Description

*THIS IS A BROADCAST CLASS. WE WILL MEET VIA ONLINE VIA BROADCAST ZOOM. NO IN-PERSON CLASS SEATS ARE AVAILABLE FOR THIS CLASS

Course #:     41958  Provider #:  1, Texas REALTORS®   Hours: 2 CE

Cost: $20 for CCAR Members and $30 for Non-CCAR members      Instructor: Eric Rittmeyer 

This Reverse Mortgage class is an introduction to the federally insured Home Equity Conversion Mortgage (HECM) Program. The course provides attendees with an in depth explanation and understanding of how the Reverse Mortgage operates and who qualifies. Some of the topics covered include payment options, borrower obligations, settlement costs and interest rates. In addition, the class provides up to date information on major changes FHA has made to the program, including the Reverse Mortgage for Purchase, income and credit qualification, protection for spouses under the age of 62 years old, and many others.

An email containing the Zoom link will be provided a day before the class. Prior to class, attendees will receive an email with information on setting up a Zoom account and links to class materials, if applicable. To participate in class, a functioning Web camera is necessary.