Webinar: Demystifying Reverse Mortgages and Renovation Mortgages: Empowering Your Financial Future
2024-06-20 10:00 - 11:30 (America/New_York)
Join Elville and Associates for an informative and engaging webinar designed to unravel the complexities of reverse mortgages and renovation mortgages. This comprehensive session is perfect for homeowners, prospective buyers, and financial advisors looking to deepen their understanding of these unique financial tools.
We’re pleased to welcome back Mortgage Advisor Marie Ritzenberg (NMLS# 215246) of Main Street Home Loans as she is joined by Tom Lauman (NMLS# 2419155), Reverse Mortgage Specialist of Main Street Home Loans!
Webinar Overview:
Part 1: Reverse Mortgages
• What is a Reverse Mortgage?
o Understanding the basics: How reverse mortgages work.
o Eligibility criteria and application process.
o Utilization for a home purchase OR a refinance.
• Benefits and Considerations:
o Pros and cons: Evaluating if a reverse mortgage is right for you.
o Common myths debunked.
• Real-Life Scenarios:
o How reverse mortgages have benefited real homeowners.
Part 2: Renovation Mortgages
• What is a Renovation Mortgage?
o Exploring different types of renovation mortgages (e.g., FHA 203(k), Home-Style Renovation Mortgage).
o Utilization for a home purchase OR a refinance.
o Eligibility and application process.
• Planning Your Renovation:
o Budgeting and project planning: Ensuring your renovation adds value.
o Working with contractors and understanding renovation costs.
• Financial Benefits:
o Increasing home value: How to maximize your investment.
o Tax benefits and energy-efficient upgrade incentives.
o Healthy Aging In Place Credits
• Real-Life Scenarios:
o Success stories: Homeowners who transformed their spaces with renovation mortgages – before & after.
Q&A Session:
• Get your questions answered by our mortgage industry experts.
To RSVP and receive your personal link to attend please click here! For CFPs, CPAs, and most other professionals, 1.5 continuing education hours will be available for attending this presentation.
Should you have any questions before the webinar, please contact Elville and Associates’ Community Relations Director Jeff Stauffer at jeff@elvilleassociates.com, or 443-393-7696 x117.
#elvilleeducation
#elvillewebinarseries

Webinar – The Advisors’ Forum: The New Corporate Transparency Act – What Advisors Need to Know
2024-06-21 10:00 - 11:00
Presented by Elville and Associates’ Managing Principal and Lead Attorney Stephen Elville, our second quarter Advisors’ Forum will focus on the new Corporate Transparency Act and reporting requirements involved in this new law.
Effective January 1, 2024, the Corporate Transparency Act (CTA) requires many business entities – such as corporations, limited liability companies (LLCs), and other similar entities – formed or operating in the United States to file Beneficial Ownership Information Reports (BOIR) with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
The CTA is part of the National Defense Authorization Act and includes significant reforms to anti-money laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, and tax fraud. It is the first ever federal legislation requiring the reporting of beneficial owners and is expected to impact more than 32 million existing businesses and over five million newly formed businesses per year going forward.
Topics include:
• Background about the CTA
• What are “Reporting Companies,” Company Applicants,” and “Beneficial Owners?”
• Who must file a “Beneficial Ownership Information Report (BOIR)?”
• What must be reported to the Financial Crimes Enforcement Network (FinCEN)?
• What are the exemptions?
• What steps must one take to comply?
• Filing deadlines and potential pitfalls, compliance and penalties
To RSVP ahead of time and receive your personal link to attend, please click here.
Should you have questions ahead of time, please contact Community Relations Director Jeff Stauffer at 443-216-9626 x117 or jeff@elvilleassociates.com.
For Certified Financial Planners, CPAs, and other professionals, 1.0 continuing education hour will be available for attending this presentation. We look forward to hosting you!
#elvilleeducation
#elvillewebinarseries
