The term “reverse mortgage” gets a bad rap. But before we talk about what reverse mortgages are not, let’s define what they truly are: Loans allowing homeowners 62 and older to access a portion of their home equity via lump sums, monthly draws or a growing line of credit. Though the definition is straightforward, there’s… Continue Reading 4 Common Misconceptions About Reverse Mortgages
If you’re considering refinancing, you’ll need to do the numbers more than once—and different homeowners have different needs and goals. If you’re a recent retiree with a traditional 30-year fixed rate mortgage, the current rates on a 15-year mortgage might have you wondering: is refinancing worth it? On the other hand, parents with a young… Continue Reading Does it Pay to Refinance Your Home?
At Open Mortgage, it is our belief that we should all be on a journey to self-improvement. As we age, there are additional considerations to apply to this journey we call life, but the heart of it remains the same: How can I improve myself and, by extension, the world around me? Here’s some inspiration… Continue Reading Aging Gracefully: 7 Activities To Help You Stay Young At Heart
Buying a house is exciting. Moving is not. But there are strategies that can help you make it as painless as possible. If you’re moving within six weeks, you’ll have no problems mastering a mega move. Moving in less time than that? Some of these plans can be reorganized to fit your schedule. Six Weeks… Continue Reading The Ultimate Timeline For Planning The Big Move
We can’t predict our futures, but we can plan for contingencies, especially as we age. AARP’s research shows that nearly 90% of seniors wish to stay in their own homes as they age. After all, home is where the heart is, it’s where we find comfort and familiarity and often, the best location to grow… Continue Reading Aging in Place: A Guide for Retirees and Older Adults
Want to bring your A-game to Hallow’s Eve this year? Here are a few easy ways to make a hair-raising impression after sundown. Mood Lighting Changing the bulbs around the exterior of your home is perhaps the easiest (and least expensive) method of transitioning your house from welcoming to creepy. Switch the porch lights to… Continue Reading Spookify Your Front Porch Just In Time For Trick-Or-Treaters
Part of the joy of home ownership is settling into the neighborhood and forming long-lasting friendships. Starting an annual Halloween party tradition brings the community together for something to look forward to all year long, whether guests are eight or 80 years old. Here are three ideas that are sure to be the hit of… Continue Reading Halloween House Parties Sure To Be The Hit Of The Neighborhood
Student loan debt have you worried about applying for a mortgage? It isn’t the loan itself that can affect your mortgage qualifications, but the amount you owe on that loan compared to your income, as well as the amount of the mortgage itself. Here are some basic factors that your lender will consider. The Job… Continue Reading Student Loans & Mortgages: Here’s What You Need To Know
If you’ve found yourself in a house that has rooms going unused, or you’ve abandoned your sewing, crafting or model ship-building room, there are plenty of ways to get that square footage back to work. While some of these are easy to implement, others may take a little bit of preparation and foresight, but could… Continue Reading Empty Nesters: Ideas On How To Put Those Vacant Rooms Back To Work
No one expects to lose a home in a natural disaster, so when the worst is realized, we do our best to put one foot in front of the other. That said, picking up the pieces following a catastrophic storm like Hurricane Harvey or Irma can be overwhelming and confusing. What kind of assistance is… Continue Reading The Road To Recovery: How A 203(h) Loan Can Help
You Deserve More.
Let's get started.