Blog

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 […]
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 […]
Jul 9 2020
Preparations for retirement often focus primarily on savings accounts, investment portfolios and pension plans. However, one of the overlooked pieces in the planning puzzle is the retiree’s home.  In addition to being a significant element of many homeowners’ wealth, and a potential source of funds via a reverse mortgage, the ability to fulfill its primary […]
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 […]
Jun 16 2020
elderly couple waving at family through tablet
The longer the COVID-19 pandemic continues, the more difficult it is to imagine a time when traditional retirement activities will return. But you may not have to rewrite your bucket list just yet. There are hopes of a coming vaccine, and there are plenty of social-distancing-friendly activities to pass the time while you plan for […]
Mar 5 2020
Couple bird watching
Mark Twain wrote about traveling abroad in the 1860s. One hundred years later, John Steinbeck wrote about a road trip he took with his dog, Charley. Today, the internet is saturated with travel blogs. Americans are fascinated with travel, and it’s easy to understand why: travel is one of the most rewarding experiences in life. […]
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 […]