Webinar: Demystifying Reverse Mortgages and Renovation Mortgages: Empowering Your Financial Future

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.

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