HECM professionals to gather in Texas for Reverse Mortgage Day

The initial first month cash draw for the HECM Standard far surpasses the first. before attendees of the Texas Mortgage Bankers Association Reverse Mortgage Day in Houston in early September.

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TMBA’s Reverse Mortgage Day will be held at the Driskill Hotel in Austin, Texas on Thursday, September 7th; starting with a welcome reception the evening of September 6th. [ tentative schedule ] In the last 16 years and now this year, TMBA will bring together industry professionals from all over the country to the Lone Star State seeking strategic options and information about the business of reverse mortgage lending.

A Home Equity conversion mortgage (hecm), commonly known as a reverse mortgage, is a federal housing administration (fha) insured loan which enables seniors to access a portion of their home’s equity to obtain tax free 1 funds without having to make monthly mortgage payments 2.With a HECM loan, borrowers still own their home.

Texas Reverse Mortgage will always encourage prospective clients to invite family members to be a part of the discussion with us during the education process. We meet with a majority of our clients in person, eye-to-eye, to ensure you are comfortable and informed. For the absolute best service and unparalleled expertise, call your hometown Texas Reverse Mortgage / HECM specialists today!

It’s possible with a Home Equity Conversion Mortgage (HECM), a solution more Real Estate Professionals and their clients are discovering every day. The concept is simple. Your clients contribute a portion (e.g. 60%) of the new home purchase price using proceeds from the sale of their previous home or other financial resources, like savings.

A reverse mortgage, also known as the home equity conversion mortgage (hecm) in the United States, is a financial product for homeowners 62 or older who have accumulated home equity and want to use this to supplement retirement income. Unlike a conventional forward mortgage, there are no monthly mortgage payments to make.

eNewsChannels NEWS: — The following ReverseVision experts, whose expertise on the Home Equity Conversion Mortgage (HECM) ranges from HUD guideline interpretation to market analysis to education, are available for interviews regarding HUD’s planned changes to the HECM program.

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