An Education on Reverse Mortgages for Financial Peace of Mind

Open Mortgage is a multi-channel mortgage lender that serves thousands of clients annually — and they’re spreading the word about reverse mortgages.

Retirees shouldn’t be forced to sell their homes in order to access the equity they’ve built. They should be able to tap into their equity – without adding a monthly payment – and use that money as part of their retirement savings.

That’s the purpose of a reverse mortgage. Reverse Mortgages are a smart, safe, and viable option for homeowners 62 and older who want to unlock their home equity in retirement. Reverse mortgage products are federally insured and give homeowners access to their home equity without a monthly mortgage payment, letting them remain in their homes as long as they wish.

The funds from a reverse mortgage can be used to pay for home improvements, modifications for aging in place, or to help fund your retirement lifestyle. Reverse mortgages can also be used to purchase a home when downsizing and eliminate the monthly mortgage payment.