Reverse Mortgage Training

ellismt · Posted: Wed Sep 07, 2005 6:17 pm Post subject: Reverse Mortgage Training

Hi! I posted some training info in the learning center.

Hope it helps!

Haplo · Joined: 20 Jan 2005 Posts: 2406 Location: Springfield, IL

I was just thinking about this Matt, thanks for posting about it! I am certain you'll receive quite a few questions about this ;)

chow · Posted: Wed Sep 07, 2005 7:35 pm Post subject:

I think they are great for people, with the right situation!

I even had my mother in law buy a home, and go on a reverse mortgage with a line of credit for escrows.

Now-we need to explain-the Reverse mortgage is really a refinance, but a mortgage banker can do a purchase loan, then turn around and do a refinance in a couple of days-therefore-it's doable if they want to sell a house, and then go into a condo, on a reverse.

(I know-I just added another layer to your "training" blurb)

Just thought I'd throw that tool out there for you mortgage banker LO's. :wink:

I'll go back to my BK studies now.....

ellismt · Posted: Wed Sep 07, 2005 7:53 pm Post subject:

Haplo Posted: Wed Sep 07, 2005 7:31 pm Post subject:

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I was just thinking about this Matt, thanks for posting about it! I am certain you'll receive quite a few questions about this

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Thanks Travis! Hope to help any way I can.