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A Lighthouse in the Storm

A Lighthouse in the Storm

Shannon Hicks May 25, 2015 0

In the midst of such a crisis it is unfortunate that many financial advisors ignore the largest asset that could be used to fill the gap: the home. “Many households have a little-recognized asset

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Coming to a State Near You

Coming to a State Near You

Shannon Hicks May 18, 2015 7

Coming to a state near you. California, Illinois, Utah and Minnesota. What do these states have in common? Mandatory cooling off periods for reverse mortgage loans

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Not in America

Not in America

Shannon Hicks May 11, 2015 4

According to a recent article in the Daily Reckoning, Australia is facing a demographic bomb of sorts not unlike the U.S. with more than half of Australians projected to be age 50 or older

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Financial Assessment Confusion

Financial Assessment Confusion

Shannon Hicks May 4, 2015 7

Which came first, the chicken or the egg? That rhetorical question came to mind when hearing various reports of loan officers who found some confusion surrounding the gathering of a prospect’s financial data prior

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Assessment the Final Ripple from Housing Crash

Assessment the Final Ripple from Housing Crash

Shannon Hicks April 27, 2015 3

Today marks the beginning of a new era for the Home Equity Conversion Mortgage: the Financial Assessment. As you watch today’s episode you are faced with an entirely new set of guidelines to qualify

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Hassle Free Loan?

Hassle Free Loan?

Shannon Hicks April 20, 2015 1

A Hassle-Free HECM or Long Term Success? Last week the Washington Post published an article entitled “Window is rapidly closing to get hassle-free reverse mortgage”. It is a well-written article outlining the change the

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An Open Dialog?

An Open Dialog?

Shannon Hicks April 13, 2015 4

If there is one analogy I wish I could tell every financial professional it would be this: If you were a doctor and knew your patient would die in 10 years and didn’t tell

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Bipartisan Commission Open to HECMs

Bipartisan Commission Open to HECMs

Shannon Hicks April 6, 2015 3

Recently a bipartisan commission was launched creating a task force to tackle the critical challenges of aging this year. The good news: the commission is positive about the role reverse mortgages play in the

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