Fixed rate

In Their Best Interest

Shannon HicksSeptember 28, 2015October 16, 2015

by Shannon HicksSeptember 28, 2015October 16, 20151906

[vimeo id=”140457924″ width=”625″ height=”352″] Reexamining HECM Fund Distributions & Loan Recommendations Today’s interest rates are at historic lows providing reverse mortgage borrowers with extraordinarily low rates. The borrower has a small mortgage balance to pay off. Should they secure this rate with a fixed rate HECM to take advantage of

New HECM Products Nixed

Shannon HicksApril 7, 2014July 28, 2014

by Shannon HicksApril 7, 2014July 28, 20144 1224

There was a rush to market by a handful of lenders to offer fixed rate variant products which still fell within the guidelines of the federally insured reverse mortgage or HECM program. While FHA has not directly addressed these new products Ginnie Mae has.

Every Problem Once was a Solution

Shannon HicksApril 4, 2014July 28, 2014

by Shannon HicksApril 4, 2014July 28, 201401194

[vimeo id=”90920562″ width=”625″ height=”352″] What once worked may be problematic today Oddly our topic that every problem once was a solution reminds me of the now extinct standard fixed rate HECM. It was a solution to borrowers seeking maximum funds or a guaranteed interest rate which became a problem loan

Surprise: What Loan are Borrowers Choosing?

Shannon HicksMay 27, 2013November 20, 2013

by Shannon HicksMay 27, 2013November 20, 20139 1629

FHA eliminated the Standard Fixed Rate HECM. So what loan are borrowers overwhelmingly choosing? A look at borrower behavior and motivations.

Where Do We Go from Here?

Shannon HicksApril 1, 2013November 29, 2013

by Shannon HicksApril 1, 2013November 29, 20136 1132

Will we see a substantial reduction in new applicants without the Standard Fixed Rate? We may not. Here's why...

Fixed rate is popular, but is it the best loan for your client?

Shannon HicksJune 12, 2010August 11, 2011

by Shannon HicksJune 12, 2010August 11, 201111461

The fixed rate HECM is wildly popular and now many banks are eliminating fees for consumers. The question is are we fully informing our borrowers about the advantages and disadvantages of the fixed versus the adjustable rate?

May Top 100 HECM Lenders Report

Don’t blame the HECM sandwich!

Why my father got a reverse mortgage

Kicking & Screaming

Fixed rate

In Their Best Interest

New HECM Products Nixed

Every Problem Once was a Solution

Surprise: What Loan are Borrowers Choosing?

Where Do We Go from Here?

Fixed rate is popular, but is it the best loan for your client?

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