HIA Meeting – Nov 11 – Barry Scoles (Georgetown Mortgage LLC) – Reverse Mortgages
Barry Scoles (Georgetown Mortgage LLC) – Reverse Mortgages
As of Q2 2017, US homeowners age 62 or older hold $6 Trillion of equity in their homes. For the average homeowner this represents over 50% of their total net worth. With retires living longer, and the cost of retirement increasing, understanding how to safely and effectively monetize and leverage home equity has become increasingly important. Many Financial Advisors view Reverse Mortgages as an attractive way to improve retirement portfolio duration and to hedge longevity risk. According to Michael Gordon, Managing Director and Head of Retirement Insurance and Strategic Solutions at BNY Mellon, “Reverse Mortgages are an important asset class that will stabilize the fee base of asset managers and reduce the fiduciary risk of their clients running out of money in retirement.” For these reasons and more, getting the facts about FHA-Insured Reverse Mortgages will be time well spent.
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Barry Scoles has been a professional mortgage loan originator in Colorado since 1994. In 2003, Barry was introduced to the reverse mortgage program, and since then has devoted his career to teaching seniors and financial professionals about the proper use and diverse applications for this financial tool. Barry speaks and trains nationally on the subject of reverse mortgages. He is certified by the Department of Regulatory Agencies of Colorado, and the Texas Real Estate Commission to conduct Reverse Mortgage classes for Real Estate Agents. Barry is also approved by the Certified Financial Planners Board of Standards to provide CE classes to Certified Financial Planners nationwide. He works with Attorneys, Financial Planners, CPA’s, Banks, Credit Unions, and seniors themselves to determine the best possible application for the Reverse Mortgage in their financial plan. Barry served for three years on the Board of Directors for the National Reverse Mortgage Lenders Association in Washington DC, and was a contributing author to the Association’s Industry Best Practices and Code of Conduct. He also served on various committees for the association including the Consumer Issues Committee, Strategic Relations Committee, and currently serves on their Standards and Ethics Committee. Barry is the Co-Author of Reverse Mortgage for Seniors (© 2011 Kaplan, Inc. d/b/a Dearborn Real Estate Education), and developed the on-line reverse mortgage CE courses for both Kaplan Real Estate Education, and the Association of Real Estate License Law Officials (ARELLO)
HIA’s November 11, 2017 Agenda
— 08:30 AM —
Trading 101 SIG: Speaker: John Godell
Topic: Trend Study
Study Trend and what it takes to make a good trading set up.
We will take another look at the ADX and its readings in helping to analyze the various cycles in a trend.
Next month we will look at actual set up and how to trade the various cycles in a trend.
— 09:30 AM –
Market Outlook SIG: Speaker: Bob Tchoryk
Topic: S&P 500
Bob will discuss evaluating the S&P 500.
— 10:30 AM –
Stock Market SIG: Speakers: Dave Neary
Topics: Recent Trades
Dave will facilitate a conversation on recent trades and reasons why the trades were executed. Audience participation is expected.
— 11:25 AM –
Club Business: President: Robert Tchoryk
— 11:30 AM –
Main Meeting: Speaker: Barry Scoles – Georgetown Mortgage LLC
Upcoming HIA Programs
The following programs are planned for future HIA meetings.
- December 9 @ U of H University Center: - HIA Stockmarket Roundtable
- January 20 (THIRD SATURDAY) @ Trini Mendenhall Community Center: Special early program joint with Houston Chapter of AAII. This will feature Craig Isrealsen’s visit and discussion of his 7Twelve Portfolio. Main speaker 8:45-10:15. SIGS will follow.
- February 10 @ Trini Mendenhall Community Center: Program TBA
- Remainder of 2018: Second Saturdays of each month @ Trini Mendenhall Community Center
Beginning January 20, 2018, all meetings of HIA will be at Trini Mendenhall Community Center, 1414 Wirt Road, Houston, Texas 77055. With the exception of January, meetings will be on the second Saturday of each month.
HIA meets at University of Houston in the Student Center North Senate Chamber Room.
Take SC South elevator to 2nd floor, turn right and winding your way north to the
SC North Building and on to the north end and or your right is the Senate Chamber Room
University Center (Student Center, building 565) 4455 University Dr.
Houston , TX 77204
Parking is available in parking lot 20A to the east of the UC, on Calhoun. Other parking is sometimes available, but on your first visit it is easier to park in lot 20A.
Beginning in January 2018, HIA will meet at the
Trini Mendenhall Community Center
1414 Wirt Road
Houston, Texas 77055