Open Mortgage is a multi-channel mortgage lender that serves thousands of clients annually and they’re spreading the word about reverse mortgages. Reverse Mortgages are a smart, safe, and viable option for homeowners 62 and older who want to unlock their home equity in retirement. Reverse mortgages can also be used to purchase a home when downsizing and eliminate the monthly mortgage payment. | The Balancing Act
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NEW VIDEO: In this episode of Homebuyer's School, we discuss the differences between a closed and open mortgage and how to choose the right one for you. WATCH THE ENTIRE EPISODE THROUGH THE LINK IN THE COMMENTS SECTION. We explore the following: - Difference between open and closed mortgage - When should you pick open vs. closed? - The relationship to fixed vs. variable mortgages - Can you switch mortgages during a term you signed Question of the day: Which one have you used in the past and how
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