Learn about how the reverse mortgage works AND how it can work for YOUR business!

These are the 3 reasons why REALTORS® are still learning about reverse mortgages…

1. Older homeowners are having a hard time getting a reverse mortgage
   Depending on their age, clients may find qualifying for a reverse mortgage more difficult than years before. When this happens, even if they didn’t initially plan on it, older homeowners may need to sell their home. According to the National Association of REALTORS®, 59% of the homes sold last year were from homeowners 57+ years old.

2. Heirs of reverse mortgages need an agent’s help
   There are currently over 94,000 active homes with reverse mortgages in CA. When the heirs inherit these homes, some of them will have a hard time getting control of the property. They will need a real estate agent to help them with the sale. How can you make sure to get to these clients before someone else does?

3. Older homeowners are having a hard time qualifying to buy with a regular loan
   Many older homeowners are finding their fixed income will not qualify for traditional financing. So why would they sell their current home? This is when a reverse mortgage for purchase (R4P) can help. This loan can be approved where traditional loans fail, and with R4P, your clients can increase their purchasing power AND have the option to skip monthly mortgage payments.

Thursday, March 28th 
10:30 a.m. – 11:30 p.m. | Held virtually via Zoom

To register click here

ATTENDANCE POLICY

No Charge Classes:  EVAR members will incur a $10 No Show Fee if you do not cancel, in writing, 1 day prior to the class.  This will allow members on a waiting list the opportunity to attend.

Paid Classes:  If you must cancel or reschedule a refund MAY be issued, IF the Association is notified in writing or by email 1 day prior to the class.

Cancelled Classes:  EVAR reserves the right to cancel or reschedule any course.  If cancellation occurs, EVAR will issue a full refund. In the case that a course is rescheduled, EVAR will send you immediate notification and transfer your reservation (including payment) to the new date.  If the new date does not work for your schedule, you will be issued a full refund.

East Valley Association of REALTORS® does not endorse the view, opinions, policies or activities of the person or entity by the use of our facility or marketing materials.