Determine your monthly mortgage payment using our free calculator. Buying a home is a milestone, and it’s one of the most significant purchases you can make. It’s important to know what your mortgage payment could be, and how much you can afford.

If you plan to make a downpayment of less than 20% of the home’s value at purchase, you will be required to purchase private mortgage insurance (PMI).* Legal

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  Welcome  

Downsizing vs. HECM: Which Is Right For You?

April 19, 2018

Senior homeowners face many decisions as they near retirement and begin planning for the future. While a secure income stream may be awaiting some, the reality for many will be crucial conversations about meeting financial goals and maintaining a lifestyle they can enjoy.

These discussions will likely begin with a fundamental question: Where will you live when you retire?

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Getting The Most Out Of Your Outdoor Space

April 18, 2018

With the days getting longer and warmer weather settling in, moving downtime from the living room to the backyard is a familiar ambition. However, if your outdoor space lacks the functionality and comfort of your couch, it could be time to make a change.

Find The Funds

While there are lots of affordable ways to spruce up your yard or patio,

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What’s Your (Home) Type?

April 16, 2018

Buying a home is a major milestone in most people’s lives. Everyone has different reasons for taking the plunge, and the reason behind the purchase can help guide you toward the type of home you want to buy. First time homeowners may want to move from leasing an apartment to owning a townhouse,

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Should You Use a Tax Refund to Pay Down Your Principal? It Depends

April 12, 2018

It’s a time of the year many Americans dread: tax season. While preparing taxes can be painful work, almost 80% of those in the U.S. will get a refund, with an average of about $2800 over the past few years. But if you find yourself with a nice chunk of change after filing taxes,

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Building a Garden to Age With You

April 11, 2018

As homeowners grow older and retire, they look forward to a new chapter in their lives. They plan to travel more, spend time with grandkids, and read all the bestsellers, with plenty of time to putter around their home gardens. But all home gardens are not created equally; homeowners that don’t want to pay for help can keep costs low by creating a garden that stays easy to maintain throughout their golden years,

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First Time Homeowners and the Homestead Tax Exemption

April 9, 2018

Those who go from renters to buyers will encounter a new kind of tax as a homeowner: property taxes. Location determines if, and how much a homeowner can potentially save through a homestead tax exemption, and while your mind is focused on taxes (albeit a different type of taxes),

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Homeowner Responsibilities and HECM: A Brief Guide

April 4, 2018

As you prepare for retirement, and start considering a reverse mortgage, also known as Home Equity Conversion Mortgage (HECM), there are some important things to remember.

While all HECM loans require a third-party counseling session with a government-approved housing counselor,

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Which Mortgage is Right For Remodelers? Consider a 203k Loan!

April 2, 2018

You know exactly what you want in a house. You’ve scoped out your local market, and a couple of neighboring markets, too. You’ve kept an eye on foreclosures and auctions and done your research. There’s just one problem: nothing you’ve seen meets your expectations; the house you want doesn’t exist yet as-is.

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Spring Cleaning, Budget Edition: Flourishing on a Fixed Income

March 29, 2018

Everyone looks forward to their retirement, but experiencing an income adjustment isn’t easy. This becomes especially true as homeowners and their houses age together. Retirees may find that at a certain point their homes need minor repairs or upgrades they aren’t able or willing to fix themselves. For those living on a fixed income,

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Finding the Right First Home with the Right Mortgage

March 28, 2018

If you are a first time home-buyer dipping your toes in the waters of home mortgages, it can sometimes feel like you’re drowning in information. You’ll probably find yourself turning to the internet to Google: How much mortgage can I afford? This will give you many links to online calculators,

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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.
 

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