Blog

Sep 24 2020

Reaping the rewards of fiscal responsibility takes discipline and a clear understanding of your financial goals. But even the most dedicated efforts can be derailed through no fault of your own.  Falling victim to an identity thief can result in unexpected challenges when the time comes to finance the purchase of a vehicle, open a… Continue Reading Protect Against Identity Theft

Sep 22 2020
Did you know that lenders typically like to see one to two years of stable income history before you can qualify for a mortgage? In this video, our CEO and founder, Scott Gordon, discusses preparing early for your mortgage—long before you even start shopping. Some topics he discusses: Building/repairing your credit score Avoiding large credit… Continue Reading Getting an Early Start on Your Mortgage
Sep 17 2020
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Your savings account is only one of several factors that determine how much money a mortgage lender lets you borrow. In this video, Open Mortgage CEO and founder, Scott Gordon, discusses ways to increase your buying power. Some topics he covers: Understanding debt to income ratio How your credit score can impact your interest rate… Continue Reading Understanding Your Home Buying Power
Sep 10 2020

While low-interest rates are known for attracting new homebuyers and driving up mortgage applications, they can also affect the housing market. Much like other aspects of the economy, an increase in demand can lead to a rise in prices.  Fortunately, it’s not all bad news for buyers who are still planning to take advantage of… Continue Reading Why Home Prices Go Up When Interest Rates Are Low

Sep 8 2020

While the act of retiring won’t directly impact your credit score, the accompanying changes to your financial habits can. Cutting back on your credit accounts and reducing your income could substantially lower your borrowing power.  Even if taking on new debt is not a part of your retirement plan, unplanned expenses are not uncommon during… Continue Reading Don’t Retire Your Credit Score Too

Sep 3 2020

In homes across the country, going back to school this fall will rely on virtual learning, at least for a while. It’s not an ideal scenario for most families, but embracing a proactive approach can ease some concerns.  Before this unusual school year gets underway, spend some time creating spaces in your home that eliminate… Continue Reading Make Sure Your Home is Ready for Back to School

Sep 1 2020

Longtime homeowners may be content with their home just the way it is, but home equity shouldn’t be overlooked as retirement nears. The ability to utilize tools such as a Home Equity Conversion Mortgage (HECM) or a Home Equity Line of Credit (HELOC) can be a valuable resource to support and maintain retirement plans.  While… Continue Reading Overdue Home Upgrades to Increase Equity