Why do so many seniors still have a mortgage?

by Shannon Hicks
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| December 13, 2021

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EPISODE #700
MarketWatch: House-rich but Cash-Poor? A reverse mortgage could be your tax-smart salvation

For seniors who want to tap into the equity in their homes, reverse mortgages are an option. They can provide a convenient source of cash for those who are house-rich but cash-poor. And there can be a big tax-saving bonus. Here’s what you need to know about reverse mortgages, including the tax angle…

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Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.