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

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




DANIEL P. MACKEY

Email: danmackey@bellsouth.net






BS in General Studies (Biological Sciences Major), Louisiana State University, Baton Rouge, Louisiana, 1980

CCIM, C-CREC, Certified Pre-Licensing and Post-Licensing Real Estate Instructor, Louisiana Real Estate Commission, 2000
present, Approved Pre-licensing and Post Licensing Loan Originator Instructor, La. Office of Financial Institutions, 2007 – present

Notary Public – Commissioned in Ascension Parish – Statewide Jurisdiction – Notary ID# 149972 – July, 2018 for Life


Professional Experience

Hancock Whitney Corporation, Baton Rouge, Louisiana June 24, 2019 - present
Mortgage Loan Originator – NMLS #91536

Assurance Financial Group, LLC, Baton Rouge, Louisiana Dec. 2011 – June 2019

Senior Loan Officer – NMLS # 91536

Key Mortgage Services, Inc., Baton Rouge, Louisiana Jan. 2005 – Dec. 2011

President/Owner/Residential Mortgage Loan Originator

Responsible for Day – to – Day management and Residential mortgage loan originations




Reviews

5.0/5

By Yvonne Dupont on 08/19/2019

Wonderful information and already sharing with clients!!

4.0/5

By Darla Hebert on 08/19/2019

4.0/5

By Herman Barbin on 06/16/2019

New ideas about how to use it more effectively

5.0/5

By Sandra Jacobs on 06/14/2019

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.

4.0/5

By Stonny Hammond on 06/14/2019

Informative

5.0/5

By Theresa Blair on 06/14/2019