Brown Bag Lunch: Reverse Mortgages

Date: Wednesday, October 5, 2016
Time: 12:00pm - 1:00pm
Location: Mass School of Law
Speaker: Stephen Greenberg

Location: Massachusetts School of Law, 500 Federal St, Andover, MA 01810
Phone: (978) 681-0800

Speaker: Stephen Greenberg of Reverse Funding

Topic: Reverse Mortgages

1 CFP CE credit will be earned at the Reverse Mortgage presentation

Using Home Equity to Close the Gap for a New Generation of Retiree’s.

The good news is we’re living longer. Unfortunately, the challenge is that with longevity comes cost and 3 client questions. Will I outlive my money? How can I add longevity to my retirement funds? How can I either create or increase my “rainy day” fund so it will be there when I need it?
The Federal Housing Administration (FHA) has made significant changes to their Home Equity Conversion Mortgage (HECM) program over the last 2 years and those changes have led to a renewed interest and place for a HECM, as an integral piece of the retirement puzzle. Independent studies by Leaders in the financial field have shown that incorporating a HECM as a piece of the retirement puzzle, can greatly alleviate those concerns.
In this seminar we will review the basics of a HECM, the FHA changes, and just how and where a HECM can assist in answering those 3 questions using up to date real life scenarios.
Ask yourself these questions: How can I protect my client against future long term care needs? Do my clients need additional income? What is, and how can my client use a “Standby Line of Credit”? Can my Client refinance their conventional mortgage with a HECM? Can my client use a HECM to “rightsize” to a new home? We’ll answer these questions and more to give you an understanding of who and what to look for in determining which of your clients can benefit most by incorporating a HECM as part of their retirement puzzle.

Speaker BIO:  Stephen is a licensed HECM Specialist at Reverse Mortgage Funding LLC. Since 2005, he has been educating older adults, their families, and trusted advisors on the features and potential benefits of the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage. Working with Financial Advisors, Attorneys, CPAs, Insurance professionals, Banks and Credit Unions, Stephen blends his professionalism, knowledge, and easy going demeanor, to demystify HECM reverse mortgages. Thus assisting professionals and their clients in understanding how the addition of a HECM can enhance the retirement plans of a new generation of retirees. With the recent changes to the FHA HECM program and independent studies done by leaders in the financial field, today’s HECM has been proven to be an essential addition to one’s retirement goals.
Licensed in MA. RI. CT. & NH /Serving Nationwide


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