As more Americans enter retirement, financial flexibility becomes increasingly important. For homeowners age 62 and better, a Reverse Mortgage from Mutual of Omaha Mortgage can be a strategic way to strengthen long-term retirement security while continuing to live in the home you love.
One of the most powerful features of a Reverse Mortgage is the standby line of credit. Unlike a traditional home equity line, a Reverse Mortgage line of credit grows over time based on the unused balance. This growth can significantly increase borrowing capacity, creating a larger safety net for future needs such as healthcare expenses, home renovations, or unexpected market downturns. Many retirees establish the line early, allowing it to grow and using it only if and when it’s needed.
A Reverse Mortgage can also be used to pay off an existing mortgage, eliminating required monthly mortgage payments.* By removing that obligation, many homeowners immediately improve their monthly cash flow. With fewer fixed expenses, retirement income can stretch further, reducing financial stress and providing greater peace of mind.
Additionally, homeowners may choose to receive tax-free** monthly income from their home equity. Because Reverse Mortgage proceeds are considered loan advances rather than earned income, they are generally not subject to federal income tax. This can provide a reliable supplement to Social Security, pensions, or investment income.
At Mutual of Omaha Mortgage, our experienced reverse mortgage specialists are committed to educating homeowners so they can make informed decisions. For many, a Reverse Mortgage is more than a loan — it’s a thoughtful retirement planning tool designed to help you live with confidence.
Call Clay Behm for more information at 760-501-1279 or email him at [email protected]
*Borrower must occupy home as primary residence and remain current on property taxes, homeowner’s insurance, the costs of home maintenance, and any HOA fees. **Please consult a tax advisor. Clayton Behm, NMLSID 582971. Mutual of Omaha Mortgage, Inc. dba Mutual of Omaha Reverse Mortgage, NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108. Licensed by the Department of Financial Protection & Innovation under the California Residen- tial Mortgage Lending Act, License 4131356. These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency. Subject to credit approval. For licensing information, go to: www.nmls- consumeraccess.org #4390082291 Expires 03/2029 Equal Housing Lender
