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Two Controversial Mortgage Products Agents Should Know About

January 16, 2014 11:15 am

We already know from NAR that 1 in 4 home sales in 2012 involved a seller over the age of 65. It’s also no secret that the aging population is growing rapidly, creating the commonly referred to “Senior Tsunami.” With this massive demographic shift and impending related changes in the real estate market, agents have little choice but to expand their knowledge base in order to better serve this aging clientele and the buyers of their homes.

Reverse Mortgages

There seems to be a lot of curiosity (and skepticism) these days around the reverse mortgage products on the market and whether or not agents should familiarize themselves with them. Of course, we have all seen the infomercials featuring Fred Thompson, Henry Winkler, and others touting the many virtues of the Reverse Mortgage for older homeowners, but why should real estate professionals learn about them?