Description:
This webinar will introduce how the FHA-insured* Home Equity Conversion Mortgage (HECM), more commonly known as a reverse mortgage, can be used when managing retirement goals and cash requirements while seeking to improve the probability of success. Attendees will learn how to model reverse mortgage funds in a client's retirement plan and how to reduce the amount of cash they hold in retirement cash reserves. There will also be a brief review of current information on the pros and cons of reverse mortgages, especially the changes in eligibility criteria. Four common uses of reverse mortgages will be reviewed.
Learning Objectives:
Upon completion of the program, attendees will be able to:
- Educate older clients on the pros and cons of FHA-insured* reverse mortgages.
- Present HECM solutions to clients tailored to their particular circumstances.
- Demonstrate the effects of reverse mortgage funds on an individual client’s financial strategies, using real-time reverse mortgage payment estimates.
Presenter Bio:
Timothy R. Jackson is the National Sales Manager for the Financial Planning Channel at Reverse Mortgage Funding LLC (RMF). With over 16 years of experience, he has helped over 1,000 older Americans enhance their retirement security through the wise use of reverse mortgages. He is also a licensed CE instructor providing training and CE credits for realtors, CFPs, CPAs, and insurance agents.
In 2009 Tim wrote the first application for the HECM for purchase in the country. At RMF, Tim specializes in educating financial planners on appropriate strategies for the use of the new reverse mortgage.
Primary Principle Knowledge Topic: Retirement Savings and Income Planning
CE Credits: NAPFA, NASBA, CFP