What is the best way to access equity in your home for retirement income? In this episode of Retire with Ryan, host Ryan Morrissey is joined by Mitch Cooper, a Certified Reverse Mortgage Professional with Mutual of Omaha, to explore this very question.

Mitch returns to the show to share his expertise on reverse mortgages, a powerful tool that allows retirees to tap into the equity of their homes without having to sell. Whether you’re considering this option for supplemental income or simply want to understand how it works compared to other alternatives like home equity loans, this episode provides valuable insights into how reverse mortgages can help secure your financial future in retirement.

• (0:00) Learn more about Mitch Cooper, a Certified Reverse Mortgage Professional
• (0:53) What is the best way to access equity in your home for retirement income?
• (2:25) How reverse mortgages differ from home equity loans and lines of credit
• (5:41) Requirements and eligibility for reverse mortgages, including age and equity
• (7:41) The impact of interest rates on reverse mortgage loan amounts
• (8:45) The protections offered by reverse mortgages, including the non-recourse nature
• (10:36) Other requirements for obtaining a reverse mortgage
• (16:06) Comparing reverse mortgages to annuities and their role as longevity insurance
• (25:14) How closing costs work with a reverse mortgage
• (30:36) The process of obtaining a reverse mortgage

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE
• The National Reserve Mortgage Lending Association
• Mitch Cooper (Mutual of Omaha)
• Connect with Mitch on LinkedIn

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