coronavirus

A 40-YEAR MORTGAGE?!

Shannon HicksApril 12, 2021April 10, 2021

by Shannon HicksApril 12, 2021April 10, 202111169

Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among

Hey! How are you?!

Shannon HicksOctober 19, 2020October 20, 2020

by Shannon HicksOctober 19, 2020October 20, 20202 977

[2-minute read] “Hey. Remember that time when we met and talked about a reverse mortgage 3 years ago and you said no? Do you want to talk again?” That approach would be somewhat believable if it were from a Saturday Night Live skit. No reverse mortgage professional with a functioning

What comes AFTER the Coronavirus?

Shannon HicksAugust 10, 2020August 10, 2020

by Shannon HicksAugust 10, 2020August 10, 202001114

A look at our industry’s growth and the potential economic repercussions of the COVID-19 pandemic Sheltering in place took on a new meaning for HECM lenders in the first weeks of the coronavirus pandemic. Not only did employees and originators shelter at home, but many also hunkered down slowing

Wealth disparity and home equity

Shannon HicksAugust 2, 2020August 5, 2020

by Shannon HicksAugust 2, 2020August 5, 202011291

Wealth inequality, economic chaos & the role of home equity Wealth and income inequality. Pulling back from the distasteful political debates that continue to rage on about the haves and have nots it is a clear and present reality. The Pew Research Center made these startling findings. “The wealth

History- You’re Living It

Shannon HicksJuly 14, 2020July 14, 2020

by Shannon HicksJuly 14, 2020July 14, 20201997

Imagine it’s 1956 and you are writing your first 30-year fixed-rate mortgage as a loan officer working for your local bank. It was a historic period in home financing as most mortgages up to that time had 20 year amortization periods until the Federal Reserve began significantly increasing interest rates. In

The BEST mortgage forbearance plan

Shannon HicksJune 29, 2020June 29, 2020

by Shannon HicksJune 29, 2020June 29, 20203 1646

Why older homeowners should consider a reverse mortgage as the ultimate ‘forbearance’ program Many struggling older homeowners have already paid down their original loan balance significantly. Should they refinance the mortgage into a new 30-year term? Not if they want to eventually stop making payments or expect a drop

The CARES Act Still Leaves Homeowners Vulnerable

Shannon HicksJune 22, 2020June 19, 2020

by Shannon HicksJune 22, 2020June 19, 202001643

Homeowners face a cut in retirement. Here’s why and what you can do to help Nothing stings so sharply as getting knocked down just a few feet from the finish line. The Bureau of Labor Statistics reveals that workers 55 have been especially hard-hit. Workers in this age group

Homeowner’s may shelter in place again- How you can prepare

Shannon HicksJune 15, 2020June 15, 2020

by Shannon HicksJune 15, 2020June 15, 202011416

The country may be reopening but seniors may shelter in place again. How can you prepare yourself and your business Being the most vulnerable demographic older Americans are rightly concerned of such forecasts and consequently may choose to return to the relative safety of their homes. Older homeowners may

5 Mistakes Reverse Mortgage Borrowers Should Avoid

The Problem with Being House-Rich

Reverse mortgage red flags to watch for

How a HECM could save uninsured homeowners from…

coronavirus

A 40-YEAR MORTGAGE?!

Hey! How are you?!

What comes AFTER the Coronavirus?

Wealth disparity and home equity

History- You’re Living It

The BEST mortgage forbearance plan

The CARES Act Still Leaves Homeowners Vulnerable

Homeowner’s may shelter in place again- How you can prepare

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