Blog
Jul
29
2021
29
2021
Housing prices are rising in real estate markets around the country. Building a custom home or buying a newly constructed home from a developer can be even more expensive than purchasing an existing one. Of course, having the patience to wait for a home to be built from the ground up can eliminate some of […]
Jul
22
2021
22
2021
With retirement around the corner, you may have big plans for filling your more flexible schedule. One of our recent posts explained many of the ways a reverse mortgage can expand your travel options. Now we’ll talk specifically about using a Home Equity Conversion Mortgage (HECM) to take your retirement on the road. Your House […]
Jul
20
2021
20
2021
Choosing the right lender has always been important. But now, with sky-high demand and limited inventory, interest rates aren’t the only thing you should be comparing. A fast-moving market means you need a loan originator who can keep up. Before you partner with a lender in your housing search, be sure that they can meet […]
Jul
15
2021
15
2021
The temperature is climbing, meaning your utility bills are likely going up too. In this video, our CEO and founder, Scott Gordon, discusses how to keep your home cool and save money despite it being the hottest time of year. Some of the topics he covers: Insulation/radiant barriers can have a dramatic effect on cooling […]
Jul
13
2021
13
2021
A Home Equity Conversion Mortgage (HECM) is becoming an increasingly popular tool for retirement planning. In recent years, the addition of homeowner protections, coupled with a better understanding of the responsibilities that come with these types of loans, give borrowers over the age of 62 a responsible way to access their home’s equity. Still, pursuing […]
Jul
8
2021
8
2021
Increasing demand and rising prices are making it difficult to find bargains in today’s real estate market. Instead, many buyers are competing with multiple offers and agreeing in advance to fund the gap that can occur with a low appraisal. Despite the challenges, there are still some strategies available to those who prioritize value above […]
Jul
6
2021
6
2021
It’s tough enough to keep track of one credit score, but did you know that you actually have THREE? In this video, our CEO and founder, Scott Gordon, discusses how lenders view these different credit scores and ways to improve your chances of being approved for a mortgage. Some of the topics he covers: Different […]
Jul
1
2021
1
2021
A Home Equity Conversion Mortgage (HECM) is typically promoted as a way to remain in a long-owned home despite the income limitations that might come with retirement. However, these loans, known as reverse mortgages, can also play a role for retirees looking to change their living situation, especially in light of the dramatic increases in […]
Jun
29
2021
29
2021
National Reverse Mortgage Lenders Association (NRMLA) has appointed Patty Wills, CRMP, National Retail Sales Manager for Reverse Mortgages at Open Mortgage, as co-chair of its newly-formed Diversity, Equity, and Inclusion (DEI) Committee. The DEI Committee’s goal is to strengthen the reverse mortgage ecosystem by promoting diversity, equity, and inclusion practices while building awareness of the […]
Jun
29
2021
29
2021
A Home Equity Conversion Mortgage (HECM) is a well-established tool for retirement-age homeowners looking to add more financial flexibility into their future. These loans, often referred to as a reverse mortgage, offer a way to capitalize on a home’s equity without having to part with the property. The eligibility requirements for a HECM include a […]
