Reverse Mortgage Toolkit for Real Estate Agents

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Education & Training with Realty Group Referrals 16766

Reverse Mortgage Toolkit for Real Estate Agents

 

Jenny Werwa, Director of Public Relations for the National Reverse Mortgage Lenders Association is  a new member of ActiveRain. Please welcome her to ActiveRain and use her as a resource to learn more about the most effective use of reverse mortgages. 

You can email Jenny with your questions at jwerwa@dwerbell.com or call her in Washington, DC at 201-939-1783. Click on the following link to download a reverse mortgage toolkit:

Using a Reverse Mortgage to Buy a Home: A Toolkit for Real Estate Agents

 

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Topic:
Lending / Financial
Location:
Maryland Montgomery County Gaithersburg
Tags:
roy and dolores kelley photographs
reverse mortgage toolkit for real estate agents

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Rainmaker
1,367,859
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Roy - thank you for the introduction.  This is a growing field.

Dec 05, 2017 12:45 PM #1
Rainmaker
611,590
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Good information. Thanks Roy!

Dec 05, 2017 01:29 PM #2
Ambassador
3,367,107
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am not a fan of reverse mortgages but will welcome our new member.

Dec 05, 2017 06:03 PM #3
Ambassador
1,839,653
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Roy, thank you for the introduction to Jenny, we can all use more information about reverse mortgage. 

Dec 05, 2017 06:35 PM #4
Rainmaker
3,223,535
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Roy

Real estate professional should aware how Reverse Mortgages work.

Good luck and success.

Lou Ludwig

Dec 05, 2017 07:44 PM #5
Rainmaker
2,484,596
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Roy I know how reverse mortgages work and it is not good for those who do them and it is not good for their estate either, just my two cents, Endre

Dec 05, 2017 11:42 PM #6
Rainmaker
3,711,386
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I missed reading the original one 

Dec 06, 2017 02:51 AM #7
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much for your comments. It is always good to hear from you.

Dec 06, 2017 04:00 AM #8
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Endre Barath, Jr. 

A reverse mortgage can be a lifeline for a better quality of life for those who have substantial home equity but an inadequate income and no other resources. Some seniors have to pass on needed medications and other basic needs in order to have food on the table.

Dec 06, 2017 04:14 AM #9
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs
Donations Needed for Holiday Giving Programholiday
The City of Gaithersburg estimates that it will serve more than 1,600 children during its annual Holiday Giving program in December. The donation of new toys and new hat, scarf and glove sets is greatly appreciated. Monetary donations that will allow staff to purchase gifts to supplement the donated toys are also welcome and can be made online. Click here for more information. 
Dec 06, 2017 04:21 AM #10
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs
Loose Leaf Collection Underwayleaf
Fall loose leaf collection is now underway for single family and townhouse owners. Place your leaves at the street curb by 7 a.m. on your regular recycling day. Note that leaves placed in alleys or mews will not be collected. The weekly collection continues through the last week of December, weather permitting. Any time during the year you can bag your leaves in biodegradable brown bags and leave them curbside with your other recyclables.
Dec 06, 2017 04:39 AM #11
Rainmaker
3,931,825
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for the introduction, Roy.  I will head over to her page and say hi.

Dec 06, 2017 05:22 AM #12
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs
Immigration 
Statement from Chief Srokachief
The U.S. Court of Appeals ruled in 2013 that state and local law enforcement officers do not have the legal grounds to stop, detain, search, or arrest any individual based solely on an ICE civil warrant, unless they have been deputized by ICE to do so. No officer in the City of Gaithersburg has been deputized to enforce federal immigration laws. Gaithersburg Police Chief Mark Sroka recently issued a video statement reaffirming that undocumented immigrants in the City of Gaithersburg should not fear the police. Officers will not detain or arrest undocumented immigrants simply for being undocumented. To keep the City safe, it is important for ALL residents to feel comfortable coming forward to report incidents and crimes. Watch the statement and read the Spanish translation here
Dec 06, 2017 12:54 PM #13
Rainmaker
296,912
Jack Tenold
Caliber Home Loans, Inc. NMLS 15622 - Spokane, WA
Conventional and Reverse

Thanks Roy.  Good information and it makes my job easier.   A reverse mortgage was once thought to be only for desperate people but not any more!

Dec 06, 2017 04:48 PM #14
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Your comments are always welcome and are very much appreciated.

Dec 07, 2017 05:37 AM #15
Rainer
100,216
David A. Weaver
Peoples Bank & Trust - Scottsdale, AZ
23 years helping folks finance their homes.

Another good post, and judging from some of the comments, there is still quite a bit of negative bias out there.  Realtors should look into the use of the HECM for purchase for their senior clients, fixed rate, buy more house, not tie up all their cash, live mortgage payment free, etc., lots of advantages.  And FHA just updated the rules, worth a look.

Dec 08, 2017 11:56 AM #17
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

David A. Weaver 

I suspect that the majority of agents lack the needed knowledge to recognize the prospects that could benefit from a reverse mortgage.

Dec 08, 2017 12:26 PM #18
Rainmaker
4,272,298
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good Monday morning to all. Have a great day and an outstanding week.

Dec 11, 2017 03:49 AM #19
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