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NRMLA Uses Webinars to Educate Borrowers on HECMs

The National Reverse Mortgage Lenders Association along with Next Avenue teamed up for an educational webinar for borrowers who may unsure on whether or not a reverse mortgage loan is right for them.

"The panel, held as a part of Reverse Mortgage Education Week, included representatives from NMRLA, the reverse mortgage lending community, the National Council on Aging, publication Magnify Money and the financial planning industry," according to Reverse Mortgage Daily.

Next Revenue did much of the promotion of the webinar, which picked up a few attendees, according to the report. Attendees were able to ask questions and receive clarification on what you need to think about when it comes to going with a reverse mortgage.

"Other attendees asked for explanations about the difference between fixed-rate and adjustable-rate reverse mortgages, and jumbo versus Federal Housing Administration-insured reverse mortgages," according to the report.

This is a great way to inform borrowers about HECMs to help them make a sound decision when seeking options. Companies can use outlets such as webinars to make sure their clients are well-versed in the product.

To learn more about the webinar and some of the questions attendees were posing, click on the image above.

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