Jun 12, 2017

Jake Droge, a reverse mortgage loan originator with Open Mortgage, has been designated a Certified Reverse Mortgage Professional (CRMP) by the National Reverse Mortgage Lenders Association. Jake joins Open Mortgage loan originators Carlos Camargo, Melinda Hipp, Rick Sweeney, Patty Wills, and 149 individuals nationwide with the prestigious CRMP designation. CRMP is awarded following passing a […]

Jun 5, 2017
If you’re a senior citizen, there are times you you may require extra income for a specific period of time. This income could be for unexpectedly needing several months of physical therapy, or to take up a new hobby such as golf lessons. Regardless of why you need this extra income, it can be obtained […]
May 30, 2017
Senior citizens sometimes require extra income to supplement their social security, savings, and investments. Whether it’s for medical expenses, building savings, or to take up a new hobby, this extra income can be obtained through a reverse mortgage. As discussed in our previous blog post in this series, reverse mortgages offer a range of payout methods, including […]
May 22, 2017
With Americans living longer than ever, it’s harder for seniors to remain financially stable while extending their savings. This is causing many seniors to delay retirement so they can work more years. Others are downsizing their homes or turning to family for assistance. Fortunately, there’s a solution that can help seniors build savings, prepare for […]
May 8, 2017

April was another busy month in the mortgage industry. Here are some recent articles, highlights and homeowner tips: Two Blockbuster Months In A Row Signal Steaming Home Market Pending sales, which are home purchase transactions in which a buyer has signed a contract, reached their best two-month total since April and May of 2016. Key […]

Apr 13, 2017

If you or a family member are considering a reverse mortgage, it’s important to research them beforehand. Websites such as the Federal Trade Commission provide excellent and credible information on reverse mortgages, and are a great place to start your research. This blog has also provided information on specific situations where a reverse mortgage could […]

Apr 10, 2017

Your home is an investment you can use for financial purposes in the future. For example, some seniors 62 and older take out reverse mortgages, while others take out home loans. But you may find that you need access to extra financing during specific scenarios. That could mean your best option is a Home Equity […]

Apr 5, 2017

Are you a retiree who wants to build your financial safety net? If so, you may want to consider a reverse mortgage! Reverse mortgages let Americans 62-and-up convert part of their home equity (wealth) into cash, a monthly check, or a line of credit. This could help retirees prepare for unexpected costs like medical bills […]

Mar 21, 2017

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: […]

Mar 13, 2017

February was another busy month in the mortgage industry. Here are some recent highlights and helpful articles: Goldman Sachs: Mortgage interest rates will rise to 5.5% by 2019 Goldman Sachs’ analysts are predicting the 30-year mortgage rate to rise to 5.5% in 2019, an increase 1.5% over several years. Key takeaway: while predictions are often […]