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.
Tag: reverse mortgage
“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 »
Outside the Box
By Mark Schumacher, NMLS ID 519754, Mutual of Omaha Mortgage, Inc., NMLS ID 1025894 I wish I could say my… Read more »
The Swiss Army Mortgage
By Mark Schumacher, NMLS ID 519754; Retirement Funding Solutions Here are the most common reasons homeowners age 62 or greater… Read more »
Planning for Your Big Day
by Bert Karrer; Fairway Independent Mortgage; Reverse Mortgage Planner; NMLS #546404 Planning your retirement can be a lot like planning… 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 »
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 »
Not Your Mother’s Reverse Mortgage
by Mark Schumacher, Home Equity Retirement Specialist, Security One Lending In 1989 the Federal Housing Administration (FHA) insured their first… Read more »
