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, […]
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 […]
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 […]
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 […]
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