Marketing Reverse Mortgage Tips
The key to successful reverse mortgage marketing campaign are 1) finding your audience and 2) making an appealing sales pitch. Your audience, mostly the senior population, faces a distinctive set of pressures that decides their daily decision making: higher costs for living expenses, medical care, insurance and other items, that they have not experienced before - nor are they wanting to face. Also, consideration of what they will leave behind for their heirs is part of their considerations. Being able to recognizing these unique pressures and working them into your presentation is an essential step in successfully marketing reverse mortgage products.
Free, no-obligation seminars and speaking appearances are ideal for spreading the word about reverse mortgage as a possible solution for upcoming financial difficulties. A few topics which should be considered:
a) Using a reverse mortgage to pay for long-term care
b) How reverse mortgages can reduce estate taxes
c) Maximizing estate value with a reverse mortgage
d) Supplementing your monthly cash flow
Focus on educating the audience with offers of follow-up one-on-one with anyone who has more detailed questions. A success seminar can also lead to other new prospective clients as those in attendance tell others about your presentation and the information available.
The writing and publishing of relevant articles in daily newspapers, weekly community papers, retirement community newsletters, and local real estate publications is a great way to increase the interest in the reverse mortgage products. These articles are also a great method to increase publicity for any public or private seminars which may be planned. Other article topics which could have reverse mortgage information worked into include estate planning, new ways for financing for seniors, and financing alternatives for the elder. Article topics, like your seminar topics, should be specific and compelling.
Institutions or professionals working in marketing reverse mortgages might also consider partnering with an estate planning professional who would add an additional level or expertise to the presentations and discussion. The more diverse in backgrounds and knowledge of the presenters and closer the experts work together to present a more complete the portfolio of information the greater the audience will value the presentation. It is important that all material provided to potential clients contain appropriate contact information so that those in attendance can easily find you should they desire additional education in determining if a reverse mortgage or some other product is right for them.
| HomEquity Bank's reverse mortgage originations up 42% in Q4 2011 HomEquity Bank's reverse mortgage originations up 42% in Q4 2011.. | ||
Reverse Mortgages Return Lenders are quietly reviving a loan for seniors that helps them convert home equity into cash... | ||
Genworth Financial Sees $107 Million Fourth Quarter Profit, Strong Insurance . - Reverse Mortgage Daily
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CFPB employees outnumber FHA reverse mortgage lenders - Credit Newsline
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Three Mortgage Officers Sentenced to Federal Prison - Housing Predictor
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Is a reverse mortgage the right choice? Thursday, February 2 nd , 2012 Issue 05, Volume 16. A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral... | ||
Reverse mortgage vs. HELOC for extra cash? Dear Dr. Don, We own a condo in Florida and a home in Pittsburgh. I just retired at 70 years old, and now money is very tight. Can I qualify for a reverse mortgage on one of my homes? As you know, selling real estate in this market is a problem... | ||
Reverse Mortgages: Big Potential, Small Results Reverse mortgages should be a breakout product of demographic destiny. Millions of older Americans are hurtling toward very uncertain retirements . Survey after survey documents a serious lack of retirement ... | ||
Chilton takes a swipe at reverse mortgages - Advisor.ca
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Who Should Do a Reverse Mortgage? Reverse mortgages allow homeowners of a certain age to draw down on their home's equity in exchange for cash--but it's not always the best financial decision for everyone... | ||
Friday Round-Up: Money House Makes US Moves, Financial Assessment Must-Haves - Reverse Mortgage Daily
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Reverse mortgages explained in V'land - Vineland Daily Journal
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Genworth Financial Sees $107 Million Fourth Quarter Profit, Strong . Genworth Financial (NYSE: GNW) reported strong fourth quarter earnings of $107 million, up from a $161 loss in the fourth quarter of 2010 and beating analysts' estimates. Earnings per share were 22 cents compared with a ... | ||
Puerto Rico Reverse Mortgage Heavyweight Moving Stateside . One of Puerto Rico's largest reverse mortgage lenders is expanding into the United States and plans to carve out a "niche" targeting the Hispanic population... | ||
Oregonians Make Case for Tax Deferrals and Reverse Mortgages - Reverse Mortgage Daily
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Puerto Rico Reverse Mortgage Heavyweight Moving Stateside, Plans to Make . - Reverse Mortgage Daily
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Mortgage Rates Reverse Course on Positive Housing Data McLEAN, Va., Jan. 26, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average mortgage rates climbing as the housing market ... | ||
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