Entries by Don Opeka

The Hidden Costs of Downsizing

Many people purchase who purchase a large home in their 40s or 50s have then intention of “downsizing” when they are ready to retire. That larger house is purchased because their income is typically at it’s highest during those years and many families still have growing kids living with them, so the space is needed. […]

Older Homeowners At Risk Of Falling Behind

I recently found an article describing how 918,400 older borrowers were either behind on their mortgage payments or at risk of falling behind in July, 2021. The obvious question to me is, “If CFPB can identify these borrowers, why aren’t they being screened for and offered FHA Reverse Mortgages?”. (Read the article for yourself HERE). […]

Back In The Swing Of Things!

I realize that I have not written a blog post for more than a year. The Covid-19 shutdown and writing a book have distracted me from my normal routine of writing for this blog. Now that the book, “Why a Reverse Mortgage?” is available from your favorite book seller, I intend to return to posting […]

COVID-19: What Is The Impact On Refinances and Reverse Mortgages?

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. […]

The Impact of Current Events on Reverse Mortgage Decisions

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 […]

The Risks of Indecision and Inaction

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 […]

Certified Senior Advisor (CSA)

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 […]

Why Is Credit Important?

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 […]