05 Aug Reverse Mortgage for Real Estate Professionals Reverse Mortgage for Real Estate Professionals Thursday, August 5, 2021 (9:00 AM to 12:00 PM) 3.00 CE Hours Orlando Regional Realtor Association, Orlando, Florida Finance Details You're Registered! DescriptionLocationInstructors Reverse Mortgages for Real Estate Professionals ORRA Member Pricing: $10 Instructor: Eric Rittmeyer Separate myth from reality The Reverse Mortgage class is an introduction to the federally insured Home Equity Conversion Mortgage (HECM) Program. The course provides attendees with an in depth explanation and understanding of how the Reverse Mortgage operates and who qualifies. The class also provides up to date information on major changes FHA has recently made to the program, including the Reverse Mortgage for Purchase, Financial Assessment (Income/Credit guidelines) and protections for spouses that are not yet 62 years old. After this course, you will understand: • Payment options • The processing and repayment procedures • Differences between a Reverse Mortgage and a Home Equity Loan • Borrower eligibility requirements and obligations • Settlement costs and interest rates • How to use the Reverse Mortgage for the purchase of a new home ATTENDANCE POLICY 1. CE credit will not be awarded if login is not complete by 9:15 a.m. No exceptions. 2. FREC requires a licensee attend 90% of each of the classroom hours. You must be logged into the webinar for the duration of class for your attendance to be tracked. Orlando Regional Realtor Association Orlando Regional Realtor Association1330 Lee RdOrlando, FL 32810 Map & Directions Eric Rittmeyer Eric Rittmeyer, CRMP Fidelis Mortgage Eric Rittmeyer is the President of Fidelis Mortgage located in Baltimore, Maryland. Eric is a veteran of the U.S. Marine Corps and has been in the mortgage industry since 1998. Fidelis Mortgage specializes exclusively in the Federally Insured Reverse Mortgage program and is licensed in Florida, Mary, and Virginia. Eric has been conducting continuing education classes to various organizations and associations since 2007. In June, 2010, Eric was the first person in the United States to obtain the Certified Reverse Mortgage Professional (CRMP) designation.