Blog

Dec 21 2021
Seniors stretching
There’s no right way to retire. The options for retirement living are limited only by your budget and your priorities. Fortunately, your budget may not be holding you back as much as you thought. Take a look at some of the ways you can settle in for the next phase of your life and a […]
Dec 9 2021
Man using hammer
If you’re planning a home renovation, and retirement is on the horizon, you might want to take some extra time to plan your projects. Most home improvement projects require careful planning, but the challenges of retirement can raise the stakes even higher. We’ve put together a few tips to guide your pre-retirement renovation and help […]
Jul 22 2021
Older couple driving an RV
With retirement around the corner, you may have big plans for filling your more flexible schedule. One of our recent posts explained many of the ways a reverse mortgage can expand your travel options. Now we’ll talk specifically about using a Home Equity Conversion Mortgage (HECM) to take your retirement on the road. Your House […]
Jul 1 2021
older man on the phone
A Home Equity Conversion Mortgage (HECM) is typically promoted as a way to remain in a long-owned home despite the income limitations that might come with retirement. However, these loans, known as reverse mortgages, can also play a role for retirees looking to change their living situation, especially in light of the dramatic increases in […]
Jun 29 2021
Older couple on motorcycle
A Home Equity Conversion Mortgage (HECM) is a well-established tool for retirement-age homeowners looking to add more financial flexibility into their future. These loans, often referred to as a reverse mortgage, offer a way to capitalize on a home’s equity without having to part with the property. The eligibility requirements for a HECM include a […]
May 4 2021
Older couple
A Home Equity Conversion Mortgage (HECM), or reverse mortgage as it is commonly known, relies on the accrual of substantial equity. Often, a HECM is a tool used by homeowners who have successfully paid their mortgage in full but prefer not to sell the home to access its cash value. In these cases, pursuing a […]
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
older man with backpack
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 […]
Sep 8 2020
older man with backpack
While the act of retiring won’t directly impact your credit score, the accompanying changes to your financial habits can. Cutting back on your credit accounts and reducing your income could substantially lower your borrowing power.  Even if taking on new debt is not a part of your retirement plan, unplanned expenses are not uncommon during […]