Mar 30 2022
While location is often considered the most crucial factor in real estate, timing shouldn’t be overlooked. Home prices, interest rates, and inventory are all subject to seasonal trends that can be incredibly frustrating for buyers seeking their dream home. After a record-breaking 2021, and with mortgage interest rates heading higher, many shoppers are planning to […]
Mar 23 2022
Toy house
Equity gains from real estate do more than just look good on paper. In this video, our CEO and founder, Scott Gordon, discusses why rising property values offer homeowners like you plenty of opportunities — and selling is just one of them. Some of the topics he covers: Equity can be accessed as cash, or […]
Mar 16 2022
government building
As expected, the Federal Reserve announced a quarter-point increase to the federal funds rate as part of its efforts to reduce inflation. Two years ago, at the start of the coronavirus pandemic, rates were cut to near zero. This week’s decision marks the first of several anticipated increases in the coming months. Although the federal […]
Mar 9 2022
notebook with title text
It seems like a straightforward question: What’s the difference between Pre-Qualification and Pre-Approval? A little online research may even convince you that it has a simple answer. However, digging a little deeper reveals that the difference between these early steps in a mortgage search may not be as clear-cut as homebuyers would hope. Fortunately, we […]
Mar 2 2022
family on porch
First-time buyers often find the home buying experience stressful, but thankfully, the lessons learned make next-time buying go much smoother. In this video, our CEO and founder, Scott Gordon, discusses what to expect from your second go-around. Some of the topics he covers: Focusing on the features that are most important to you Double-checking your […]
Feb 23 2022
Woman sitting on couch
A Home Equity Conversion Mortgage (HECM), often called a reverse mortgage, can seem like a confusing financial tool for homeowners. Since they aren’t as familiar as traditional mortgages, and some of the rules governing them have changed over time, it’s not surprising that many myths and misconceptions exist. If you’re over the age of 62 […]
Feb 16 2022
A couple talking to a realtor
A competitive market requires meticulous timing. In this video, our CEO and founder, Scott Gordon, discusses what to know before you enter the market. Some of the topics he covers: Strong initial offers can help impress sellers Pre-qualification for your mortgage will also show you’re serious and capable of buying Using experienced lenders can help […]
Feb 9 2022
home interior
Sometimes, homeowners find that the home they once loved no longer meets their needs. It could have become too big, too small, or too far away from what’s most important. However, the emotional connection many have with their home can make it difficult to accept such a realization. In these cases, delaying the inevitable can […]
Feb 2 2022
Credit score on phone
Believe it or not, the 2022 real estate buying season is just around the corner. After a record-setting 2021 for many parts of the country, most experts agree that house prices will continue to rise and competition for homes will be strong. If you’re one of the many who hope to buy a home this […]
Feb 1 2022
News Alert
We are excited to announce that Don Fabian has joined Open Mortgage as the Vice President of Reverse Operations to help us reach “new levels of performance and results.” Don brings nearly sixteen years of industry experience having worked with a diverse range of companies, departmental structures, and teams. Having most recently spent the last […]