IN PERSON LIVE-STREAM AT COLORADO SPRINGS OFFICE
Taught by Bruce Simmons with American Liberty Mortgage.
The Reverse Mortgage for Purchase program, also called “HECM for Purchase” and “H4P” allows mature buyers to purchase a home that fits their needs. According to a recent NAR Survey from 2021, 37% of senior home buyers are aged 56 to 95 and about 70% use some form of financing. Imagine if you could help your mature client get into the perfect home by being more knowledgeable about the ins and outs of reverse mortgage financing!
In this two hour class, you’ll learn:
The pros as well as the cons of reverse mortgage financing
The costs of getting a reverse mortgage
Buyer qualifications
Who is eligible to get a reverse mortgage for purchase
The keys to writing a clean contract when your buyer is using a reverse mortgage
How to increase the number and size of the sales by using a reverse mortgage for purchase
And much more…