Reverse Mortgages Mean Staying Ahead of Home Repairs

Posted By Brandon Simmons on February 16, 2018

A reverse mortgage offers homeowners age 62 and older an affordable avenue to access their home equity. For some, this provides an opportunity to pursue a lifelong dream, while others may simply make it a part of their retirement strategy.

In any case, tapping into your home’s value also makes you contractually obligated to be a responsible homeowner.

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Love Your Mortgage, No Matter Your Relationship Status

Posted By Brandon Simmons on February 15, 2018

Marriage or mortgage, agreeing to a long-term commitment isn’t a decision to be taken lightly. A real connection, and the confidence it will last, is critical to the success of either.

However, shopping for a mortgage as a married couple can bring some added considerations to the table.

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Know Your Rights: Home Ownership Is For Everyone

Posted By Brandon Simmons on February 12, 2018

Black History Month celebrates the achievements of African Americans and recognizes their central role in American history. It’s also an opportunity to appreciate the advancement of civil rights, and highlight the deficiencies that still exist. 

One way to ensure progress continues is by asserting the rights that we all share,

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First Time Homeowner? Buy For Your Budget

Posted By Brandon Simmons on February 8, 2018

Most first-time home owners understand the difference between achieving the dream of buying a home versus buying a “dream home.” Part of a very personal decision-making process for buyers that know what they can realistically afford means making the latter distinction. Which means you’re probably asking yourself: How can I get the most out of my first home while staying within my budget?

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How do you Measure up in the Game of Credit Score? (Infographic)

Posted By Brandon Simmons on February 7, 2018

A credit score shouldn’t be taken lightly (it’s a necessary and important part of your financial life, after all!), but it doesn’t have to be scary, either. Credit scores will ebb and flow based on lots of factors, but here’s the most important thing: getting your score into optimal range IS achievable,

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Get A Return On Renovations When Selling Your Home

Posted By Brandon Simmons on February 5, 2018

A fresh coat of paint and trendy design can certainly impact a homebuyer’s first impression, but those efforts may not translate to more money in the seller’s pocket. Homeowners focused on maximum value should consider improvement projects that go beyond aesthetics.

The Basics

If you’re planning to put your home on the market,

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Taking Out a Reverse Mortgage? Here’s How To Prepare

Posted By Brandon Simmons on February 1, 2018

If you’re in the market for a reverse mortgage (also known as a Home Equity Conversion Mortgage, or HECM), it’s a guarantee you’ll have a lot of questions, including what you’ll need to provide to make it happen. Even in the digital age, documents and paperwork can take some time and planning,

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Be Prepared for the Unexpected When Buying a House

Posted By Brandon Simmons on January 31, 2018

Despite the “reality” shown on popular HGTV shows, buying a home isn’t always rainbows and butterflies. Real-life issues are bound to emerge after your offer is accepted and the loan process is underway. While there’s no reason to be pessimistic, it’s never a bad thing to be prepared for unseen obstacles.

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What’s In A Name? Your Financial Story

Posted By Brandon Simmons on January 25, 2018

Buying a home is a huge decision. There are lots of questions to ask and pros and cons to weigh before you ever commit to making an offer. But, it’s the financial decisions you made before you started shopping—and the story they tell about you—that could prove to be just as critical.

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How Appraisals Work (FHA vs. Conventional)

Posted By Brandon Simmons on January 18, 2018

Buying or selling a home is more than just a transaction. It involves many steps, from listing to closing, and each one can be a source of frustration, especially if either party is unclear about the purpose or unsure about what to expect.  

The appraisal is just one of those anxiety-inducing steps.

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Retiring in 2018? Make Sure You’re Ready

Posted By Brandon Simmons on January 17, 2018

Even in the best case scenarios, change isn’t easy. Retiring is an exciting, but complex process, and if you’re retiring in 2018, it’s important to prepare for what comes next. We’ve put together a game plan to help you stay on track.

Make tangible plans for how you’ll spend your time.

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Buying A Home? Prepare Your Paperwork

Posted By Brandon Simmons on January 11, 2018

Shopping for your first home is exciting. But, it can also be overwhelming. What you won’t see on most of those home-buying television shows is the preparation that goes into applying and qualifying for a mortgage, often before the shopping process even begins.

A little proactive effort before falling in love with a home can go a long way toward a smooth process.

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Protecting Your Future With An Aging Plan

Posted By Brandon Simmons on January 10, 2018

Have you taken your retirement planning far enough? You’ve probably thought about your financial security, investment options, and how to spend the well-deserved freedom that retirement brings, but your strategy shouldn’t end there.

Creating an aging plan to guide the decisions you, and your loved ones,

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Happy Birthday To Us: 15 Years Young

Posted By Brandon Simmons on January 5, 2018

At the start of every year, we look forward to new beginnings and continued growth, and 2018 is no different. However, it is a big year for us. We’re toasting to a significant milestone in the company’s history: on January 5, Open Mortgage celebrates 15 years in business.

Since its inception in 2003,

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How Homeownership Can Save You Money On Taxes

Posted By Brandon Simmons on January 3, 2018

But in this world nothing can be said to be certain, except death and taxes.” — Benjamin Franklin

If Ben Franklin were around today, he might also mention that being a homeowner certainly has its tax benefits. As the year comes to a close,

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Video: How to Decide if you Need a Reverse Mortgage

Posted By Brandon Simmons on December 18, 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.

Read More


Ways To Brighten Your Home In The Dark Days Of Winter

Posted By Brandon Simmons on December 13, 2017

They say it’s the most wonderful time of year.

With holiday parties, out-of-town visitors, and plenty of excuses to try a multitude of tasty treats, there’s definitely lots to look forward to—even as the days get shorter and the weather turns colder.

Of course,

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Achieve Your Goals in 2018 With These Mortgage Options

Posted By Brandon Simmons on December 12, 2017

Home ownership is more than just a house with your name on it; it’s a financial opportunity that can create security over the years through life’s ups and downs. Whatever your goals, the right mortgage can help you along the way.

You’re ready for a starter home.

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Avoiding Holiday Stress: Tips From A Psychologist

Posted By Brandon Simmons on December 7, 2017

The holidays aren’t joyful when you’re stressed. It’s easy to get caught up in the busyness of the season with the expectations of gift-giving, party attending, volunteering and decorating. There’s nothing wrong with any of those activities, but squeezing all of it into the normal routine can seem daunting at times.

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Financial Freedom to Escape the Cold

Posted By Brandon Simmons on December 5, 2017

Are harsh winters putting a chill on your retirement plans? If snow and ice are keeping you from year-round enjoyment of your golden years, perhaps an annual change of scenery is in order.

While not for everyone, the lifestyle of a winter visitor, aka snowbirds,

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Is Refinancing Right For You?

Posted By Brandon Simmons on December 4, 2017

Our lives change over time, and so do our financial realities. In the ebb and flow between milestones, the good news is that you can capitalize on the planning you’ve already put into place by leveraging your home’s equity and refinancing your mortgage. Refinancing isn’t for everyone’s situation; it can cost from 3% to 6% of the loan’s principal,

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Winterize Your Home to Stay Warm and Save Money

Posted By Brandon Simmons on November 30, 2017

Winter is coming.

Though the dip in weather comes as a welcome relief to a warm summer, it can be tough on your home. Freezing temperatures, wind and ice may be just an occasional worry or a recurring threat, depending on the climate where you reside.

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An Important Conversation for Aging Parents

Posted By Brandon Simmons on November 28, 2017

The wellbeing of a child is typically a parent’s highest priority; parents make every effort to keep them healthy, happy and safe. However, as time goes on, these roles can reverse, with adult children feeling responsible for the care of their aging parents.

Starting the Conversation

Navigating this transition is not always easy.

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Thanksgiving Leftovers That Won’t Weigh You Down

Posted By Brandon Simmons on November 27, 2017

‘Tis the season for eating large meals with heavy sides, and frankly, we’ve been waiting all year. However, if you’re feeling like you might want to switch to something a little less nap-inducing, there are options when it comes to the leftovers.

Just a little creativity (and reading this blog post) can help you battle the bulge this holiday season.

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Why Owning A Home Is More Than A Monetary Investment

Posted By Brandon Simmons on November 22, 2017

Home ownership is not just a monetary investment. It takes funds, usually a mortgage (we can help with that) as well as time and energy, but owning a home is also a mental and emotional investment that can pay off in positive, sometimes unexpected ways.

Our homes are extensions of our personalities and lives.

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Making Your Black Friday Shopping Worth The Wait

Posted By Brandon Simmons on November 21, 2017

The holiday season is just about here! You might not know who’s bringing the green bean casserole to Thanksgiving dinner, but the best Black Friday deals are already starting to emerge.

Even if spending the night camped outside a store is not for you, a bit of research could reveal a deal worth venturing out for,

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Home Equity Loans—What You Need to Know

Posted By Brandon Simmons on November 20, 2017

Let’s talk home equity.

As we navigate the complex world of home financing, it’s important to know exactly what the term means, and how it relates to you. Here’s a basic definition as it pertains to the homeowner:

Equity is the difference between how much your home is worth and how much you owe on it.

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Last Minute Thanksgiving Side Dishes

Posted By Brandon Simmons on November 16, 2017

The Thanksgiving meal—a time for hosting family and friends in your home, and also forgetting that dietary preferences for half your guests don’t fit the menu you planned.

Whether your family serves hors d’oeuvres while comfortably waiting for the main event, or waits in tense silence for the turkey to finally finish,

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Snuggle Buddies: Unique Volunteer Ideas For Retirees

Posted By Brandon Simmons on November 14, 2017

Retirement is a great time to start a regular volunteering gig. Not only is it a great way to ward off some of the boredom and loneliness that can come with major life changes (like retirement), it’s also a way to help others and get to know your community.

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Home Warranties: Do You Need One?

Posted By Brandon Simmons on November 13, 2017

A home warranty sounds like a good idea, but do you really know what it covers? Depending on your situation, it may not be necessary (and you can put that hard earned cash back into your newly purchased home).

Services

Many home warranties are over $300 a year,

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Home Equity Conversion Mortgages: Options For Everyone

Posted By Brandon Simmons on November 9, 2017

There’s no shortage of choices when it comes to a Home Equity Conversion Mortgage (HECM). Also commonly referred to as a reverse mortgage, it offers an array of options that can be tailored to specific needs of the borrower.

Using the loan to bulk up a fixed monthly income?

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Before You Hire: Essential Questions To Ask A Handyman

Posted By Brandon Simmons on November 8, 2017

A great handyman is worth their weight in gold. Finding someone you can trust can be a daunting task, but putting in research and effort on the front-end could prevent a lot of inconvenience and expense over the long term. Consider employing these must-ask questions before you shake hands and sign a contract with anyone working inside your home.

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What To Know About Flying The U.S. Flag At Your Home

Posted By Brandon Simmons on November 6, 2017

The pride of home ownership often includes keeping up your property’s curb appeal. The stars and stripes might be the perfect finishing touch, but did you know there are special guidelines for displaying and handling a U.S. flag? We’re here to guide you through it so you’re ready to go by Veteran’s Day,

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VA Loans, Refinancing And Home Modification Grants For Veterans

Posted By Brandon Simmons on November 3, 2017

VA loans are home mortgages designed specifically for veterans that have served a minimum of 90 days on active duty. Developed and guaranteed by the United States Department of Veteran Affairs, approved lenders can issue home loans to veterans without the stipulations of a traditional loan. Here’s everything you need to know (and more) if you’re a veteran looking to buy,

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Home Staging Tips For A Great Fall Look

Posted By Brandon Simmons on November 1, 2017

“No personal photos!” Some experts say it’s the first rule of home staging when you’re putting your house on the market. But what else should you do to beef up your curb (and interior) appeal? As you put those precious memories in storage to prepare for your home’s market debut,

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4 Common Misconceptions About Reverse Mortgages

Posted By Brandon Simmons on October 30, 2017

The term “reverse mortgage” gets a bad rap.

But before we talk about what reverse mortgages are not, let’s define what they truly are: Loans allowing homeowners 62 and older to access a portion of their home equity via lump sums,

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Does it Pay to Refinance Your Home?

Posted By Brandon Simmons on October 26, 2017

If you’re considering refinancing, you’ll need to do the numbers more than once—and different homeowners have different needs and goals.

If you’re a recent retiree with a traditional 30-year fixed rate mortgage, the current rates on a 15-year mortgage might have you wondering: is refinancing worth it?

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Aging Gracefully: 7 Activities To Help You Stay Young At Heart

Posted By Brandon Simmons on October 24, 2017

At Open Mortgage, it is our belief that we should all be on a journey to self-improvement. As we age, there are additional considerations to apply to this journey we call life, but the heart of it remains the same: How can I improve myself and,

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The Ultimate Timeline For Planning The Big Move

Posted By Brandon Simmons on October 19, 2017

Buying a house is exciting. Moving is not. But there are strategies that can help you make it as painless as possible. If you’re moving within six weeks, you’ll have no problems mastering a mega move. Moving in less time than that? Some of these plans can be reorganized to fit your schedule.

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Aging in Place: A Guide for Retirees and Older Adults

Posted By Brandon Simmons on October 17, 2017

We can’t predict our futures, but we can plan for contingencies, especially as we age. AARP’s research shows that nearly 90% of seniors wish to stay in their own homes as they age. After all, home is where the heart is, it’s where we find comfort and familiarity and often,

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Spookify Your Front Porch Just In Time For Trick-Or-Treaters

Posted By Brandon Simmons on October 16, 2017

Want to bring your A-game to Hallow’s Eve this year? Here are a few easy ways to make a hair-raising impression after sundown.

Mood Lighting

Changing the bulbs around the exterior of your home is perhaps the easiest (and least expensive) method of transitioning your house from welcoming to creepy.

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Halloween House Parties Sure To Be The Hit Of The Neighborhood

Posted By Brandon Simmons on October 12, 2017

Part of the joy of home ownership is settling into the neighborhood and forming long-lasting friendships. Starting an annual Halloween party tradition brings the community together for something to look forward to all year long, whether guests are eight or 80 years old. Here are three ideas that are sure to be the hit of any neighborhood.

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Student Loans & Mortgages: Here’s What You Need To Know

Posted By Brandon Simmons on October 10, 2017

Student loan debt have you worried about applying for a mortgage? It isn’t the loan itself that can affect your mortgage qualifications, but the amount you owe on that loan compared to your income, as well as the amount of the mortgage itself. Here are some basic factors that your lender will consider.

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Empty Nesters: Ideas On How To Put Those Vacant Rooms Back To Work

Posted By Brandon Simmons on October 9, 2017

If you’ve found yourself in a house that has rooms going unused, or you’ve abandoned your sewing, crafting or model ship-building room, there are plenty of ways to get that square footage back to work. While some of these are easy to implement, others may take a little bit of preparation and foresight,

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The Road To Recovery: How A 203(h) Loan Can Help

Posted By Brandon Simmons on October 5, 2017

No one expects to lose a home in a natural disaster, so when the worst is realized, we do our best to put one foot in front of the other. That said, picking up the pieces following a catastrophic storm like Hurricane Harvey or Irma can be overwhelming and confusing.

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3 Plants Every Homeowner Should Keep Inside The House

Posted By Brandon Simmons on October 4, 2017

Are you green with envy when you walk into someone’s house beautifully adorned with well-maintained plants? Don’t be! Anyone can have a house full of plants if you pick the right ones. House plants don’t only function as beautiful reminders of the outdoors for homeowners, they also help purify the air,

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4 YouTube Channels To Help You Become A Master Gardener

Posted By Brandon Simmons on October 3, 2017

Home gardening can be a great relaxing hobby, but it can also be intimidating if you’re inexperienced. Luckily, there’s a YouTube channel for that. In fact, there are quite a few YouTube channels for that. Whether you’re looking for inspiration, knowledge or instruction, these four YouTube channels are some of the best resources around when you’re looking to get your hands dirty.

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Your Home-Buying Style: Fixer-Upper or Move-in Ready

Posted By Brandon Simmons on October 2, 2017

You’re thinking of purchasing a home. Congratulations! Now for the big decisions. Do you want something that you can put your personal fingerprint on, or something with fingerprint-proof appliances? Do you want to retile the bathroom to your ideal color and shape, or enjoy a relaxing bath without eyeing the grout lines?

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Changes Coming to Reverse Mortgage: What You Need to Know

Posted By Micah on September 27, 2017

Open Mortgage is committed to keeping all of our customers up to date on today’s reverse mortgage environment. Recently, The Department of Housing and Urban Development (HUD) announced changes to both the Reverse Mortgage Initial Principal Limit (“PL” – the amount you are able to borrow) and the Mortgage Insurance Premium (MIP).

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Why Now is a Great Time to Upgrade to a Solar Powered Home

Posted By Micah on September 25, 2017

Although solar power has been around for generations, it was not long ago where the technology was both expensive and inefficient. Early solar panels could only convert a small percentage of solar radiation to energy, and the cost per watt of the technology was well outside of the range necessary to bring about a good return on your investment.

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Seasonal Jobs for Senior RV Travelers

Posted By Micah on September 20, 2017

There is nothing quite like traveling across the country in an RV. For many seniors, the activity has long been on their “bucket list,” as there is never a better time to explore all that the United States – and possibly even Canada, Mexico, or wherever the road takes you.

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Fast Ways to Improve Your Credit Score Before Applying for Your Mortgage

Posted By Micah on September 18, 2017

Your FICO credit score plays a key role in your ability to apply for a low interest mortgage. The higher your credit score, the more lenders are able to offer you a competitive rate on your loan. For those who are looking at buying a new home, it’s important to prioritize fixing your credit score in order to ensure that you receive the best rate possible.

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Options for Mortgage Holders Suffering from Flood Damage

Posted By Micah on September 14, 2017

Only a couple weeks after Hurricane Harvey hit Texas, Hurricane Irma has devastated Florida this past weekend. There is no denying that homes all over the region are going to sustain damage, including flood damage from each hurricane’s harsh rain.

If your home has been affected by flood,

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What Happens if You’re Under Contract to Buy a Home That Has Been Damaged

Posted By Micah on September 13, 2017

In the wake of Hurricanes Harvey and Irma, many uncommon homeowner and mortgage scenarios have been thrust into the spotlight. As those in Houston and the surrounding areas are faced with unimaginable challenges from this surprise hurricane, the following tips may give guidance and peace of mind.

One such situation involves a house that is damaged during escrow – when the homebuyer is under contract to purchase the home,

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Video BLOG: Talking to Your Children about Reverse Mortgages

Posted By Brandon Simmons on September 12, 2017

If you’re considering a reverse mortgage, we advise talking talking to your adult children beforehand about your thoughts and goals.

This video provides some tips to help guide this conversation:

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Video: Getting a Mortgage While Self-Employed

Posted By Brandon Simmons on September 11, 2017

If you’re self employed, it’s still very possible to get a mortgage, though it can be more challenging.

This video details how you can get a mortgage if you’re part of the fastest growing segment of America’s workforce (freelancers and the self-employed).

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Video: Is HECM Counseling Free?

Posted By Brandon Simmons on September 6, 2017

Before you can receive a home equity conversion mortgage (also known as reverse mortgage), you’re required to take part in a third party counseling session with a government-approved counselor. This counseling session helps you learn more about the loan.

Depending on your financial circumstances, there could be fees for this session.

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Video: 5 Ways to Keep your Mortgage Rate Low

Posted By Brandon Simmons on September 5, 2017

Many people don’t realize how much money they can save over time by securing a lower mortgage rate.

This video provides some practical tips on securing a low interest rate when applying for a mortgage.

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Video: Reverse Mortgage Items Needed

Posted By Micah on August 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.

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Video: Comparing Homeownership to Renting

Posted By Micah on August 28, 2017

The choice between buying a home and renting is one of the biggest financial decisions that many adults make. Each have their advantages, but what’s best for you depends on your circumstances.

If you’re thinking about buying a home, watch this video to learn some of empowering benefits that could be in your future.

Read More


How to Save for a Cruise on a Fixed Income

Posted By Micah on August 24, 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.

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Ready to Buy a Home? Consider its Utility Costs and Energy Efficiency

Posted By Brandon Simmons on August 21, 2017

When searching for homes, it’s typical to tour many homes (and spend months looking online) before discovering the home you want in your price range.

When you finally experience this home in person, you’ll likely feel joy and excitement. After all, this home could be the setting for your next life stage!

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Video: Is a Home Equity Conversion Mortgage Right for You?

Posted By Brandon Simmons on August 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.

Read More


Types of Eco-friendly Renovations Available for Your Home

Posted By Brandon Simmons on August 14, 2017

Over the past few years, more and more homeowners are investing in environmentally friendly home renovations. Not only are these upgrades good for the environment – they also have the potential to improve the value of your property and increase your home’s equity, while possibly decreasing energy consumption costs as well.

Read More


What Happens When a Reverse Mortgage Becomes Due?

Posted By Brandon Simmons on August 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,

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Video: Items Needed When Buying a Home

Posted By Brandon Simmons on August 7, 2017

When you begin the homebuying process, your mind can have a million thoughts all over the place.

Let this video sort out everything you need to focus on for buying a house.

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Five Benefits that Reverse Mortgages can Offer Seniors

Posted By Brandon Simmons on August 3, 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,

Read More


Five Questions to Ask a Prospective Realtor

Posted By Brandon Simmons on July 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,

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Don’t Forget School Districts When Home Shopping

Posted By Justin Tuttle on July 25, 2017

Everyone knows the most enjoyable part of buying a home is house hunting (we even enjoy watching other people search for their homes!). It’s fun to explore different neighborhoods and settings while planning your future.

When looking at different homes, there are many things to consider,

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Five Mistakes that Can Cause You to Lose a Home Purchase

Posted By Justin Tuttle on July 24, 2017


It’s getting hot out there, particularly in the housing market.


With bidding wars increasingly common in many locations, buying a home requires discipline and strategy—and knowledge of mistakes that cause homebuyers to miss out on homes.

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Video: Five Ways to Keep Your Mortgage Rate Low

Posted By Justin Tuttle on July 20, 2017

Many people don’t realize how much money they can save over time by securing a lower mortgage rate.

This video provides some practical tips on securing a low interest rate when applying for a mortgage.

 

Read More


Mortgage Industry Highlights – June 2017

Posted By Justin Tuttle on July 18, 2017

June was another busy month in the red-hot mortgage industry. Here are some recent articles, highlights and tips for homeowners:


Fed hikes interest rates and brightens economic outlook

The Federal Reserve raised short-term interest rates by a quarter point on Wednesday,

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Seniors: Buy a Home and Have No Mortgage Payment

Posted By Justin Tuttle on July 17, 2017

Until the last decade, if you were 62 or older and and wanted to buy a new home, your options were limited by the equity accessed from selling your home, your cash savings, and the size of any mortgage you could obtain.

But in 2009,

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Home Inspections: a Critical Part of Your Homebuying Experience

Posted By Justin Tuttle on July 13, 2017

Buying a home is one of the largest purchases you can make.

It takes most people 30 years to completely pay off their home, as around 90% of homes are purchased using 30-year mortgages.

Because of the high value of your home,

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Ready to Remodel Your Home? Consider Using a 203K Loan!

Posted By Justin Tuttle on July 11, 2017

Remodeling can dramatically improve your home’s livability, make it more attractive, and can boost your property value.  

Even if you’ve never thought of remodeling, consider the following locations in your home, and imagine whether you could improve them:

  • Kitchen
  • Master bathroom
  • Living room
  • Outdoor landscaping
  • Patio / deck

If you can think of obvious improvements to any of these locations,

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Video: Owning vs Renting

Posted By Justin Tuttle on July 10, 2017

The choice between buying a home and renting is one of the biggest financial decisions that many adults make. Each have their advantages, but what’s best for you depends on your circumstances.

If you’re thinking about buying a home, watch this video to learn some empowering benefits that could be in your future.

Read More


Six Ways to Lower Your Home’s Fire Risk

Posted By Justin Tuttle on July 6, 2017

For many homeowners and homebuyers, fires are a distant concern.

But recent data gathered by the National Fire Protection Association paints a different picture.  In 2015 alone, fire departments across the United States responded to a staggering 365,000 home structure fires,

Read More


The Facts About Home Equity Conversion Mortgages [Infographic]

Posted By Justin Tuttle on July 5, 2017

Discover the Home Equity Conversion Mortgage (HECM), a remarkable tool that can provide seniors increased financial stability.

The infographic below 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
  • How to buy a new home using a HECM and never have a mortgage payment

If you’re interested in speaking about the HECM,

Read More


VA Loans Help Military Veterans Become Homeowners

Posted By Justin Tuttle on June 29, 2017

The VA loan allows veterans, active members of the military, and surviving spouses to purchase a home with zero down payment unless required by a lender, or unless a purchase price is more than a property’s reasonable value.

In addition, VA loans don’t require private mortgage insurance (PMI).

Read More


Video: Self Employment and Mortgages

Posted By Justin Tuttle on June 27, 2017

When you’re self employed, it’s still very possible to get a mortgage, though it can be more challenging.

This video details how you can get a mortgage if you’re part of the fastest growing segment of America’s workforce (freelancers and the self-employed).

 

Read More


Why Refinance? Mortgage Rates are Historically Low

Posted By Justin Tuttle on June 26, 2017

On June 8, the 30-year fixed mortgage rate dropped to a seven month low, and averaged 3.89% for the week.

This compares to a March 2017 mortgage rate of 4.3%, and counters early year predictions of rising mortgage rates throughout 2017.

Read More


Prevent Identity Theft and Help Preserve Your Credit Score

Posted By Justin Tuttle on June 22, 2017

For homebuyers, having a good credit score is an important part of the mortgage process, and it can save you you thousands of dollars over the life of your loan.

While you can build a good credit score with a range of strategies,

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Choose Wisely When You Insulate Your Home

Posted By Justin Tuttle on June 20, 2017

For homebuyers, your mortgage payment is one of several monthly costs you’ll have to pay. Other monthly costs include your property taxes, homeowners insurance, and homeowners association (HOA) fees.

On top of these, homeowners can expect a substantial monthly power power bill. In the summer of 2017 alone,

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USA Today: Reverse Mortgages a Critical Part of Retirement Planning

Posted By Justin Tuttle on June 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.

Read More


Mortgage Industry Highlights – May 2017

Posted By Justin Tuttle on June 15, 2017

May was another busy month for the mortgage industry. Here are some recent articles, highlights, and homeowner tips:


U.S. pending home sales fall; housing market recovery intact


Contracts to buy previously owned U.S.

Read More


Five Ways to Build Home Equity Faster

Posted By Justin Tuttle on June 13, 2017

One of the biggest advantages of owning a home is building home equity.

Home equity is the current market value of a home minus its outstanding mortgage balance. In simple terms, it’s home ownership that you build by making monthly mortgage payments.

Read More


To Pool, or Not to Pool: the Pros and Cons of Buying a Home with a Pool

Posted By Justin Tuttle on June 8, 2017

Summer officially begins on June 20, and thermometers are on the rise. Some parts of the country have already experienced triple-digit temperatures.

This makes cooling down in a pool an appealing thought for many people. But what about buying a home that comes with a pool?

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How a Secured Credit Card Can Help Get Your First Mortgage

Posted By Justin Tuttle on June 6, 2017

Good credit is important if you’re planning on buying your first home; your credit rating impacts your ability to get a mortgage as well as the mortgage rate you receive.

Considering that a lower mortgage rate can save you thousands of dollars over the life of your loan,

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Blog Series: Reverse Mortgage Payouts (Term Payment)

Posted By Justin Tuttle on June 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,

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Five Reasons to Refinance Your Mortgage

Posted By Justin Tuttle on June 1, 2017

When you commit to buying a home with a mortgage, it’s usually with the plan of paying it off with monthly payments over 15 or 30 years.

During this long timeframe, your life circumstances could change, or the economy could change. When either of these occur,

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Blog Series: Reverse Mortgage Payouts (Tenure Payment)

Posted By Justin Tuttle on 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,

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How to Lower Your Summer Air Conditioning Costs While Staying Cool

Posted By Justin Tuttle on May 25, 2017

As we head towards June, summer is on our doorstep!

With weather forecasters predicting a hotter-than-average summer for much of the country, and with the average household facing a $410 monthly electricity bill,

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Why You Shouldn’t Shop for a Car Before Buying a Home

Posted By Justin Tuttle on May 24, 2017

If you’re planning on buying a home, you have an empowering journey ahead that can provide long-lasting benefits.

Whether it’s six months or a year before you buy a home, it’s important to have your finances in order. We recommend improving your credit (most importantly,

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Blog Series: Reverse Mortgage Payouts (Line of Credit)

Posted By Justin Tuttle on 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.

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Six Compelling Reasons to Buy Your First Home

Posted By Justin Tuttle on May 18, 2017

For individuals and families considering buying their first home, it can be easy to feel overwhelmed and question whether you should keep renting.

After all, buying a home commits you to years of monthly home payments (and risk) in an uncertain global economy. Owning a home also provides a long list of benefits,

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Video: Six Questions to Ask Your Realtor When You Find a Home You Love

Posted By Justin Tuttle on May 17, 2017

Your Realtor is an important part of the homebuying process, your Realtor is an important part of the process, and a valuable resource for you.  

One of the most exciting homebuying moments is discovering a home you love. When you find that house, here are six essential questions to ask your Realtor:

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Loan Comparison: How USDA Loans Measure Up to FHA Loans

Posted By Justin Tuttle on May 15, 2017

Those looking for a low to no down payment mortgage have options. From VA loans to HomeReady Loans to loans only available via the state, there are many different mortgages available for those who do not have the traditional 20% down payment.

The most common of these home loans is the FHA loan,

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Five Tips for Obtaining a Mortgage for a Rental Property

Posted By Justin Tuttle on May 11, 2017

The housing market has recovered considerably since the crash. Homes are now back in high demand, and – thanks to stricter lending practices – the likelihood of another crash in the future has been drastically reduced.

For investors, this means that now is a great time to consider purchasing a rental property.

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Mortgage Industry Highlights – April 2017

Posted By Justin Tuttle on 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,

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Study: the Five Best States to Retire

Posted By Justin Tuttle on May 2, 2017

If you’re planning your retirement or are already retired, the state you live in matters.

Because individual states have different tax laws, varying affordability levels, and a range of  benefits (and drawbacks) for retirees — where you retire will have a dramatic impact on your life.

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