Blog

Aug 18 2020
woman holding a We're Open sign

Buying a home takes preparation and documentation, regardless of the circumstances. Self-employed mortgage applicants may consider the task even more daunting. However, the process remains foundationally the same, even for entrepreneurs and small business owners.  Begin your self-employed house hunt with a clear understanding of what your lender will be looking for and how your… Continue Reading Mortgage Matters for the Self Employed

Aug 13 2020

If the COVID-19 pandemic put your plans for a vacation home on hold, or you expect a second home to have an integral role in your long-term plans, the right time to buy could be near. While health and safety remain the top priority for every community, current market conditions and technology have combined to… Continue Reading Is it the Right Time to Shop for a Second Home?

Aug 11 2020
Mortgage applications can require you to provide sensitive financial information, including social security numbers, pay stubs, bank statements, and more. That’s why we at Open Mortgage take online security seriously and hope you’ll watch this video before applying for your home loan. Our CEO and founder, Scott Gordon, discusses how to protect yourself online. Some… Continue Reading Safeguarding Your Online Mortgage Search
Aug 6 2020
purple and blue storm clouds with lightning strike

Peak hurricane season is here, and homeowners in coastal towns aren’t the only ones who need to be prepared. Previous storms have proven that wind, flooding and other damage can be unpredictable and widespread.  Before you find yourself in the path of a strong storm, make sure you’re protecting your home from physical damage, and… Continue Reading Make Sure Your Home is Ready for Storm Season

Aug 4 2020
cracks on the corner of a ceiling

Most homebuyers understand that finding the right home requires a willingness to make some compromises. Minor problems can be fixed, and wishlist improvements can be planned for the future.  However, some issues may not be worth overlooking, even when the price, location or curb appeal seem perfect. Before you commit to a fixer-upper, or celebrate… Continue Reading The Red Flags Your Home Search Can’t Afford to Miss

Jul 30 2020
Older couple
Reverse mortgages have recently started to become a proactive part of a comprehensive retirement plan. They can be particularly effective for homeowners whose wealth is primarily in home equity. Watch this video if you are a new retiree who doesn’t need money now but wants the security that comes with knowing it’s available during economic… Continue Reading Reverse Mortgage Retirement
Jul 28 2020
House
As more mortgage products have become available, the standard 20% down payment is rarely required by lenders. If you’re saving up for your dream home, watch this video. Our CEO and founder, Scott Gordon, discusses some low down payment options.. Some of the topics he covers: Honestly assessing your financial ability to determine down payments… Continue Reading Diving into Down Payments
Jul 23 2020

Mortgage interest rates reached record lows last month, giving many homeowners a substantial reason to pursue refinancing. However, if the current rates aren’t enough to persuade you, or other factors are holding you back, staying prepared to refinance is still a smart strategy.  Most experts agree that a dramatic rise in interest rates is unlikely… Continue Reading Stay Ready to Refinance

Jul 21 2020
moving box with picture of a truck on the side

As most of us have found, most of the usual challenges still exist in the new normal created by the Coronavirus pandemic. For some, that means the reality of an upcoming move is quickly approaching.  Before you begin what was already a dreaded undertaking, be sure you’re prepared for the additional complications that now come… Continue Reading Moving During the COVID-19 Pandemic

Jul 16 2020
house with a fore sale sign in front

While low-interest rates and limited inventory have given sellers a decided advantage in many real estate markets, there are always exceptions. Besides, you can’t predict when unexpected circumstances might create a sudden shift in the balance of power between buyers and sellers.  Regardless of the reason, selling in a buyer’s market doesn’t have to be… Continue Reading Selling in a Buyer’s Market