Understanding reverse mortgage as a real estate practitioner - Ask the Expert Jason Eichmiller

Since 2008, Jason Eichmiller has helped more than 450 (and the list is growing) seniors and their families learn about and get reverse mortgages. He's educated scores of financial advisors, attorneys, CPA’s, realtors and other folks on the Reverse Mortgage Pros and Cons.

His goal for clients:  "I’m going to make 110% sure that you can afford to live in your home."

And today, we are so excited to share this Ask The Expert episode where Jason dispels the myths of reverse mortgage loans and shares how beneficial a basic understanding can be for families in real world applications.

WATCH: https://youtu.be/D6Qe4UII8k0
Full Podcast Page: https://probatemastery.com/reverse-mortgage-probate-after-death-heirs-house

0:00 The truth about reverse mortgages
5:30 Who are reverse mortgages good for?
7:06 Reverse mortgage explained: what is it and how does it work?
8:07 Reverse mortgage loan: Who can get one and who owns the house?
9:05 What happens to a reverse mortgage after death:
9:19 Amortization in Reverse mortgage vs. Conventional mortgage monthly payments
11:01 HELOC vs. Reverse mortgage rates and benefits
14:50 Reverse mortgage real world applications
17:27 How to talk about reverse mortgage and real estate without scripts
20:46 How to get real estate referrals from lenders that specialize in reverse mortgages
21:59 Combining life insurance with reverse mortgages for end of life planning
Clips:
25:04 What happens to a reverse mortgage when the owner goes into a nursing home?
27:26 Selling a house with a reverse mortgage timeline (Or keeping and refinancing mom's house)
30:31 Timeline for reverse mortgage after death: What do heirs need to do?
34:52 Jason's 'reversed mortgage script' for talking to heirs about a parent’s reverse mortgage
36:29 Including reverse mortgage services in your probate marketing

Learn more at www.probatemastery.com