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.
Category: Reverse Mortgages Articles
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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 out… 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 »
The Reverse Mortgage Information Disconnect
by Mark Schumacher, Home Equity Retirement Specialist, Retirement Funding Solutions Here’s a scenario I hear from homeowners. A TV ad… Read more »
Reverse Mortgage: Talking Negative (Amortization)
by Mark Schumacher, Home Equity Retirement Specialist, Security One Lending Last edition’s reverse mortgage article was a general review of… Read more »
Understanding Reverse Mortgage and How They are Used in Retirement
by David R. Heilman, MBA, Certified Reverse Mortgage Professional Today most older adults have heard of reverse mortgages and with the… Read more »
