There is quite a bit of commentary being shared by industry professionals and news organizations regarding the impact of temporary COVID-19 regulations and current economic trends on the housing, mortgage and real estate industries. At Orion Mortgage, our specific expertise is on mortgages and we specialize in refinances (traditional, VA and Reverse) for Colorado homes. […]
About Don Opeka
Don and his wife Terri started Orion Mortgage in 1996. From the beginning, Orion Mortgage has been focused on customer satisfaction. The growing company was incorporated in Colorado on December 29, 1997. Our primary sources of business are repeat customers and referrals.
We strive to provide the best possible service to our clients at competitive pricing!
Entries by Don Opeka
In this time of financial uncertainty, we are seeing renewed interest in Reverse Mortgages for three primary reasons: • Concern over the rapid drop in the value of financial investments. With the stock and bond markets exhibiting high volatility and large drops in value, people who have a Reverse Mortgage line of credit can use […]
In early 2018, after living in their current home for nearly 20 years, Alan and Grace (names have been changed to protect privacy), both in their early 70s, decided it was time to look for a smaller, more affordable home. After talking to their Realtor, Alan and Grace found themselves in a quandary that is […]
As difficult as some decisions may be, putting them off may effectively eliminate your best options and leave only one course of action. Quite often that default option never would have been the first choice. It was simply the one that required the least effort. To quote Peter Drucker, “One has to make a decision […]
Guest Author: Amanda Varga Don has recently gone through the books, class time (3 days!) and the testing to become a CSA. What does that mean? CSA stands for Certified Senior Advisor. It means that he has gone through additional training to set him apart from his peers. This particular designation is not specific to […]
I often meet people who are happy that they have no open credit accounts. Being out of debt gives great freedom and is something I endorse, but it is still important to have credit available. Here’s why. I got an email on Tuesday telling me of a woman about to be discharged from a hospital […]
Many people in their 50s or 60s who do not own a home may think buying a home won’t benefit them, but it can. This is the story of one such person. Mary (not her real name) was single, age 59, and renting in 2012. Her income was about $3,000/month. In March 2013, she bought […]
People in their 40s, 50s or 60s commonly buy a “trophy house” while they are working and have a family, with the intention of “moving down” when they retire. This can work fine if the “trophy house” is paid for, along with all other debt, before the buyer stops working. If not, then the trap […]
We recommend that everyone do a mortgage loan review at least once or twice per year just as you go to the dentist for a checkup, visit a doctor and review insurance and legal documents. This review should involve more than just “What’s the rate?” It is too easy to think that a borrower got […]
I met a man whom I’ll call George at a networking event last summer. In 2013, George and his wife Kathy bought a home for $428,000 with 10% down and a $385,389 loan. In August 2016, George asked me if they could get a reverse mortgage. George is 64 and Kathy is 62. Their Situation […]