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Home Equity Solutions for Divorced & Widowed Women

November 14 @ 2:00 pm - 3:00 pm

Divorced and widowed women may face unique challenges, such as a reduction in income or the need to relocate or buy out an ex-spouse. For those with substantial home equity, a reverse mortgage loan can be used to manage those challenges. Home equity can serve as an alternative source of cash, assist with long-term care risks, or eliminate a monthly mortgage payment*. The reverse-for-purchase loan can even help a client purchase a new home with no required monthly mortgage payment*.

Register below to learn:

  • The basics of a reverse mortgage loan
  • How to buyout a spouse with a reverse mortgage and stay in the home
  • How to purchase a new home with the H4P – Reverse for Purchase loan
  • Review case studies of using a reverse mortgage as a financial solution

Webinar is free, earn 1 CFP CE credit with an $8 processing fee.

*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. With a HomeSafe Second loan, borrowers must continue to comply with all the terms of the first mortgage.

Details

Date:
November 14
Time:
2:00 pm - 3:00 pm
Website:
https://financeofamerica.zoom.us/webinar/register/7617238343247/WN_9bF1mYRlQvGFG4_QG8vBPg