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Open Mortgage
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Open Mortgage launches Florida Recovery Program to help families, homeowners affected by Hurricane Ian
Open Mortgage announced today a new program offering Florida homeowners and families in Hurricane Ian's disaster area numerous options to replace, renovate or upgrade their homes with affordable, flexible financing options that, in many cases, can be approved with no money down. "Florida is home to 9 of our branch offices and dozens of our [] Source.
Stay Warm Safely When Cooler Weather Arrives
The arrival of cooler temperatures suggests we will soon knock the rust off our heaters. Using appliances for heat can be more efficient than heating an entire home, but they can also lead to fires. Preventing fire accidents can come down to preparation and knowledge of fire safety.
Tips to Protect your Home This Fall
The fall season is quickly approaching, and now is the time to weatherproof your home for a comfortable autumn and winter. Prepare to combat cold temperatures As temperatures cool, it's important to make sure your home can get warm quickly and stay warm. Ensure you have the proper insulation in your attic and under the [] Source.
Home Staging Tips For A Great Fall Look
Home staging is an important factor when you are ready to sell. Selling your home during the fall season provides a distinctive opportunity to increase your home's appeal. This video will show you simple and effective ways to show your home with a bit of fall flair.
Open Mortgage Receives Inaugural “Impact Award”
The Dream Come True Foundation announced today Austin-based mortgage lender Open Mortgage and founders Scott and Tana Gordon as the inaugural recipients of the newly established "Impact Award", with an award recognition to be held on Sunday, Oct. 2. Open Mortgage and the Gordons have partnered with The Dream Come True Foundation during the past [] Source.
Refinance To A Reverse Mortgage
A Reverse Mortgage is an answer that can help save your retirement. With a Reverse Mortgage, you can stay in your home without selling by taking equity out of your home.
Dual Income No Kids
Summertime is the busy season for homebuyers with children. But, if you are a dual-income couple without kids, fall can be the best time to buy for you. To learn why you should consider fall rather than wait till next summer to buy, watch our video.
Plan Your Travels With a Reverse Mortgage
A Home Equity Conversion Mortgage (HECM) is a well-established tool for retirement-age homeowners looking to add more financial flexibility to 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 […]
The Millennial Approach To Owning A Home
The Millennial generation is known for taking a nontraditional approach to many aspects of life. Due to student loan debt, Millennials are protective of their financial security and require ways to balance their debt with income through the renting and sharing culture. If you are interested in a non-conventional way of owning a home, watch […]
Five Hidden Costs of Renting
Buying a home feels more expensive than renting, but over the long run, it is cheaper. Although there is a freedom that goes along with leasing, if you’re renting year to year, your home is at the mercy of the market and your landlord.
Retire to a New Location
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: […]
Moving On And Moving Out: Managing A Mortgage After Divorce
During a divorce, you divide your assets, but what about your mortgage? Before you start going to open houses, make sure your responsibilities on your past mortgage don’t impact your future mortgage.
What To Expect From HECM Counseling
At the conclusion of a reverse mortgage, the borrower must repay the loan and must repay it. At the end of a Reverse Mortgage you’re required to take a Reverse mortgage Counseling session by law.
How To Lower Your Summer Air Conditioning Costs
Summer is going to be hot, but that doesn't mean that your wallet needs to burn out for you to keep cool.
Retirement on the Road
When we retire, we dream of the places we’ll go and things we’ll see. But what happens when the reality of making your savings last through your retirement doesn’t meet the dreams of traveling? In this video, we’ll discuss ways you can take your retirement on the road so you can keep checking off your […]
Rise Of The Multi-Generational Home
Over the past decade, the number of Americans living in a multigenerational household with three or more generations has nearly quadrupled. Families are finding that the burden of healthcare, childcare, and housing costs are diminished by living under one roof. If you want to know more about the benefits are to living in a multigeneration […]
Protecting Your Retirement Plan With A Reverse Mortgage
While a Home Equity Conversion Mortgage (HECM), or reverse mortgage, can be a smart financial tool for those needing to supplement their retirement income, its possible ability to protect a well-funded nest egg is easy to overlook. As retirement approaches, even those with a solid financial plan may fear the damage an ill-timed market downturn […]
Open Mortgage Guide To Backyard Upgrades
National Grilling Month is off to a booming start. If you want this summer’s backyard BBQs to be a bust, you’ll need a backyard that can rise to the occasion. To see what upgrades you can make to your backyard watch our video.
When a Reverse Mortgage Comes Due
At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or sell the house. A reverse mortgage provides financial freedom and security using your home’s equity, but what happens when the loan comes due?
Low Income? You Can Afford More Than You Think
Is your income a source of anxiety when exploring buying a home? Sometimes, it feels difficult to know when you make enough to qualify. If you have a low income, you can afford more than you think. To learn more, click the video below and find out just how much:
Talking to Your Parents About Reverse Mortgages
Speaking to your parents about their financial future is a difficult conversation. If you are looking into options to let your parents live comfortably throughout their retirement, a reverse mortgage can answer your worries.
5 Ways Rising Interest Rates Can Be Positive
Don't let fear of rising interest rates stop you from one of life's greatest joys.
Open Mortgage SVP of Marketing Adam O’Daniel named to HousingWire 2022 Rising Stars List
HousingWire announced the 2022 Rising Stars, spotlighting 50 leaders under the age of 40 who are driving the mortgage, real estate, and fintech industries forward.
Buying a New Home In Retirement?
For all the well-laid plans that come with preparing for retirement, sometimes things happen that we can’t predict. This is especially challenging when a medical event or a need to be close to family means it’s time to move into a new home. While the moving process isn’t easy, the nice thing about a Home […]
Five Fast Strategies for a Higher Loan Amount
What you preapproved for may seem smaller than what you really want, it is important to know that the lenders are choosing amounts that are realistic for you. If you want more, you can't afford the bigger house with the big backyard and pool, but sometimes that is
Refinancing to a Reverse
Transitioning into a comfortable retirement typically requires hard work, careful planning, and the ability to reconcile your financial health with long-held aspirations. However, if retirement is nearing and the resulting fixed income threatens to derail the lifestyle you imagined, an underutilized and often misunderstood tool could get you back on track. Add Income, Reduce Costs […]
Open Mortgage Appoints Brenda Hedeen to Chief Financial Officer
Open Mortgage, a multi-channel mortgage lender dedicated to
empowering the dream of homeownership, has selected Brenda Hedeen,
CPA, as the new Chief Financial Officer (CFO) to spearhead the
firm’s finance and accounting operations. Anthony Nolte, Open
Mortgage’s CFO and legal counsel since 2019, has been appointed to
the newly-created position of Chief Legal Officer. “With […]
... more
Securing a Low Mortgage Interest Rate In an Era of Higher Rates
Don’t let fear of rising interest rates stop you from one of life’s greatest joys…having a home. Watch our video for 5 tips to secure a low interest rate.
The USDA Loan isn’t just for Farmers
Initially designed to help rural America recover from the Great Depression, today’s USDA loan program boasts some of the most attractive loan terms available for those who qualify. However, it may also be one of the most overlooked by home buyers. The problem could be due to a lack of familiarity or the misconception that […]
2022 Buying Season: Small Towns, Big Competition
Continuing our series of articles to help you navigate the 2022 buying season, we’re taking a look at a relatively recent trend that is driving high demand for homes in some surprising places. For more than a decade, rising home prices have been a reality for large metropolitan areas and their surrounding suburbs. More notably, […]