One of the most important factors of your mortgage is the interest rate. It is absolutely necessary to secure the lowest possible interest rate to save money over the life of the loan. For example, imagine you want to secure a mortgage for $150,000 and choose the 30-year, fixed rate term. This means you will […]
Until recently, turning your home “green” (environmentally friendly) was considered admirable, but not practical for most households. In many cases, “green” products would cost several times the amount of normal products, making it an easy choice to build and maintain your home using standard (IE non-green) materials. But technology improvements, growing demand, and increased awareness […]
As we move through November, winter is almost on our doorstep. As a companion to our post on winterizing your home’s outdoors, here are tips for preparing your home’s indoors for winter. Change your smoke alarm batteries It’s important to change the batteries in your smoke alarms and carbon monoxide detectors at least once a […]
For some retirees, a reverse mortgage can be an effective retirement tool. Reverse mortgages allow Americans aged 62 and older to convert part of their home equity (wealth) into cash without selling their home. This can help retirees supplement their monthly expenses or prepare for unexpected costs. In a reverse mortgage: The lender pays you […]
They say that the only thing certain in life is change. When your life circumstances change, here are five reasons you may want to consider refinancing your mortgage: To obtain a lower interest rate One of the most common reasons to refinance your mortgage is to secure a lower interest rate. Reducing your interest rate […]
Home ownership can bring tremendous joy to you and your loved ones. But it also takes hard work (and money) to protect your home from harsh weather, sun damage, and general wear and tear. Here are some low-maintenance upgrades that reduce time fixing your home, and give you more time to enjoy it. Metal Roofs […]
Halloween is bigger than ever in the USA. In fact, the National Retail Federation predicts that for Halloween 2016, Americans will spend $8.4 billion (including $3.1 billion on costumes and $2.5 billion on candy). This come out to $82 dollars per person! And while it’s hard not to love a night where you can eat as […]
Recently, Open Mortgage CEO Scott Gordon sat down with the Reverse Review’s Hot Seat and gave them the scoop on his favorite TV show and the future of the mortgage industry. Ten years from now I’d like to be retired, skiing and traveling. But I’m afraid I’d be bored without a day job. Something very […]
Reverse mortgages let seniors aged 62-and-older convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. While reverse mortgages aren’t meant for all seniors, here are six situations they can be ideal: You love your home and don’t want to move If you take out a reverse mortgage, […]
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