Seniors hold more than $6 trillion in home equity, and specific FHA-insured mortgage programs are aimed at helping them tap this wealth to assist with creating a growing line of credit, maximizing Social Security benefits, purchasing a new home and more.
Consumers obviously get to access the home equity they’ve built up over time, and lenders get to broaden their offerings to this large and growing demographic. In fact, in five years, 40 million borrowers will be eligible for these loans, with over 10,000 reaching qualifying age each day for the next 15 years.
Please join us to learn about the “generational lending” model a home-equity home program for senior consumers that can enhance your portfolio.
We will discuss:
· Details about Home Equity Conversion Mortgages and its uses
· The size and needs of the senior demographic
· Educational tools for mortgage lender employees and seniors
· How this product can help reduce reliance on the refi business