Reverse mortgage seminars for seniors


Los Angeles Ca Conference
 

In the history of PTM organized reverse mortgage workshops and seminars, three stand out as being the most successful. One of this three was the reverse mortgage conference held in Los Angeles, California. The conference was held in the second week of July, 1997 at the Marriott Hotel grounds. The conference was successful in terms of the turnout, the wealth of speakers that graced the occasion and the number of seniors who signed for reverse mortgage loans at the end of the conference.


About 1,300 seniors came out for the seminar. Respectively a number of California reverse mortgage lenders showed up as well. At the end, during the one-on-one counseling session 701 seniors waited their turn to have brief personal counseling sessions with the reverse mortgage counselors on hand. Many of this number could not be attended to and had to make appointments for a latter date. The reverse mortgage lenders on ground had 604 seniors who signed up or initiated interest to sign up for a reverse mortgage loan on the spot.

The notable speakers of the conference included a representative speaker from the National Association of Reverse Mortgage lenders. He was a witty fellow who used a lot of jokes and funny comments while explaining the advantages of reverse mortgage loans over conventional mortgage and other credit forms. His speech explained the basics of reverse mortgages that the seniors had to know.  

Then there was a speech from a HUD approved reverse mortgage counselor. He stressed the importance of reverse mortgage counseling and how individuals can benefit from them. He outlined various options that seniors had to make regarding a reverse mortgage loan and how a counseling session can help seniors make better decisions.  

The Los Angeles conference also featured a couple of seniors who had benefited from reverse mortgage loans in the past. The seniors highlighted the challenges they faced, major decisions they had to make, what helped them decide and the benefits they have been deriving.