Aug 31 2021
Scared couple
It’s a seller’s market in much of the country, which means competition is fierce, and prices are likely to be on the rise. Yet, these factors don’t necessarily make it a bad time to be a buyer. A natural reaction to the current real estate trends might be to sit on the sidelines for another […]
Aug 26 2021
Two people in background
Real estate agents are a critical part of the home buying and selling process. In this video, our CEO and founder, Scott Gordon, discusses how to find a good realtor so you can close the deal of your dreams. Some of the topics he covers: Don’t settle for convenient options (AKA the friend or relative […]
Aug 24 2021
A dramatic drop in interest rates led to a boom in mortgage refinances during 2020 and early 2021. While rates remain at historic lows, their stabilization will likely reduce the number of homeowners who are prompted by the news of falling rates to explore refinancing. Instead, it will be the proactive property owners who primarily […]
Aug 19 2021
Terminated Stamp
Disturbing stories of canceled home-building contracts are surfacing in Texas, Florida, Utah, and other states. As demand increases and the cost of lumber and other building materials rise, some developers invoke a clause in sales contracts with a devastating impact. It’s not unusual for purchase contracts to include some protections against cost overruns for the […]
Aug 17 2021
House in background
Square footage is often one of the first features we evaluate about a home, but a higher number doesn’t always mean a more valuable home. In this video, our CEO and founder, Scott Gordon, discusses what you should keep in mind as you search for your next home. Some of the topics he covers: Price […]
Aug 12 2021
Paperwork on desk
Efforts to combat the coronavirus pandemic included several protections for homeowners who lost income or otherwise struggled to pay their mortgages. Forbearance programs, stimulus payments, and unemployment enhancements were all intended to help avoid the long-term effects of a foreclosure. Unfortunately, it won’t be enough for everyone. It’s likely an uptick in foreclosures is still […]
Aug 10 2021
two people with blue overlay and the title
A red-hot real estate market is giving many homeowners a big bump in equity. In this video, our CEO and founder, Scott Gordon, explores a few ways to cash in on years of hard work and currently rising equity. Some of the topics he covers: Home Equity Lines of Credit and Refinancing Home Equity Conversion […]
Aug 5 2021
News Alert
Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, welcomes Windi Gerber as Senior Vice President of Human Resources. In this position, Gerber will be an integral member of the senior leadership team and will be accountable for the people operations of Open Mortgage, managing all aspects of the employee life […]
Aug 5 2021
hand holding small yellow house
A Home Equity Conversion Mortgage (HECM) offers an avenue to borrow a portion of your home’s value and defer repayment of the loan as long as the property remains your primary residence. It’s a flexible option for homeowners who own their home free and clear. Under certain circumstances, it can also be worth pursuing if […]
Aug 3 2021
Title over tech home background
Homeowner’s insurance is required for your mortgage, but it’s not the only way to protect your home. In this video, our CEO and founder Scott Gordon discusses flood insurance, warranties, home security, and other protective measures to explore. Some of the topics he covers: Considering flood insurance whether it’s mandatory in your neighborhood or not […]