Stability and success are important at every stage in your life. For those exploring reverse mortgages, we understand that your family and your security are paramount. We provide quality customer care you can trust. We’ll guide and educate you through the process to make it manageable, with transparent communication and a commitment to make sure your needs are taken care of before, during and after the loan. We’re dedicated to helping you achieve your financial goals.
Your Reverse Mortgage Professional will educate you about your options, but below are the basic homeowner eligibility requirements:
- Must be 62 years or older
- Live in home as primary residence; vacation homes and investment properties do not qualify
- Complete a HUD-approved counseling session
- Must be able to pay homeowners taxes, insurance and any applicable HOA fees
Proceeds can be used for any purpose such as:
- In-home care
- Healthcare costs
- Home improvements
- Long-term care
- Home purchase
- Pay property taxes
- Pay insurance
- Emergency fund
- Supplement retirement
- Other living expenses
Why Open Mortgage?
Whether you’re buying a home, you’re looking to refinance or interested in a reverse mortgage, we do it all. So no matter where you are on your journey, we can bring you closer to home.