Blog
30,
2017
When you apply for a reverse mortgage loan, you will need to provide some documentation. It is a good idea to create a checklist of all the documents that you may need for the reverse mortgage process. This video breaks down the documents you should gather before applying for a reverse mortgage.
23,
2017
Retirement is meant to be a time of self-exploration, fun, and relaxation. You spent 40+ years working hard, and retirement is your reward for that hard work. Many seniors take advantage of their free time with vacations, especially cruises, which provide the ultimate escape from day to day life. There are many affordable cruises. But […]
16,
2017
Home equity conversion mortgages (HECM), also known as reverse mortgages, let eligible Americans 62 and older borrow money from their home equity. While HECMs can be a powerful tool for certain individuals and families, they’re not meant for everyone. Watch this video to learn if a HECM could be right for you.
10,
2017
Reverse mortgages provide seniors with an opportunity to take out a home loan on the equity of their current home. Seniors can continue to live on their property without making any additional mortgage payments. Interest is added to the balance of the loan. With a reverse mortgage, seniors do not need to worry about paying […]
2,
2017
Baby boomers: the ideal reverse mortgage candidate? According to newly-released government data, 32% of Americans aged 65 to 69 are employed—the highest percentage in 55 years. In addition, 19% of Americans aged 70 to 74 are still working, up from 11% in 1994. Economists expect even higher rates of working seniors in the coming decades, […]
31,
2017
Five Questions to Ask a Prospective Realtor When it comes to buying and selling your home, having the right Realtor can help you buy your dream house or sell your existing home quickly. Realtors perform literally hundreds of functions for individual homebuyers and sellers, including finding homes, negotiating purchases, coordinating paperwork, and providing guidance. […]
31,
2017
Patty Wills, CRMP, an Open Mortgage reverse mortgage advisor, was recently interviewed by the official magazine of the National Reverse Mortgage Lenders Association (NRMLA). The interview, which can be found on page 10 of the magazine, highlights Patty’s 25-year reverse mortgage career and recent experience serving on NRMLA’s Board of Directors. Patty strongly believes […]
17,
2017
5,
2017
Discover the Home Equity Conversion Mortgage (HECM), a remarkable tool that can provide seniors increased financial stability. This infographic breaks down: How seniors 62-and-up can strategically use the $6.2 trillion of equity stored in their homes Reasons why you or a family member might consider using a HECM The HECM’s wide range of payout methods […]
19,
2017
Reverse mortgages continue to receive positive publicity in the news media, this time from USA Today. In a recent article, titled “Want financial security? Home equity and retirement accounts are key,” reverse mortgages are described as being a critical part of retirement planning. Wade Pfau, professor of retirement income at The American College of Financial […]
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