Course Catalog Louisiana Real Estate Finance Reverse Mortgage Loans for Purchase
Provider Name: Greater Baton Rouge Association Of Realtors, Inc
Address: 14101 Perkins Road Baton Rouge, LA 70810
Phone Number: (225) 761-2000
Website: http://www.gbrar.com

Course Summary

Finance Reverse Mortgage Loans for Purchase

  • Upon completion of this course:
  • The licensee will be able to recognize the advantages of using the Reverse Mortgage Loan (HECM – Home Equity Conversion Mortgage) for those individuals 62 and older.
  • The licensee will be able to help insure the property being purchased meets the Reverse Mortgage Loan minimum requirements.
  • The licensee will understand the key eligibility requirements of the Reverse Mortgage Loan and the mandatory obligations of the loan.
  • The licensee will be able to understand the process of the Reverse Mortgage Loan application and the closing costs associated with this type of home financing.
  • The licensee will also understand when the Reverse Mortgage loan is not a good option to be used by eligible client.
  • The licensee will be able to understand how the borrower’s loan amount is calculated based on age and interest rate (principal limit)
  • The licensee will understand what the demand feature is when the borrower’s die or vacate the home.
  • The licensee will understand the importance of working with the homebuyer through the mandatory homebuyer counselling and the homebuyer’s financial planner.
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Format: Classroom
Hours: 2.00
Price: Varies
Go to www.gbrar.com

Customer Reviews

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Course Schedule

There are no classroom dates currently scheduled.

Course Schedule

There are no classroom dates currently scheduled.

Agency Approval

Agency Approval Course Number Expiration
Louisiana Real Estate Commission 0285 04/04/2022

Instructors

Dan Mackey

Instructor: Daniel P. Mackey

Dan Mackey is a Senior Loan Officer in the Baton Rouge office of Assurance

Financial. He joined the team in December of 2011. Dan has been a specialist in the

mortgage and real estate industry for more than 35 years, offering a wide range of

knowledge on all perspectives of the loan process. He is licensed through the National

Mortgage Licensing System and Registry #91536.

Dan is an active member of the Baton Rouge community, with memberships in the LA

Mortgage Lenders Association, National Association of Real Estate Consultants,

Louisiana Realtors Association (has served as Region III vice president, member of

Executive Committee and Chair for multiple committees) Greater Baton Rouge

Association of Realtors (has served as President, Vice President, Secretary/Treasurer,

Realtor of the Year recipient, and chair of numerous committees) and the National

Association of Mortgage Brokers. Dan also serves as a Pre-licensing/Continuing

Education instructor for LA Real Estate Commission (LA Certificate #744), NMLS and LA

Office of Financial Institutions.

Dan is a graduate of Louisiana State University. Married to Karen Jennings Mackey for

39 years and has 3 grown children and 1 granddaughter. In his free time Dan is the

Creator / Producer of the Zip Zam family of BBQ sauces and enjoys competing in BBQ

competitions, fishing, golf and going to the beach.

Daniel P.

Reviews

4.0/5

By Herman Barbin on June, 17 2019

New ideas about how to use it more effectively

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5.0/5

By Sandra Jacobs on June, 14 2019

Gave me an option to help a client that this may be applicable to. Learned a lot that I didn't know about this type of mortgage.

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4.0/5

By Stonny Hammond on June, 14 2019

Informative

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5.0/5

By Theresa Blair on June, 14 2019

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