Seminar: Reverse Mortgages

Seminar: Reverse Mortgages
Event Date and Time: 
Thursday, October 24, 2019 - 12:15 to 13:15
Speaker: 
Terry Bivins, Federal Savings Bank

Description

Terry R. Bivins, HECM Senior Vice President at The Federal Savings Bank will be discussing “When Should You Consider a Home Equity Conversion Mortgage”.

For years, reverse mortgages were only considered as the loan of last resort. Today reverse mortgages are being considered to dramatically improve the success of retirement plans.

He will discuss using a reverse mortgage to:

  • Supplement Social Security
  • Create a Line of Credit
  • Refinance conventional mortgages with a HECM
  • How to use a HECM to purchase a home
He will also demonstrate the software used to determine loan amounts.

Materials

CLE Credit

  • This seminar is worth 1.00 hours of General MCLE credit.