retirement

I won’t live to see my mortgage paid off

Shannon HicksDecember 28, 2020December 23, 2020

by Shannon HicksDecember 28, 2020December 23, 20200389

Unable to use the embedded player? Listen here. I’m retired and won’t live to see my mortgage paid off. Should I refinance to lower my monthly payment? “Is it worth having my home refinanced at a lower, fixed percentage rate and paying closing costs? What other options should I consider?”

5 Questions Homeowners are Asking Before Retiring

Shannon HicksNovember 30, 2020November 29, 2020

by Shannon HicksNovember 30, 2020November 29, 20200754

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

Threats Seen & Unseen

Shannon HicksSeptember 17, 2020September 23, 2020

by Shannon HicksSeptember 17, 2020September 23, 20200372

Are we missing the signs of tangible threats to our potential borrowers?

Involuntary Retirement

Shannon HicksAugust 17, 2020August 19, 2020

by Shannon HicksAugust 17, 2020August 19, 20201692

Older workers face ‘involuntary retirement’. Are we reaching these homeowners? In January 2020 the unemployment rate for those 55 and older was 2.6% [MarketWatch] By April 2020 the unemployment rate spiked to 13.6% for those 55 and older [MarketWatch] After the last recession (2008) those between the ages of 51-60

The BEST mortgage forbearance plan

Shannon HicksJune 29, 2020June 29, 2020

by Shannon HicksJune 29, 2020June 29, 20203 896

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, 20200793

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

The much-maligned loan that may be embraced

Shannon HicksJune 8, 2020June 9, 2020

by Shannon HicksJune 8, 2020June 9, 20203 763

“ If the overall unemployment rate reaches 25%, we project 10.5 million older workers will lose their jobs. For those in the lower half of the earnings distribution, 6.1 million older workers (29%) are projected to be laid off”. That is the stark prediction released by The New School’s Schwartz Center for Economic Policy Analysis.

Do we have it all wrong?

Shannon HicksJune 8, 2020June 8, 2020

by Shannon HicksJune 8, 2020June 8, 202011101

It’s time to get past ‘eliminate mortgage payments’ Tax-free- no required payments, increased monthly cash flow- eliminate mortgage payment. These are just a few of the most-touted benefits of reverse mortgages. Just google any of the phrases and your likely result will be a reverse mortgage. But are these

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retirement

I won’t live to see my mortgage paid off

5 Questions Homeowners are Asking Before Retiring

Threats Seen & Unseen

Involuntary Retirement

The BEST mortgage forbearance plan

The CARES Act Still Leaves Homeowners Vulnerable

The much-maligned loan that may be embraced

Do we have it all wrong?

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