I frequently conduct Reverse Mortgage seminars and of course I encourage questions. Here are a few Q & A's from a recent event.
Q: What does HECM stand for? The term is used exclusively for FHA reverse mortgages. It stands for Home Equity Conversion Mortgage. Home equity is converted to cash with an FHA insured reverse mortgage.
Q: Who determines the value of my home? An FHA approved appraiser is hired to evaluate your home and determine the value. You pay for the appraisal up front with your credit card and you receive … (0 comments)
Are you interested in learning how to make your retirement dollars go farther? No longer is a Reverse Mortgage considered a loan to save desperate retirees. It is a financial strategy. Learn more from Spokane's Reverse Mortgage Specialist the benefits which may help you enjoy retirement with more money in your pocket.
Saturday, November 15th 1:00 PM -- Walk-ins welcome Shadle Library 2111 W Wellesley Spokane WA Presenter: Jack Tenold, Reverse Mortgage Specialist
The program is approximately 45 minutes and you are invited to ask questions. Bring a friend or neighbor. Admission is free. … (0 comments)
reverse mortgage questions: Reverse Mortgage Purchase? Seminar this Wednesday at Moran Prairie Library
- 09/11/11 06:46 PM
Reverse Mortgage Purchase? Jack Tenold will answer Spokane's Real Estate Agents' Questions at a seminar Wednesday. I frequently hear from Spokane's Real Estate professionals that they don't understand or they may have questions about how a home can be purchased with a reverse mortgage. You may call me anytime, of course, but I'm giving a seminar this Wednesday (Sept 14th at 1 PM at the Moran Prairie Library (6004 S Regal) and you are invited to stop by. Get your questions answered and then YOU can comfortably suggest to clients another choice for financing. Seniors are shopping for homes that are … (2 comments)
Reverse Mortgage Questions for Vancouver WA Retirees 
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