Welcome  

A Home Equity Conversion Mortgage (Reverse Mortgage) insured by FHA is an important financial option that lets homeowners age 62 and older tap into the equity they've built in their homes and receive loan proceeds they can use for a variety of needs. This mortgage has helped many seniors reach financial security and offer peace of mind. While we are not FICO driven, we still have some credit requirements. This product comes in fixed rates and variables. Borrowers will maintain homeownership and continue to be on title.

Here are some examples and reasons seniors apply for this product:

  • Fund in-home care
  • Pay for medical expenses
  • Home upgrades or repairs
  • Supplement income with monthly installments

 

* PAY only your property taxes, home owner's insurance and HOA dues
 

FHA Reverse Mortgage is a non-recourse loan, regulated and safe. Contact me to find out the truth about Reverse Mortgages. 

Sign Up To Receive My Monthly Newsletter 

* indicates required
 
 
 
 
 



Use our free Life Expectancy Set Aside (LESA) calculator to educate yourself on the amount needed to set aside funds to pay property charges, including homeowners insurance, property tax, and HOA dues. A LESA sets aside a portion of your reverse mortgage line of credit for the purpose of paying these future charges, giving you peace of mind. (Enter annual amounts.)* Legal

Property Tax
Homeowners Ins.
Flood Insurance
Your Age

Power Up Your Home’s Energy Efficiency with a Reverse Mortgage

June 21, 2018

A Home Equity Conversion Mortgage (a reverse mortgage sometimes referred to as HECM) is often considered an avenue for high-equity homeowners to supplement retirement income without selling the home. However, the flexibility of a HECM can also offer funding to make critical improvements or cost-saving upgrades to the home.

Read More

How does Age Factor Into The Benefits of a HECM?

June 14, 2018

If you or a family member is considering a Home Equity Conversion Mortgage, or HECM (also known as a reverse mortgage), you probably know that age is important; after all, FHA requires that borrowers be 62 years old to qualify.

But there are other reasons age matters,

Read More

Customers

Buying
Refinancing
Reverse Mortgage

Products

FHA Loans
203k Loans
Veterans VA Loan

Professionals

Loan Originator
Office Manager
Lending Operations

Reverse Mortgage

Stability and success are important at every stage in your life. For those exploring the benefits of reverse mortgages, we understand that your families and your security are paramount. We provide quality, dependable customer care you can trust.

Buying a home

Open Mortgage also offers HECM for Purchase (H4P), which lets seniors 62 and older combine two financial transactions — a down payment with a reverse mortgage loan — to purchase a new home.

Refinancing a home

Take advantage of a lower rate that could reduce your monthly payment or change the term of your loan. Our outstanding customer service and commitment to provide transparent communications means that Open Mortgage makes your priorities our mission.

    Videos    

We Are Open Mortgage

    More Videos