24 Aug (H) The Reverse Mortgage for Real Estate Professionals - 3 CE (H) The Reverse Mortgage for Real Estate Professionals - 3 CE Monday, August 24, 2015 (9:30 AM to 12:30 PM) 3.00 CE Hours Details You're Registered! DescriptionLocationInstructors This class offers 3 hours CE Sign-in: 9:00 am Class: 9:30 am - 12:30 pm Members: $15 / Onsite: $25 Non-Members: $30 / Onsite $50 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 Eric Rittmeyer 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. Eric has been presenting to professional organizations and associations since 2007. In June 2010, he was the first person in the United States to obtain the Certified Reverse Mortgage Professional (CRMP) designation.