Mortgages, Buyouts, & Alternative Financing Solutions

The mortgage landscape today has divorcing homeowners faced with some tough decisions. When your client wants to keep their home, but they currently enjoy a 3% interest rate, owe half of the home’s value, and would be forced to move to a 7% rate on a new loan balance that’s 50% higher than their current one, this option is daunting at best —  and cost-prohibitive at worst.

The good news: There are some creative mortgage alternatives to keep people in their homes. In this session, Jason Gordon, Certified Divorce Lending Professional (CDLP®), and Sean Kirksey, VP of Reverse Mortgage, will explore the ins and outs of reverse and assumable mortgages, including benefits and risks:

• Explore the risks and requirements of reverse mortgages — who is eligible and how these mortgages work
• Learn the nuances of assumable loans, including their stringent requirements
• Identify specific ways to assess if your clients are a “fit” before negotiations begin
• Learn where the mortgage landscape is headed in 2024 and beyond

Meet the Presenters:

Jason Gordon

Certified Divorce Lending Professional (CDLP®)

Jason Gordon is a San Diego-based licensed Residential Mortgage Loan Officer with extensive experience working with divorcing home buyers and homeowners as a Certified Divorce Lending Professional (CDLP), Certified Divorce Real Estate Expert (CDRE), Certified Divorce Specialist (CDS), and a Real Estate Collaboration Specialist – Divorce (RCS-D).

As a CDLP, CDRE, CDS, & RCS-D, Mr. Gordon has been trained to proactively identify obstacles divorcing clients face while trying to maintain mortgage financing, while providing collaborative guidance to Family Law Attorneys during the settlement process to better enable future mortgage financing opportunities. He actively presents educational content to Real Estate professionals to help them effectively and responsibly assist divorcing clients. Mr. Gordon’s NMLS ID is 259027.

Sean Kirksey

VP, Reverse Mortgage, CMG Financial

Sean Kirskey is an operations executive with a 20-year background in real estate and a passion to ensure operational efficiency and build high-performing teams for driving business growth.

From managing a team of 60 loan officers to coordinating the work of 300 employees, Mr. Kirksey is a dedicated leader who builds top-performing teams to achieve business goals. Now the VP of Reverse Mortgage at CMG Financial, he is an expert on alternative financing solutions in a changing mortgage environment.