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MTG7401

Course
MTG7401
Course Title
Reverse Mortgages for Senior Homeowners

Description

Reverse mortgages are becoming increasingly popular among senior homeowners. Understand the terms, fees and options associated with a reverse mortgage. This course is approved for four hours of CE elective credit with the NCREC.

Objectives

Students will be able to

  • Determine eligibility for reverse mortgages

Content

1.     Introduction

2.     Reverse Mortgages:  Yesterday, Today and Tomorrow

3.     A Guide to the Reverse Mortgage Plans

4.     The Reverse Mortgage Loan

5.     Reverse Mortgage Expenses, Fees and Closing Costs

6.     Tax Benefits and Treatments, Annuity Issues and Rebuilding an Estate

Prerequisites

None

Method of Instruction

Lecture, Discussion

Evaluation

None