Blog

Sep 16 2021
Chesboard
While seasonal trends are slowing the pace, home prices continue to rise in many markets. Fortunately, there are ways to minimize the costs of homeownership, especially for first-time buyers with flexibility. If you’re interested in making the jump from being a renter to a buyer but don’t have the budget for your dream home, innovative […]
Sep 16 2021
News Alert
Open Mortgage, a national multi-channel mortgage lender dedicated to empowering the dream of homeownership, was honored as a finalist of the 2021 ‘Growth & Spotlight Awards’ in the over $100 million gross revenue category by The Association of Corporate Growth’s (ACG) Austin and San Antonio chapter. The annual program recognizes the market-leading companies that make […]
Sep 14 2021
Title over image of two people
You’ve probably heard about the many benefits of reverse mortgages, but aren’t sure when the best time to apply might be. In this video, our CEO and founder, Scott Gordon, discusses several personal and financial circumstances that can help determine when including: At what age do you become eligible for a reverse mortgage How much […]
Sep 9 2021
Two people sitting on floor
A seller’s market has emerged in many areas around the country, but the rising costs aren’t impacting only homebuyers. The rental market has also gotten more expensive. And although renting can limit some housing expenses like taxes and maintenance, those savings can cost you in ways you may not have considered. 1. Competition Bidding wars […]
Sep 7 2021
News Alert
Open Mortgage, a national multi-channel mortgage lender dedicated to empowering the dream of homeownership, has been recognized as one of the top private companies in central Texas by the Austin Business Journal, ranking No. 18 on the publication’s annual list by gross revenue. The identified top privately-held companies represent some of the region’s most successful […]
Sep 2 2021
Two people looking at a tablet
Although many homeowners over 62 opt for a Home Equity Conversion Mortgage (HECM) to eliminate their monthly mortgage payments, they may still face financial struggles. Unexpected events, such as the COVID-19 pandemic and its impact, can derail even the best plans. Fortunately, relief legislation and guidance from the Federal Housing Authority (FHA) and the Department […]
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
Clipboard
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 […]