| CPE Hours: 1 (
Federal:1
) |
Publication Date: 02/23/2007 |
Cost: $15.00
|
Level: Basic |
Author:
Lee Reams |
|
Prerequisites: No prerequisites or advance preparation needed.
Delivery Method: Self-Study
This course teaches the mechanics of qualifying for and obtaining a reverse mortgage and how reverse mortgages can be used to financially aid senior citizens with a variety of financial needs. Includes income tax and estate planning implications.
Final Exam Grading Policy: Course material must be completed within 12 months of purchase. A score of 70% or better is needed for passing. The completion certificate will be automatically generated by the system.
This text is divided as follows:
Home as a Retirement Planning Vehicle 2
Eligibility Requirements 3
Estimated Loan Amounts 3
Mortgage Insurance 3
Loan Options 4
Tax & Assistance Program Implications 4
HUD Counseling Requirements 5
Loan Repayment 5
Costs Involved With a Reverse Mortgage 5
Planning Issues 5
Review Questions 7
By completing this course a student will learn the mechanics of qualifying for and obtaining a reverse mortgage. In addition, a student will learn how reverse mortgages can be used to financially aid senior citizens with a variety of financial needs.
CTEC
NASBA
IRS - Enrolled Agents
