Reverse Mortgages for Senior Homeowners – 4 hoursAs we live longer and longer lives, seniors have become the fastest growing demographic group in America. It is estimated that over 10 million own their homes free and clear.
Reverse Mortgages, now insured by the FHA, were created to allow seniors to use some of their equity. Instead of sending payments to the mortgage lender, however, seniors receive payments each month for life, get a big credit line or a huge cash lump sum and never have to make payments.
We will walk you through the ins-and-outs of this increasingly popular form of financing so that you can better serve your senior customers.
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