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Michigan Reverse Mortgage Guide

Michigan Reverse Mortgage Information A reverse mortgage is a loan that enables homeowners, typically aged 62 and above, to convert a portion of their home equity into cash. This home loan is unique because, unlike traditional mortgages, it doesn’t require the homeowner to make monthly payments to the lender. The most common type of reverse […]

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What Happens if You Inherit a House with a Reverse Mortgage?

Inheriting a house can be an amazing gift, but it can also come with complications. On the one hand, you have acquired an asset that can provide financial stability for you and your family. On the other hand, you may also inherit any outstanding debts or mortgages associated with the property. If you inherited a […]

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Do I Qualify for a Reverse Mortgage?

A reverse mortgage is a unique financial tool that allows older homeowners access to cash without adding another monthly payment to the budget. However, not just anyone can take out a reverse mortgage. There are very specific requirements that need to be met to qualify.   Navigating the complexities of reverse mortgages can be challenging for […]

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How to Apply for a Reverse Mortgage

Applying for a reverse mortgage can be a complex process. That’s why one of our goals at Mutual of Omaha Mortgage is to make the reverse mortgage application process as painless as possible. If you are interested in moving forward with a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage loan, here is an overview of what you can expect.

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States That Do Not Tax Retirement Income 

Saving for retirement is a prominent concern for many Americans for a multitude of reasons, including high inflation rates, which can impact monthly budgets and the overall cost of utilities. In your golden years, retirees shouldn’t have to worry about taxes impacting the retirement income they worked their entire lives to earn.  Fortunately, there are […]

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