Blog
Apr
15,
2022
15,
2022
Open Mortgage is excited to announce the release of the Open Power Play. Open Power Play is a new upfront underwriting program we designed to put power back into clients’ hands when bidding wars and low inventory leave many house hunters feeling like finding and purchasing a new home is out of reach. Open Power […]
Apr
13,
2022
13,
2022
Navigating the transition to becoming an adult child and your concerns about the well-being of an aging parent can be difficult. However, healthcare, safety, and financial security are all areas where a candid conversation can make both parties more comfortable. And for each of those areas, there’s one financial tool that can support your parents’ […]
Apr
11,
2022
11,
2022
Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, has appointed Andrea Easter to the newly-created position of Chief Compliance Officer (CCO). As the head of the Compliance department, she will manage all risk-related functions within the company, including overseeing the development and implementation of policies and procedures regarding state and […]
Apr
6,
2022
6,
2022
The number of real estate listings hitting the market is increasing, and competition for homes is heating up as the industry approaches its spring and early summer peak. If 2022 is anything like the previous year, many buyers should be prepared for houses that sell quickly and at a premium price. However, there are some […]
Mar
30,
2022
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
23,
2022
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
16,
2022
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
9,
2022
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
2,
2022
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
23,
2022
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 […]
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