07 Aug Hidden Listings: Have you looked in Reverse? Hidden Listings: Have you looked in Reverse? Wednesday, August 7, 2024 (11:00 AM to 12:30 PM) 0.00 CE Hours OC REALTORS® Fountain Valley, Fountain Valley, California Details You're Registered! DescriptionLocationInstructors 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. Learn about how the reverse mortgage works AND how it can work for YOUR business! OC REALTORS® Fountain Valley - Training Room OC REALTORS® Fountain Valley (Training Room)10540 Talbert AvenueSuite 225 West BuildingFountain Valley, CA 92708 Map & Directions Ryan Kleis Ryan Kleis has been in the mortgage industry for over 18+ years and is the co-founder of Reverse Mortgage Educators, Inc. Reverse Mortgage Educators consists of a team of professionals who provide information to customers and real estate agents about Reverse Mortgages. There are many ways to use a Reverse Mortgage, but the education of the product is important for customers and agents to know.Reverse Mortgage Educators, Inc. created a program to help customers and agents better understand the benefits a Reverse Mortgage can provide to their lifestyle. An agent can step in and help homeowners purchase a better home for them without bringing on more financial burden in their daily lives. Likewise, agents who understand the reverse mortgage are able to assist the families of those who have one as well. Ryan Kleis teaches these educational seminars for real estate agents all across California.