pay now

Seating is limited at this location.

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206-931-2241 or jillayne@ceforward.com