If you or a family member are considering a reverse mortgage, it’s important to research them beforehand.

Websites such as the Federal Trade Commission provide excellent and credible information on reverse mortgages, and are a great place to start your research. To help you continue your research, here are four more well-written articles on reverse mortgages:

Is a HELOC Better Than a HECM?
Confused between reverse mortgages (also known as Home Equity Conversion Mortgages, or HECM for short) and Home Equity Line of Credits (HELOCs)?  Esteemed Wharton School Professor Jack Guttentag compares them in this insightful article. Dr Guttentag concludes that reverse mortgages are the better choice for consumers in most circumstances.

Reverse Mortgage or Home Equity Loan?
Investopedia provides a detailed comparison between lump-sum home equity loans, HELOCs, and reverse mortgages. You’ll learn about payment information as well as age and equity requirements. If you’re just beginning to research reverse mortgages, this article is a good place to start.  

Retirement Planning: Understanding Lifetime Annuities And Reverse Mortgages
While from 2011, this article compares reverse mortgages to several commonly misunderstood retirement options, including annuities and longevity insurance.

Planning For A Comfortable Future At 62: How Does Expected Life Span Enter The Picture?
Professor Jack Guttentag examines whether the expected life span of retirees should impact their retirement. He explains how reverse mortgages are flexible and can be adapted to a wide variety of financial needs.

If you’re considering a reverse mortgages, take time to research them

We hope these articles help you better understand the the diversity of strategies and options behind reverse mortgages. We will continue to provide more information on ways a reverse mortgage could benefit you in this blog.

If you have specific question on reverse mortgages, or would would like to get started applying, contact me today!

Buying a home

Every home is a milestone. Every mortgage is a cornerstone. Whether you're buying a new home, remodeling or ready to refinance, we understand that a loan is more than a tool to achieve your dreams -- it's a belief in you and the importance of your goals.

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.

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.