Blog

Feb 25 2021
In 2018, AARP found that 76 percent of Americans over 50 preferred to remain in their current homes as long as possible. However, substantially fewer of them believed it was a realistic option. Fortunately, proper planning and an open mind can maximize your retirement options and make the goal of maintaining independence more attainable.  One […]
Dec 29 2020
It’s never too late for a fresh start. In fact, it’s possible to support your retirement and move into a new home at the same time. In this video, Open Mortgage CEO and founder Scott Gordon discusses the financial flexibility of a HECM for Purchase mortgage. Some topics he covers: Downsizing or relocating to cut […]
Oct 20 2020
While leisure travel is on hold for most of us, that’s not likely to be the case forever. As restrictions ease and confidence in our ability to do so safely returns, there will likely be a growing demand to make up for lost time. In particular, retirees may see the end of this pandemic as […]
Jul 30 2020
Older couple
Reverse mortgages have recently started to become a proactive part of a comprehensive retirement plan. They can be particularly effective for homeowners whose wealth is primarily in home equity. Watch this video if you are a new retiree who doesn’t need money now but wants the security that comes with knowing it’s available during economic […]
Jun 17 2020
People looking at each other
The coronavirus has tested the financial stability of many; that’s especially the case for those preparing for—or currently navigating—retirement. If you have a reverse mortgage, or you’re considering one, this video is for you. Here are some of the topics our CEO and founder, Scott Gordon, discusses: How reverse mortgages might act as a financial […]
Jan 21 2020
couple packing

Retirement-age baby boomers have recently been shifting the tides of the real estate market in what’s become known as The Silver Tsunami. Increasingly interested in downsizing, empty nesters are selling their single-family homes and embracing the amenities that condos offer. Here are some core reasons behind this new trend that’s been sweeping across the country: […]

Nov 19 2019

Retirement represents a major transition in a person’s life — one that comes with a lot of decisions. Chief among those may be the choice of where to live. While downsizing has been a common move for retirees in the past, many are now finding themselves “smart-sizing” instead.  The concept of smart-sizing is about figuring […]

Oct 15 2019

Retirement is much more than just the end of a career. Hopefully, it’s also a substantial portion of your adult life. Working with a trusted financial advisor can be a smart way to prepare and can give you the confidence to make the most of your Golden Years.  Whether you’re looking for a retirement advisor, […]

Oct 3 2019

If your retirement is approaching and you own a home, chances are it will play a significant role in your post-career plans. Whether you’re staying put, downsizing or considering supplementing your finances with a Home Equity Conversion Mortgage (HECM), the equity you have in the property matters.  Even if retirement is closer than you care […]

Aug 8 2019

If you are retired or approaching retirement, you may find that a fixed income is not always enough to cover your expenses and maintain your desired lifestyle. Fortunately, there are other options to help you bring in extra money. One option is getting a roommate. A home equity conversion mortgage (HECM), also known as a […]