Tag: Home Equity

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Downsize or Rent in Retirement? 5 Key Decisions You Should Consider (Ep. 60)

Downsize or Rent in Retirement? 5 Key Decisions You Should Consider (Ep. 60)

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What’s the right housing move in retirement?

 Sell and rent, or stay put and downsize?

In this episode, I unpack five key decisions that go far beyond dollars and cents, inspired by a real conversation with a client. Whether you’re widowed, single, or simply evaluating your next step, this breakdown helps you consider every angle, both financial and emotional.

Key points:

  • How renting can offer convenience, but comes with rising costs and less control over long-term financial outcomes
  • The critical role of home equity and the potential strategies to access it, including reverse mortgages
  • Tax implications for widows and single retirees when selling a home, including the impact on capital gains
  • The importance of lifestyle considerations, like proximity to social hubs or family, when making housing choices
  • How emotional attachment to a home can often outweigh financial logic, and how to strike a balance between the two
  • And more!

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Unlocking Your Home’s Potential with a Reverse Mortgage (Ep. 8)

Unlocking Your Home’s Potential with a Reverse Mortgage (Ep. 8)

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Who says you can’t teach an old house new tricks?

In this episode, Eric Blake welcomes Mary Robb, Reverse Mortgage Specialist from Mutual of Omaha. Together, they’ll peel back the layers on what reverse mortgages really are, and how they differ from the traditional mortgage we’re all familiar with. From surprising financial strategies to how this could be a game-changer for aging in place, this episode is a must-listen! 

Throughout this episode, Eric and Mary discuss:

  • The unexpected financial perks of a Reverse Mortgage
  • How a Reverse Mortgage can help seniors remain in their homes longer, and even fund better-quality assisted living arrangements
  • Why Financial Advisors are warming to the idea of reverse mortgages as a strategic asset management tool
  • How to use a Reverse Mortgage for purchasing a home, giving seniors more freedom in choosing where to age
  • And more!

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About our Guest: 

Mary Robb is a Reverse Mortgage Loan Originator with Mutual of Omaha. Mary’s been a force in real estate since 2011, but she dialed in on reverse mortgages in 2017 because she saw our seniors deserved better. With a background in Social Work, she’s always been about helping people help themselves. She even detoured into credit repair, winning numerous awards in just a few short years.  Today, she shares her passion for debunking myths about reverse mortgages. She’s a board member at the Ft. Worth Mortgage Bankers Association and an expert at Mutual of Omaha, where they offer home equity solutions. 

 

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