Blog

Jul 14 2020
interracial couple shaking hands with realtor

Record-low mortgage interest rates and a decline in homes for sale as homeowners continue to deal with the impacts of the COVID-19 pandemic have combined to create a strong seller’s market in many parts of the country. In fact, a recent survey revealed that 42% of homeowners who purchased during the pandemic faced a bidding… Continue Reading Buying in a Seller’s Market

Jul 9 2020

Preparations for retirement often focus primarily on savings accounts, investment portfolios and pension plans. However, one of the overlooked pieces in the planning puzzle is the retiree’s home.  In addition to being a significant element of many homeowners’ wealth, and a potential source of funds via a reverse mortgage, the ability to fulfill its primary… Continue Reading Renovating for Retirement

Jul 7 2020

The summer months are the perfect time to make sure your home offers a trouble-free respite from the heat. Thanks to the continued emphasis on avoiding crowds and the added safety of being outdoors, more homeowners are looking for ways to increase the comfort of their properties, inside and out. The bright skies and warm… Continue Reading Home Improvement Projects to Start this Summer

Jul 2 2020

An economic downturn can result in a unique opportunity for homebuyers willing to take a calculated risk. The number of foreclosed homes available on the market can grow when financial struggles are common, but investors are often ready to capitalize.  However, shoppers looking for a place of their own can also take advantage if they… Continue Reading What to Expect When Buying A Foreclosure

Jun 30 2020
fireplace
Sellers are walking away with more cash than usual due to rising home values in recent years. But selling isn’t the only way to put your home’s equity to work for you. Listen to Open Mortgage CEO and Founder Scott Gordon discuss how you can benefit from your home’s equity even if you plan on… Continue Reading Know Your Home Equity Options
Jun 25 2020
2 washing machines sitting next to wood cabinets

Kitchens, master bedrooms and outdoor spaces tend to get most of the attention from home buyers, but the biggest areas aren’t always the most important when it comes to finding the right layout. Sometimes it’s the smaller, often overlooked, parts of a home that can have the most impact on functionality.  Before you make an… Continue Reading Small Spaces with Big Impact

Jun 23 2020
piggy bank
Buying a home is a very exciting time, but it’s also a big financial move. In this video, our CEO and founder, Scott Gordon, discusses the importance of having a healthy savings account before buying a home. Some of the topics he covers: Saving and knowing what lenders look for Preparing for unexpected home expenses… Continue Reading Saving for a Home Goes Beyond the Down Payment
Jun 17 2020
People looking at each other
The coronavirus has tested the financial stability of many; that’s especially the case for those preparing for—or currently navigating—retirement. If you have a reverse mortgage, or you’re considering one, this video is for you. Here are some of the topics our CEO and founder, Scott Gordon, discusses: How reverse mortgages might act as a financial… Continue Reading Protecting Your Reverse Mortgage from the Unexpected
Jun 16 2020
elderly couple waving at family through tablet

The longer the COVID-19 pandemic continues, the more difficult it is to imagine a time when traditional retirement activities will return. But you may not have to rewrite your bucket list just yet. There are hopes of a coming vaccine, and there are plenty of social-distancing-friendly activities to pass the time while you plan for… Continue Reading Prioritizing Safety in Retirement

Jun 11 2020
laptop with Google Maps on the screen

These days, virtual home tours are on the rise as an alternative to in-person showings. But the contactless house-hunting process might leave too much to the buyer’s imagination. Here are some tips to help you get the most out of a digital shopping experience: Make Technology Your Best Friend There’s plenty to admire about touring… Continue Reading The Realities of Buying a Home Virtually