Blog

Aug 24 2021
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A dramatic drop in interest rates led to a boom in mortgage refinances during 2020 and early 2021. While rates remain at historic lows, their stabilization will likely reduce the number of homeowners who are prompted by the news of falling rates to explore refinancing. Instead, it will be the proactive property owners who primarily […]
Aug 12 2021
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Efforts to combat the coronavirus pandemic included several protections for homeowners who lost income or otherwise struggled to pay their mortgages. Forbearance programs, stimulus payments, and unemployment enhancements were all intended to help avoid the long-term effects of a foreclosure. Unfortunately, it won’t be enough for everyone. It’s likely an uptick in foreclosures is still […]
Jul 6 2021
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It’s tough enough to keep track of one credit score, but did you know that you actually have THREE? In this video, our CEO and founder, Scott Gordon, discusses how lenders view these different credit scores and ways to improve your chances of being approved for a mortgage. Some of the topics he covers: Different […]
Jun 1 2021
A woman shopping
There are a number of bad financial habits that can derail your dreams of buying a home, but don’t worry! Open Mortgage CEO and founder Scott Gordon is here to discuss financial habits you can keep an eye on, as you plan and hunt for your home. Some of the topics he covers: The effect […]
Apr 20 2021
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When it comes to loan qualification and making a down payment, FHA loans offer home buyers many advantages over conventional mortgages. But that doesn’t mean they’re the best option for your specific situation. In this video, our CEO and founder, Scott Gordon, helps familiarize you with the cost of taking out an FHA loan. Some […]
Apr 15 2021
Person signing paper
Applying for a mortgage includes providing the lender a substantial list of documentation related to your financial situation. You’ve likely seen the long list of documentation that mortgage shoppers are expected to provide along with their application. While tax returns and W-2s from your employer offer insight into your income, the credit report they obtain […]
Feb 16 2021
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Are you ready to take control of your credit and purchase your dream home? In this video, Open Mortgage CEO and founder Scott Gordon discusses habits and actions that lead to building good credit. Some topics he covers: Always making your payments on time Paying down debt whenever possible Starting an emergency savings fund After […]
Jan 19 2021
Contemplative person
2020 was a tough year for many. In this video, Open Mortgage CEO and founder Scott Gordon discusses how to revisit last year’s personal and professional goals with renewed vigor. Some topics he covers: Keeping an open mind about how you can achieve your long-term goals Focusing on and learning from the positivity, creativity, and […]
Jan 5 2021
young couple looking to the right
Shopping for a mortgage with substantial student loan debt may seem like an exercise in futility, but it might be less of a challenge than you imagined. Between repayment plans, lender approaches and old-fashioned financial responsibility, buying a home may already be within reach.  Before writing off your ability to qualify for a mortgage, review […]
Sep 24 2020
Reaping the rewards of fiscal responsibility takes discipline and a clear understanding of your financial goals. But even the most dedicated efforts can be derailed through no fault of your own.  Falling victim to an identity thief can result in unexpected challenges when the time comes to finance the purchase of a vehicle, open a […]