What the HECM, The Realities and Risks of Reverse Mortgages

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Investing, Business

4.6 • 704 Ratings

🗓️ 8 November 2009

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

TEAM of Experts and Guests - Your Host, Robert Helms - Co-Host and Financial Strategist, Russell Gray - The Godfather of Real Estate, Bob Helms - Certified Mortgage Planner Mark Coach Soto On this week's show we'll discuss: - Who Should Consider a Reverse Mortgage and Who Qualifies - The Nuts and Bolts of a Home Equity Conversion Mortgage - Understanding FHA Insurance and Third Party Counseling - Common Misconceptions About Reverse Mortgages - Ways to Use the HECM as an Investment ToolPlease give us some feedback - write a review and rate us on our itunes page!

Transcript

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0:00.0	Welcome to the Real Estate Guys Radio program. I'm your host, Robert Helms. What in the world is a reverse mortgage? Well, we're going to talk about them today with an expert also. You're going to find out if it's a good tool for investment or not. Stay tuned. This is the Real Estate Guys Radio Network.
0:16.3	This podcast is brought to you by audible.com, the internet's leading provider of spoken word entertainment.
0:24.0	Get a free audiobook download of your choice when you sign up today.
0:29.2	Log on to audiopodcast.com forward slash real estate guys today for details.
0:36.0	Welcome to the Rebel Estate Guys Radio program.
0:38.5	I'm your host, Robert Helms.
0:40.1	We're going to have a heckum of a good show today, and that's just my attempt to talk about
0:44.4	a home equity conversion mortgage.
0:46.3	That's our topic today, otherwise known as a reverse mortgage.
0:48.8	With us, as always, is our co-host, financial strategist Russell Gray.
0:51.9	Hey, Robert.
0:52.5	Hey there.
0:53.0	How the heckum are you?
0:54.0	I'm good.
0:54.6	Also, the man who has been in real estate for a heckum long time, that is the godfather of real estate
0:58.9	Bob Helms.
0:59.9	Robert, Russ, this is a show I'm really looking forward to.
1:03.5	I'm one of those guys who's never done a reverse mortgage.
1:06.4	I don't mean personally, but even with any of my clients in the past, because in the old days,
1:10.9	these had a lot of kind of scary stigma about them.
1:13.8	And I know that most of those problems have been solved, so I'm anxious to get the real news
1:18.3	and how this thing works.
	...

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