With the FHA reverse mortgage loan extension expiring later this month, reverse mortgages are sure to be a hot topic in the weeks to come. In the face of continuing financial strain, reverse mortgages haven't worked for every homeowner who has implemented the plan. However, the ups and downs haven't completely eliminated reverse mortgages from the market, and in fact, as they become a primary topic of conversation, the demand for more information and education might even be opening doors for reverse mortgage originators and professionals. As big financial institutions depart from the industry, smaller lenders have begun to pursue market shares, and reverse mortgage companies are looking to hire new reverse mortgage originators and other reverse mortgage professionals.
Chicago-based broker-turned-reverse mortgage-professional Scott Tucker has extensive experience in the industry, and though he's made his own success in the past few years, he could fill the recent need for more reverse mortgage professionals. Tucker began as a mortgage marketing expert, creating his own system for mortgage marketing that involved what he called an emotional direct response mortgage marketing system. He focused intently on niche markets and potential clients he was confident would do business with him. He is known for using testimonials, case studies and unbelievable statistics to demonstrate the success his system provided. When the housing market plummeted and the economic conditions in the nation continued to worsen, more homeowners faced eviction or foreclosure, and Tucker capitalized on the need he saw in the marketplace. He became a proponent for reverse mortgages, using much of the same testimonial and success story-based marketing to promote his services.
He authored a book titled, "Reverse Mortgages: what you need to know from Z to A," and he has conducted workshops and seminars for potential clients to become informed, educated and confident in the value of reverse mortgage plans. He works to dispel common misconceptions people have about foreclosure and reverse mortgages and help them reach peace of mind in a time of high financial uncertainty and stress. For example, many people believe that in a reverse mortgage program, the bank owns the house. But Tucker says this is not true; the homeowner maintains ownership of the house, even to the point that he or she may leave it to children or grandchildren for the future. Tucker also says, despite common beliefs, reverse mortgages don't leave clients in debt.
Although reverse mortgages have come under fire in recent months due to continuing economic hardships and the fact that they do not work for some people, it is important not to discount the importance they hold for the people who use them successfully. "Reverse mortgages are full of pitfalls and they are very expensive-but they are very valuable to the people for whom they work," said a counsel for the National Consumer Law Center in an msnbc.com article. "If you are sitting on a mortgage and you can afford to make payments on it, and have home equity and other assets, this is probably not a good idea. But if you are 85 years old and have $250 a month in income and a $500,000 house, it's a great idea no matter how much it costs, because the lender will give you money you don't otherwise have."
Reverse mortgage experts can break down these complex nuances to potential clients, which could decrease the number of people who have problems with reverse mortgages.
Tucker has extensive experience working with people to educate and inform, so his experience and depth of client base success stories could make him an excellent candidate for the openings in national banks and other institutions related to the departure of big firms from the marketplace.
Chicago-based broker-turned-reverse mortgage-professional Scott Tucker has extensive experience in the industry, and though he's made his own success in the past few years, he could fill the recent need for more reverse mortgage professionals. Tucker began as a mortgage marketing expert, creating his own system for mortgage marketing that involved what he called an emotional direct response mortgage marketing system. He focused intently on niche markets and potential clients he was confident would do business with him. He is known for using testimonials, case studies and unbelievable statistics to demonstrate the success his system provided. When the housing market plummeted and the economic conditions in the nation continued to worsen, more homeowners faced eviction or foreclosure, and Tucker capitalized on the need he saw in the marketplace. He became a proponent for reverse mortgages, using much of the same testimonial and success story-based marketing to promote his services.
He authored a book titled, "Reverse Mortgages: what you need to know from Z to A," and he has conducted workshops and seminars for potential clients to become informed, educated and confident in the value of reverse mortgage plans. He works to dispel common misconceptions people have about foreclosure and reverse mortgages and help them reach peace of mind in a time of high financial uncertainty and stress. For example, many people believe that in a reverse mortgage program, the bank owns the house. But Tucker says this is not true; the homeowner maintains ownership of the house, even to the point that he or she may leave it to children or grandchildren for the future. Tucker also says, despite common beliefs, reverse mortgages don't leave clients in debt.
Although reverse mortgages have come under fire in recent months due to continuing economic hardships and the fact that they do not work for some people, it is important not to discount the importance they hold for the people who use them successfully. "Reverse mortgages are full of pitfalls and they are very expensive-but they are very valuable to the people for whom they work," said a counsel for the National Consumer Law Center in an msnbc.com article. "If you are sitting on a mortgage and you can afford to make payments on it, and have home equity and other assets, this is probably not a good idea. But if you are 85 years old and have $250 a month in income and a $500,000 house, it's a great idea no matter how much it costs, because the lender will give you money you don't otherwise have."
Reverse mortgage experts can break down these complex nuances to potential clients, which could decrease the number of people who have problems with reverse mortgages.
Tucker has extensive experience working with people to educate and inform, so his experience and depth of client base success stories could make him an excellent candidate for the openings in national banks and other institutions related to the departure of big firms from the marketplace.
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Before you buy anything online, make sure you check Scott Tucker's excellent free report on avoiding fraud!
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