Blog

Oct 26 2016

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, […]

Oct 23 2016

Winter is coming. And for preventing expensive home repairs caused by cold winter weather, fall is the time to take action. Here are some simple things you can do to prepare your home’s outside (and your home goods) for winter. Properly store your lawn mower In most of the US, you won’t have to mow […]

Oct 22 2016

An unforeseen event (and cost) we should all prepare for is natural disasters. Whether you’re retired in Florida or Michigan, it’s critical to be prepared for unexpected natural disasters, such as fires, tornadoes, floods, earthquakes, and power outages. An emergency kit can help you be ready for the unexpected One of the best and easiest […]

Oct 21 2016

Thinking about buying your first home? Congratulations! Open Mortgage can work with you every step of this empowering and life-changing process. If you’re like most people, you’ll need a mortgage to purchase your first home. A mortgage is a loan from a bank or mortgage lender that helps you finance your home purchase. But before […]

Oct 20 2016

If you’re retired, your home’s layout, features, and location play an important part of your life. And if you’re still living in the home where you raised your children, the home may no longer be ideal for your lifestyle and circumstances. For example, it may be too large, have stairs that are difficult to walk […]

Oct 19 2016

There are many requirements and steps to obtain a mortgage, and the process can feel intimidating whether you’re a first-time homebuyer or seasoned veteran. To make the mortgage approval process easier to understand (and to help you prepare), here is a guideline of the steps. The guideline is meant to be taken as a general […]

Oct 4 2016

Seniors are living longer than ever, a trend that’s expected to continue in decades ahead. In fact, a recent report from the National Center for Health Statistics found that a 65-year-old American can expect to live to the age of 84.3—or for 19 years past the age of retirement Because seniors are living longer, they […]

Sep 21 2016

There are numerous factors to consider when buying a house, and some are more important than others. Specifically, people can bring into consideration price, home’s condition and sometimes the location. But what about other lesser known varying factor that can make a break a purchase. Neighborhood When visiting the neighborhood of your future home, this […]

Jul 6 2016

Open Mortgage is continuing to update our look and feel by officially launching a new corporate website, openmortgage.com. The site, which launched last month, offers a wide range of features for a better user experience. One of those features includes specific portals designed for the borrowers, banking or Realtor partners, and loan professionals. There is […]

Jun 13 2016

AUSTIN, Texas, June 13, 2016 /PRNewswire/ — Open Mortgage, known in the industry for its process innovation and exceptional service, recently announced they have been approved as a seller with the Federal National Mortgage Association, commonly known as Fannie Mae. “This approval opens up new opportunities that we are very excited about,” said Scott Gordon, Open […]

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