Blog
May
10,
2023
10,
2023
If you’re considering a Home Equity Conversion Mortgage (HECM), also known as a Reverse Mortgage, you’re in the right place. Choosing the right payout plan for your Reverse Mortgage can be overwhelming, as several options exist. This video will guide you through the different Reverse Mortgage payout plans, helping you make an informed decision that […]
Apr
5,
2023
5,
2023
At Open Mortgage, we offer reverse mortgage solutions to help you purchase the home you’ve always wanted. With a Reverse for Purchase plan, you can use the equity in your current home to buy a new one without making a monthly mortgage payment. Start planning for your dream home today by watching the video below. […]
Mar
15,
2023
15,
2023
What would peace of mind in retirement look like to you? Whether you plan to spend most of your time volunteering, working in a meaningful part-time job, or simply enjoying leisure activities to the fullest, financial security is crucial. A retirement on the horizon means answering important questions about how you’ll structure your finances to […]
Feb
1,
2023
1,
2023
In a perfect world where mortgage rates, market inventory and demand from homebuyers align, downsizing to a smaller home would be a piece of cake for aging seniors. Unfortunately, this isn’t always the case, and sometimes downsizing isn’t a feasible option. Seniors Staying Put Factors like the lack of affordable inventory in a preferred location […]
Nov
2,
2022
2,
2022
When we think about the future, we often imagine what we will do in our retirement, what trips we will take and what activities we will immerse ourselves in. What’s less fun to think about is planning for what happens as we continue to age and how we will invest in our future as the […]
Sep
28,
2022
28,
2022
If your fixed income and expenses are making you second guess your retirement date, you need a new retirement solution. A Reverse Mortgage is an answer that can help save your retirement. With a Reverse Mortgage, you can stay in your home without selling by taking equity out of your home. Watch this short video […]
Aug
24,
2022
24,
2022
Are you retired and thinking about moving to a new location? This is common, as 64% of retirees expect to move at least once during retirement. Whether you want to relocate to a warmer state or move across your city to be near your grandchildren, there’s a home loan that could help make this happen: […]
Aug
10,
2022
10,
2022
Before taking out a Reverse Mortgage you’re required to take a Reverse Mortgage Counseling session by law. If you want to know what to expect before your first session, learn what’s ahead in this video. Things to know about Reverse Mortgages: At the conclusion of a reverse mortgage, the borrower must repay the loan and […]
Jul
27,
2022
27,
2022
When we retire, we dream of the places we’ll go and things we’ll see. But what happens when the reality of making your savings last through your retirement doesn’t meet the dreams of traveling? In this video, we’ll discuss ways you can take your retirement on the road so you can keep checking off your […]
Jul
13,
2022
13,
2022
While a Home Equity Conversion Mortgage (HECM), or reverse mortgage, can be a smart financial tool for those needing to supplement their retirement income, its possible ability to protect a well-funded nest egg is easy to overlook. As retirement approaches, even those with a solid financial plan may fear the damage an ill-timed market downturn […]
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