2016 07 07 Peter Bell On Reverse Mortgage

Tonight’s special guest on The Stark Group LIVE is Peter Bell – the CEO of the National Reverse Mortgage Lenders Association (NRMLA). Peter Bell is also a policy analyst and trade association executive focused on the topics of urban development, affordable housing, and aging issues. Peter begins tonight’s discussion by talking about what reverse mortgage, which Peter describes as a form of home equity loan with a deferred payment feature. Other topics covered include credit requirements needed for a reverse mortgage application, the process and length of reverse mortgage application, why there shouldn’t be a negative attitude toward reverse mortgage and reverse mortgage mandatory counselling.