Reverse mortgages allow seniors (62 and over) to borrow money they can use for living expenses, vacations or other purposes without requiring...
Reverse mortgages allow seniors (62 and over) to borrow money they can use for living expenses, vacations or other purposes without requiring monthly payments. While no payments are due while the senior is living, his/her death may result in the proverbial lender’s “knock on the door” and a flood of extra expenses.
A lot has changed for the reverse mortgage industry in the last few years. For the first time in what seems like a long time, there aren’t any major program updates looming on the horizon. And now that the industry has adjusted to the brunt of new rules and processes, in what has been year after year of adaptation, it seems that 2016 may finally signal a return to normalcy, at least to some degree.
This webinar pairs a mortgage attorney with an elder law practitioner who will explain what a reverse mortgage is, offer a brief history of the Home Equity Conversion Mortgage, and review both the good as well as the bad points, especially as related to other family members. While reverse mortgages serve a purpose, they also come with their own unique set of considerations.
Join us for this “must attend” webinar for attorneys counseling clients on the advisability of getting a reverse mortgage to fund their golden years.
NY CLE (nt):
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