Blog

Jul 20 2017

Many people don’t realize how much money they can save over time by securing a lower mortgage rate. This video provides some practical tips on securing a low interest rate when applying for a mortgage.

Jul 18 2017

June was another busy month in the red-hot mortgage industry. Here are some recent articles, highlights and tips for homeowners: Fed hikes interest rates and brightens economic outlook The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, June 14. This was the third rate hike since December. Key takeaway: the Fed […]

Jul 17 2017

Until the last decade, if you were 62 or older and and wanted to buy a new home, your options were limited by the equity accessed from selling your home, your cash savings, and the size of any mortgage you could obtain. But in 2009, a new method for buying new homes was created by […]

Jul 13 2017

Buying a home is one of the largest purchases you can make. It takes most people 30 years to completely pay off their home, as around 90% of homes are purchased using 30-year mortgages. Because of the high value of your home, and long timeframe needed to pay it off, it’s critical to thoroughly evaluate […]

Jul 11 2017

Remodeling can dramatically improve your home’s livability, make it more attractive, and can boost your property value. Even if you’ve never thought of remodeling, consider the following locations in your home, and imagine whether you could improve them: Kitchen Master bathroom Living room Outdoor landscaping Patio / deck If you can think of obvious improvements […]

Jul 10 2017

The choice between buying a home and renting is one of the biggest financial decisions that many adults make. Each have their advantages, but what’s best for you depends on your circumstances. If you’re thinking about buying a home, watch this video to learn some empowering benefits that could be in your future.  

Jul 6 2017

For many homeowners and homebuyers, fires are a distant concern. But recent data gathered by the National Fire Protection Association paints a different picture.  In 2015 alone, fire departments across the United States responded to a staggering 365,000 home structure fires, which caused $7 billion worth of property damages. The bottom line: fires are a […]

Jul 5 2017

Discover the Home Equity Conversion Mortgage (HECM), a remarkable tool that can provide seniors increased financial stability. This infographic breaks down: How seniors 62-and-up can strategically use the $6.2 trillion of equity stored in their homes Reasons why you or a family member might consider using a HECM The HECM’s wide range of payout methods […]

Jul 3 2017

Open Mortgage’s headquarters is located in Austin, Texas — a city that’s been rated America’s top city for BBQ. Several of our team members are BBQ pitmasters outside work, and we recently held our first “BBQ Smoke Off” in Austin to taste the creations of these food wizards. Rudy Flores, Jesse Clayborn, and Erik Liberatore, […]

Jun 29 2017

The VA loan allows veterans, active members of the military, and surviving spouses to purchase a home with zero down payment unless required by a lender, or unless a purchase price is more than a property’s reasonable value. In addition, VA loans don’t require private mortgage insurance (PMI). Most traditional home loans require borrowers to […]