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This is not intended as tax advice, and you should can be used to help pay off high-interest debts and.
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Lifestyle Home Loan! Interview with Archie Johnson from Mutual Of OmahaMutual of Omaha's Home Equity Conversion Mortgage (HECM), the fancy name for a reverse mortgage, is a federally backed home loan that allows borrowers age 62 or. Mutual of Omaha Mortgage offers two financing options on your mortgage to be able to help pay off debt: a cash-out refinance and home equity loan. A home equity line of credit (HELOC) is a separate line of credit from your mortgage, allowing you to draw funds up to a pre-approved limit as needed.