retirement

The BEST mortgage forbearance plan

Shannon HicksJune 29, 2020June 29, 2020

by Shannon HicksJune 29, 2020June 29, 20203 540

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, 20200478

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 489

“ 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, 20201747

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

The Retirement Panic Attack

Shannon HicksMarch 2, 2020March 9, 2020

by Shannon HicksMarch 2, 2020March 9, 20203 1134

“Needs-based” borrowers aren’t the only ones worried about retirement More Americans are having a retirement panic attack. Some never saw it coming. Of course, throughout the decades of our working life we know eventually we need to have the means to retire without income from our job, yet still,

Bloomberg’s Plan includes reverse mortgage reforms

Shannon HicksFebruary 17, 2020February 18, 2020

by Shannon HicksFebruary 17, 2020February 18, 202001177

Mike’s got a plan for that Former New York Mayor and billionaire Michael Bloomberg’s late entry into the Democratic presidential primary has flooded the airways in recent weeks. What’s received far less media coverage is his recent plan to improve retirement security for Americans announced this Sunday. One of his

3 Reasons to Get a Reverse Mortgage

Shannon HicksJanuary 24, 2020

by Shannon HicksJanuary 24, 20201869

The Motley Fool gives 3 reasons to get a reverse mortgage You may want to file away the statements made in a recent Motley Fool article the next time you sit down with a potential borrower. While many financial columnists are not only critical but misinformed about the Home

Lifelong Mortgages: The New Norm?

Shannon HicksSeptember 23, 2019September 22, 2019

by Shannon HicksSeptember 23, 2019September 22, 20191964

Younger borrowers are taking longer mortgages- then comes a reverse? When debt is king and aging populations are exploding across developed countries, more are finding themselves with a mortgage throughout their adult years. Lifelong mortgages may soon become the rule rather than the exception. Overall baby boomers are not

Declaring Mortgage Independence-Exclusive Interview

The BEST mortgage forbearance plan

The CARES Act Still Leaves Homeowners Vulnerable

Homeowner’s may shelter in place again- How you…

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?

The Retirement Panic Attack

Bloomberg’s Plan includes reverse mortgage reforms

3 Reasons to Get a Reverse Mortgage

Lifelong Mortgages: The New Norm?

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