TREC Course#41958 Provider: Texas REALTORS® #0001
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.