Today’s Show:
Listen & Learn:
1:08 – Rebecca intros Tara Krieg
4:00 – Cons of Reverse Mortgages
9:38 – Tara’s outline on Reverse Mortgages
11:00 – Rebecca’s real-life example
13:03 – What is a HECM?
14:45 – What is a NBS?
16:11 – Tara’s real-life example
17:47 – Do you have to be married to get a HECM?
19:45 – What is capacity & willingness?
22:50 – Protecting mature Americans
24:30 – Eligible properties for HECM
25:00 – Who is an ideal candidate for a HECM loan?
27:47 – Tara’s personal example of a reverse mortgage
30:54 – What is the principle limit?
32:05 – What is the difference between a HECM vs a FHA/VA loan?
33:45 – Tenure payment vs line of credit
35:56 – The “catch” to having a reverse mortgage
37:40 – Rebecca’s closing
Special Guest:
Tara Krieg – Senior Loan Officer at AmeriFirst Financial
Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage related financial consulting and planning, and personal coaching of Junior Loan Officers.
Phone: 480-344-1951
Email: tkrieg@amerifirst.us
Website: www.tkteam.us