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Welcome to Reverse Mortgage Training! We will provide training resources, tips, tools, and tricks. We will also provide career opportunities, jobs, and what types of skills and training is required to succeed in the reverse mortgage industry.
Fist off, what is a Reverse Mortgage?
A reverse mortgage is a type of home equity loan that allows you to convert some of the equity in your home into cash while you retain home ownership. Reverse mortgages work much like traditional mortgages, only in reverse. Rather than making a payment to your lender each month, the lender pays you.
Unlike conventional home equity loans, most reverse mortgages do not require any repayment of principal, interest, or servicing fees for as long as you live in your home. If you are age 62 or older and are house-rich, cash-poor, a reverse mortgage may be an option to help increase your income.
Are companies hiring Reverse Mortgage loan officers and brokers?
Yes! Reverse Mortgages are currently a very popular option for senior homeowners. With a down economy, and HELOC and refinancing funds basically non existent, seniors are exploring the reverse option to help them stay in their homes and eliminate large monthly mortgage payments.
We have also seen large trend in reverse mortgages as better option than short sales or foreclosure.
Marketing Tips
Even though it is costly, pay per click advertising is a great lead generation tool for the Reverse Mortgage Industry. Use a PPC Caclulator to determine how much you are spending on leads and closed business.
