The Morals and Ethics of the FHA HECM For Purchase-3CE



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22 Sep

09/22/2015 PSL 1:00PM 3CE The Morals and Ethics of the FHA HECM For Purchase

09/22/2015 PSL 1:00PM 3CE The Morals and Ethics of the FHA HECM For Purchase

Tuesday, September 22, 2015 (1:00 PM to 5:00 PM)
3 Education Credits
PSL - Port St Lucie Location: 582 NW University Blvd #300, Port St Lucie, Port St Lucie, Florida Finance, Free

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REALTORS, learn how you can offer homes for half price (half down, anyway) to Seniors (age 62+) and earn full commissions - perhaps even double commissions.

The HECM For Home Purchase allows Realtors to offer homes for sale to their senior clients for about half price. Seniors can now put just one large down payment (approx 50%) down and no additional monthly mortgage payments, for life. And, your Senior client owns the home, forever. FHA’s HECM For Home Purchase is a great financing option (sales tool) for Seniors wishing to right-size their retirement home.

Tim Linger, Certified Reverse Mortgage Professional and Certified CE Instructor, has developed this three-hour CE course to help arm REALTORS with the HECM details, including the Morals and Ethics of the HECM program, so REALTORS may advise, confidently, their Senior clients and their families of this great home financing option.

By the end of this course, REALTORS will be able to:
- Briefly explain what the "HECM for Home Purchase" means to their customer and why it is an option to be considered.
- Explain some of the 'myths' about a reverse mortgage and what the actual facts are.
- Know the eligibility requirements for obtaining a HECM loan and what the options to purchase a home
- List some of the key elements that must be included in the sales contract, and describe acceptable forms of asset verification.
- Explain to their customer the various parts of the purchase transactions summary.
- Describe some of the best ways market to the senior homeowner.
- Explain some of the ethical obligations to protect the senior consumer with regard to the HECM for Home Purchase
- Understand the difference between the reverse mortgage refinance program and the HECM For Home Purchase

Presented by Tim Linger, Certified CE Instructor
Sponsored by AV Homes
www.AVHomesInc.com

PSL - Port St Lucie Location: 582 NW University Blvd #300, Port St Lucie
PSL - Port St Lucie Location: 582 NW University Blvd #300, Port St Lucie
582 NW University Blvd #300
Port St Lucie, FL 34986

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