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Welcome Milwaukee area Senior!.  Here you will find answers to many of the questions you may have about the subject of Reverse Mortgages. I am committed to informing Southeast Wisconsin Seniors completely about these FHA HECM (Home Equity Conversion Mortgage) loans and helping them get the answers they need on their timetable without pressure.  If you have a question you don't find an answer to here, please feel free to call me at 414-817-2521 or we can meet at your home or my Oak Creek Office for no obligation answers to all your questions.  If you would like to see actual numbers on how I can help solve your income problems, please call or you can email me at danscerpella@openmortgage.com.

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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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Prevent Identity Theft and Help Preserve Your Credit Score

June 22, 2017

For homebuyers, having a good credit score is an important part of the mortgage process, and it can save you you thousands of dollars over the life of your loan.

While you can build a good credit score with a range of strategies,

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Choose Wisely When You Insulate Your Home

June 20, 2017

For homebuyers, your mortgage payment is one of several monthly costs you’ll have to pay. Other monthly costs include your property taxes, homeowners insurance, and homeowners association (HOA) fees.

On top of these, homeowners can expect a substantial monthly power power bill. In the summer of 2017 alone,

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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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