Blog
Sep
2,
2021
2,
2021
Although many homeowners over 62 opt for a Home Equity Conversion Mortgage (HECM) to eliminate their monthly mortgage payments, they may still face financial struggles. Unexpected events, such as the COVID-19 pandemic and its impact, can derail even the best plans. Fortunately, relief legislation and guidance from the Federal Housing Authority (FHA) and the Department […]
Aug
24,
2021
24,
2021
A dramatic drop in interest rates led to a boom in mortgage refinances during 2020 and early 2021. While rates remain at historic lows, their stabilization will likely reduce the number of homeowners who are prompted by the news of falling rates to explore refinancing. Instead, it will be the proactive property owners who primarily […]
Aug
10,
2021
10,
2021
A red-hot real estate market is giving many homeowners a big bump in equity. In this video, our CEO and founder, Scott Gordon, explores a few ways to cash in on years of hard work and currently rising equity. Some of the topics he covers: Home Equity Lines of Credit and Refinancing Home Equity Conversion […]
Aug
5,
2021
5,
2021
Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, welcomes Windi Gerber as Senior Vice President of Human Resources. In this position, Gerber will be an integral member of the senior leadership team and will be accountable for the people operations of Open Mortgage, managing all aspects of the employee life […]
Aug
5,
2021
5,
2021
A Home Equity Conversion Mortgage (HECM) offers an avenue to borrow a portion of your home’s value and defer repayment of the loan as long as the property remains your primary residence. It’s a flexible option for homeowners who own their home free and clear. Under certain circumstances, it can also be worth pursuing if […]