Stay at your workstation and experience a virtual presentation!
Presentation:
Is Today's Older Homeowner Sitting on a Gold Mine?
Presenters:
Jerry Auippa, CRMP | Longbridge Financial, LLC
Date/Time:
Thursday, June 20th
12:00 pm to 1:00 pm
Location:
Virtual through Zoom
This presentation has been approved for 1 CFP CE!
About the Presentation: Elderly homeowners own close to $13 Trillion in home equity, and many are struggling with a financial plan that fully funds their lifetime expenses, yet financial advisors often overlook this hidden wealth. Why? In this 1-hour presentation, we take a deep dive into the FHA Home Equity Conversion Mortgage (HECM) and new attractive and low-cost proprietary products to understand how it can improve the retirement plans of clients, protect against longevity risk, be optimized to fit with client goals, and to do so in an ethical and compliant manner. Home equity is one of the largest sources of assets for clients, and reverse mortgages can unlock this hidden wealth in a safe and standardized manner. With new, best interest and compliance standards for financial advisors, the value of considering home equity in the planning process is growing.
- Review changes to the HECM program over the past several years that have strengthened consumer protections.
- Understand core foundation of reverse mortgages including qualification, ongoing requirements, consumer protections, costs, disbursement of funds, credit line growth, and settlement.
- Demonstrate impact of funds from home equity in improving outcomes for retirement planning and estate planning.
- Discover unconventional techniques for financing preferred care and appropriate housing.
- Learn how to “Right-size” a home without downsizing cash flow.
About the Presenter: Before making the move to reverse mortgages, Jerry Auippa spent 25 years in the Hospitality industry – with his last 6 years serving as General Manager of Food and Beverage at the Golden Nugget Casino in Laughlin, Nevada. In this role, Jerry helped seniors every day, and saw the financial challenges many of them face in retirement. After a life-changing accident forced Jerry to leave the hospitality industry, a switch to a career in Reverse Mortgages aligned perfectly with his values and lifestyle. For the last decade, Jerry has worked alongside professionals in the financial services industry to show them how reverse mortgages can be used to strengthen their client’s retirement.
