Survey shows home equity loan intent

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EPISODE #774
Accurate Group releases survey showing how homeowners plan to leverage their home equity

[Business Wire] Accurate Group surveyed over 1,000 consumers across the nation in the first quarter of 2023 to capture their intentions on how they plan to leverage or tap into their home equity.

Other Stories:

[Business Wire] Accurate Group Releases 2023 U.S. Home Equity Loan and Homeowner Intent Survey
[Money Watch] Is a reverse mortgage worth it? Here’s what experts think
[National Mortgage News] Finance of America posts a profit, aims to dominate the HECM market

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As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

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1 Comment

James E. Veale, MBT
May 15, 2023 at 7:58 am
So what are we doing WRONG???

The survey reports that 7% of homeowners plan to take out reverse mortgages. So why are the highest estimates of reverse mortgage market penetration just 2%?? Does this mean that our education and marketing efforts are resulting in over 70% of those who say they would otherwise get a reverse mortgage not getting one?? Don’t allow your bias to make excuses or deny the results of the survey on its face. Rather there needs to be analysis performed to determine what the situation actually is.

If we automatically defend what we do, how are to learn from it unless we are doing everything perfectly well to begin with? Let not live in denial but send out analysts to determine what is actually going on.
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