Fixed rate

In Their Best Interest

Shannon Hicks
[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 Hicks
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 Hicks
[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 uses cookies to improve user-experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Cookies View Policy

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