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Everything You Need to Know About Reverse Mortgages: What They Are; When and How to Get One; Pitfalls and Advantages

SKU: REL1200N
Total Credits
2 - 2.5
Price$100
CDs/DVDs Only
This course is only available in CD/DVD format.
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Description

Learn from an expert in the field the real facts behind reverse mortgages. Understand the rules, who qualifies, the advantages as well as who should not apply for one.

Some of the topics to be discussed include:

  • Background of reverse mortgages
  • What is a reverse mortgage?
  • Options and eligibility
  • Obtaining the funds and what they can and can’t be used for
  • Process of getting a reverse mortgage: application: eligible properties; trusts and life estates; underwriting; closing; funding and servicing
  • Pitfalls of reverse mortgages
  • Alternatives to reverse mortgages
  • Advanced uses of reverse mortgages

Lecturer Bios

Alfie Schloss

Reverse Mortgage Loan Originator Current Associated Mortgage Bankers Reverse Mortgage Specialists Previous MetLife Home Loans, Wells Fargo Bank, NA, Technicolor Education Syracuse University

Kevin McMullen, Esq.

Kevin P. McMullen, Esq. earned his J.D. from St. John’s Law School, Brooklyn, an L.L.M. from NYU Law School and an M.A. in comparative government and a certificate in international law and diplomacy from St. John’s, Jamaica. He worked for a firm specializing in trusts and estates and was house counsel for a small corporation before joining the Marino Bar Review Course and then Marino-Josephson/BRC. He is now a ghost writer, specializing in law and military affairs. A long-serving reservist, Mr. McMullen was retired with the rank of lieutenant colonel (infantry) after serving in Germany, Panama and Korea. He is an honor graduate of the resident course at the United States Army Command and General Staff College, and he is also an alumnus of the Air Staff College, the Naval War College, the Air War College, and the Industrial College of the Armed Forces. Mr. McMullen is a long standing NYCLA member and has served on the Library Committee and International Law Committee.



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