CE: Reverse Mortgages for Purchase

This course is approved for 3 hours of Elective CE!

This course will introduce the student to the basic concepts and requirements of the FHA insured “H4P” – known as the HECM (Home Equity Conversion Mortgage) for Purchase, or more commonly known as a Reverse Mortgage for Purchase. The student will learn the basics of the HECM mortgage, including what kind of borrower is eligible for a Reverse Mortgage for Purchase, how a reverse mortgage can be used as a tool to purchase a home or to refinance a home, what the FHA guidelines and lender underwriting guidelines are, what type of property qualifies, and how to share the basic information regarding reverse mortgages to their Senior Clients.