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There’s a lot of conflicting information out there about reverse mortgages. You don’t have to look very far before you run into warnings about “reverse mortgage scams” that may lead you to believe that a reverse mortgage is a financial product you should avoid.   The Home Equity Conversion Mortgage (HECM), commonly known as a reverse […]

While retirement is a very optimistic time of life, it also requires that you make several major decisions, and one of the biggest decisions is where you are going to live.   The options include staying in your current home, downsizing to a smaller home, relocating to another city to be near family, moving to a […]

The jumbo reverse mortgage calculator estimates the loan amount that you may be able to receive from Mutual of Omaha Mortgage’s jumbo reverse mortgage, also known as the HomeSafe Reverse Mortgage. Jumbo reverse mortgages are designed for homeowners who have a property that is worth more than the lending limit issued by the Federal Housing […]

Purchasing a home is one of the best investments you can make, and as the value of your home increases, you have an opportunity to utilize that growing wealth without having to sell the home. Two popular options for accessing that equity are a reverse mortgage and a Home Equity Line of Credit (HELOC).   But […]

A Home Equity Conversion Mortgage (HECM), more commonly referred to as a reverse mortgage, provides a way for homeowners aged 62 and over to access the equity they have built up in their home without having to take on any additional monthly payments.   This type of loan differentiates itself from a traditional home equity loan […]

Homeowners who are near or in retirement often find themselves in need of additional funds. Whether they’re looking to increase their monthly income, cover a large project such as a home renovation, or have a line of credit they can draw from in case of emergency, accessing extra cash can be a challenge.  It’s not […]