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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

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

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

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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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.

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