Financial Freedom forms partnership with Seniors Real Estate Specialists Council to provide reverse mortgage educationMortgagePress.comFinancial Freedom, SRES, HECM, HUD, Seniors Real Estate Specialists Council, HECM for Home Purchase
Financial Freedom, one of the nation's largest lenders and
servicers of reverse mortgages, announced a partnership with
Seniors Real Estate Specialists (SRES) Council to provide
educational content and instruction to SRES member REALTORS
regarding the Department of Housing and Urban Development's Home
Equity Conversion Mortgage (HECM) program for reverse
mortgages.
This month SRES members have begun accessing regularly
scheduled, comprehensive webinars and local area seminars about
reverse mortgages.
Additional seminars will be provided once the new HECM for Home
Purchase program is implemented early next year. HECM for Home
Purchase will allow seniors to purchase a new home with a reverse
mortgage and eliminate any required monthly mortgage payments. This
may benefit seniors who may not easily qualify for a traditional
mortgage or who may qualify but do not want the monthly mortgage
payment.
Once the new provisions for the HECM program are implemented,
Financial Freedom and SRES will jointly create helpful tools and
guidance to assist SRES members with evaluating a range of options
regarding seniors' homes during retirement.
"We are very excited to form a partnership with Financial
Freedom who has led the development of the reverse mortgage
industry for the last 10 years," said Carol Kairis, managing
director, SRES spokesperson. "With their expertise and history of
first rate training, we are confident that our qualified SRES
members will absorb the in-depth knowledge necessary to meet the
specific needs of senior homebuyers."
"Financial Freedom is delighted to have an opportunity to work
with Seniors Real Estate Specialists Council and assist them in
their mission to help SRES members with home buyers making informed
decisions regarding for what many Americans is their single largest
asset, their home," said Michelle Minier, CEO of Financial Freedom.
"Reverse mortgages have proven to be a valuable tool, and the new
provisions of the Housing and Recovery Act will expand seniors'
ability to obtain a reverse mortgage with increased benefits and
lower costs."
For more information, visit www.financialfreedom.com
or www.seniorsrealestate.com.
