Reverse mortgages allow qualifying homeowners to access home equity while retaining ownership. Learn how purchase, traditional and proprietary options may work.
Category: Reverse Mortgages Articles
Paying for Long-Term Care
Learn how a reverse mortgage line of credit can help cover long-term care expenses and provide a self-insured financial safety net.
The Be-All and End-All
Paying off a mortgage is a great milestone, but is it the best financial move? Mark Schumacher explores how cash flow impacts retirement planning.
Reverse Mortgage Information According to AI (Artificial Intelligence)
Reverse mortgages are often seen as a retirement income tool, but there are several unconventional ways to use them. Mark Schumacher shares insights from ChatGPT on how a reverse mortgage can fund a business, help with home purchases, and more.
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In the game of retirement, every financial asset plays a crucial role. Mark Schumacher from Mutual of Omaha Mortgage compares retirement planning to a basketball game, with Social Security, pensions, investments, and insurance as key players. But often, the “big man”—your home—is left on the bench. Schumacher explores how a reverse mortgage can bring your home into the game, working alongside your other assets to ensure a secure and balanced retirement strategy.
“It’s a Liquid Thing”
By Mark Schumacher, NMLS ID 519754, Mutual of Omaha Mortgage, Inc., NMLS ID 1025894 When our family was serving a… Read more »
Retirement Home within Reach?
Is the Retirement Home you want Within Reach? by Mark Schumacher, NMLS #51975 Home Equity Retirement Originator, Retirement Funding Solutions … Read more »
Home Equity vs. Reverse Mortgage
Home Equity Line of Credit (HELOC) vs. Reverse Mortgage Line of Credit (HECM) by David Heilman Are you 62 or… Read more »
Reverse Mortgage: Can it Help You?
by David R. Heilman, MBA; Certified Reverse Mortgage Professional The old notions that reverse mortgages should only be taken… Read more »
Maximizing Your Home Value
by Anne Murray-Randolph (a.murrayrandolph@gmail.com or 803-818-1182) Selling your home “as is” versus updating for maximum profit on the sale When you… Read more »
