Terry Bivins, Federal Savings Bank

Credit: 1.00 hour

Presentation Date: October 24, 2019

Materials

Description

Terry R. Bivins, HECM Senior Vice President at The Federal Savings Bank will be discussing “When Should You Consider a Home Equity Conversion Mortgage”.

For years, reverse mortgages were only considered as the loan of last resort. Today reverse mortgages are being considered to dramatically improve the success of retirement plans.

He will discuss using a reverse mortgage to:

  • Supplement Social Security
  • Create a Line of Credit
  • Refinance conventional mortgages with a HECM
  • How to use a HECM to purchase a home

He will also demonstrate the software used to determine loan amounts.

Questions

If you have any questions about the content of this seminar, you may contact Jessica Engle at jengle@cvls.org.

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