Blog
21,
2017
When searching for homes, it’s typical to tour many homes (and spend months looking online) before discovering the home you want in your price range. When you finally experience this home in person, you’ll likely feel joy and excitement. After all, this home could be the setting for your next life stage! But before you […]
16,
2017
Home equity conversion mortgages (HECM), also known as reverse mortgages, let eligible Americans 62 and older borrow money from their home equity. While HECMs can be a powerful tool for certain individuals and families, they’re not meant for everyone. Watch this video to learn if a HECM could be right for you.
14,
2017
Over the past few years, more and more homeowners are investing in environmentally friendly home renovations. Not only are these upgrades good for the environment – they also have the potential to improve the value of your property and increase your home’s equity, while possibly decreasing energy consumption costs as well. For homeowners that are […]
10,
2017
Reverse mortgages provide seniors with an opportunity to take out a home loan on the equity of their current home. Seniors can continue to live on their property without making any additional mortgage payments. Interest is added to the balance of the loan. With a reverse mortgage, seniors do not need to worry about paying […]
7,
2017
When you begin the homebuying process, your mind can have a million thoughts all over the place. Let this video sort out everything you need to focus on for buying a house.
2,
2017
Baby boomers: the ideal reverse mortgage candidate? According to newly-released government data, 32% of Americans aged 65 to 69 are employed—the highest percentage in 55 years. In addition, 19% of Americans aged 70 to 74 are still working, up from 11% in 1994. Economists expect even higher rates of working seniors in the coming decades, […]
31,
2017
Five Questions to Ask a Prospective Realtor When it comes to buying and selling your home, having the right Realtor can help you buy your dream house or sell your existing home quickly. Realtors perform literally hundreds of functions for individual homebuyers and sellers, including finding homes, negotiating purchases, coordinating paperwork, and providing guidance. […]
31,
2017
Patty Wills, CRMP, an Open Mortgage reverse mortgage advisor, was recently interviewed by the official magazine of the National Reverse Mortgage Lenders Association (NRMLA). The interview, which can be found on page 10 of the magazine, highlights Patty’s 25-year reverse mortgage career and recent experience serving on NRMLA’s Board of Directors. Patty strongly believes […]
25,
2017
Everyone knows the most enjoyable part of buying a home is house hunting (we even enjoy watching other people search for their homes!). It’s fun to explore different neighborhoods and settings while planning your future. When looking at different homes, there are many things to consider, such as the quality of construction, whether the home […]
24,
2017
It’s getting hot out there, particularly in the housing market. With bidding wars increasingly common in many locations, buying a home requires discipline and strategy—and knowledge of mistakes that cause homebuyers to miss out on homes. To lower your chances of homebuying heartbreak, here are five common mistakes to avoid: Going over your budget A critical […]
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