About the event
If you're looking to buy a new property but don't have the necessary funds, there is a way to use your home equity to make it happen. This is called a reverse for purchase, and it's a complex process that requires the guidance of an experienced professional like Lorraine Geraci.
Lorraine Geraci is a leading expert in reverse for purchase and has helped countless individuals realize their dreams of owning a new property. On May 23rd at 11 am, she will be hosting a training session at the Oahu Veterans Center in Hawaii to teach others how to use their home equity to purchase a new property.
Lorraine Geraci is a highly accomplished professional with extensive experience in the mortgage and financial services industry. She currently serves as the Vice President of Learning and Professional Development at Finance of America Reverse, a leading provider of reverse mortgages. In this role, she is responsible for developing and implementing training and development programs for the company's employees, agents, and partners.
Lorraine is also a Certified Professional Coach, with expertise in leadership development, performance coaching, and team building. She has a passion for helping individuals and organizations achieve their full potential and has worked with a wide range of clients in various industries to help them reach their goals.
Prior to joining Finance of America Reverse, Lorraine held senior leadership positions at several prominent mortgage and financial services companies. She has a deep understanding of the industry and has been recognized for her outstanding contributions to the field.
What is a Reverse for Purchase?
A reverse for purchase is a financial arrangement where a homeowner uses the equity in their current home to purchase a new property. The new property must be the homeowner's primary residence and can be a smaller, less expensive home or a more expensive home in a desirable location.
During the transaction, the homeowner takes out a reverse mortgage on their current home and uses the funds to buy the new property. The reverse mortgage is paid back when the homeowner sells the home or passes away.
Why Attend Lorraine Geraci's Training Session?
Lorraine Geraci's training session is designed for individuals who are interested in using their home equity to purchase a new property, but don't know where to start. During the session, attendees will learn the ins and outs of reverse for purchase transactions, including the eligibility requirements, the application process, and the pros and cons of this financial arrangement.
Lorraine Geraci has been helping homeowners with reverse for purchase transactions for many years, and her training session will provide attendees with the knowledge and tools they need to navigate this complex process. Whether you're a homeowner looking to purchase a new property or a real estate professional looking to expand your services, this training session is a must-attend event.
What Will You Learn at the Training Session?
At Lorraine Geraci's training session, attendees will learn everything they need to know about reverse for purchase. The session will cover the following topics:
- Eligibility Requirements: Learn about the eligibility requirements for a reverse for purchase, including age, home equity, and credit score.
- Application Process: Learn about the application process for a reverse for purchase, including the documentation required and the timeline for approval.
- Pros and Cons: Understand the pros and cons of a reverse-for-purchase transaction, including the financial benefits and the potential drawbacks.
- Q&A: Attendees will have the opportunity to ask questions and receive answers from Lorraine Geraci and other industry experts.
If you're interested in using your home equity to purchase a new property, Lorraine Geraci's training session is the perfect opportunity to learn about reverse for-purchase transactions. The session will provide attendees with the knowledge and tools they need to navigate this complex process, and attendees will have the opportunity to ask questions and receive answers from industry experts. Don't miss out on this must-attend event on May 23rd at 11 am at the Oahu Veterans Center in Hawaii.
The venue
The event will be held at Oahu Veteran's Center