Blog

Apr 20 2021
People looking at paperwork
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
Title over colored background
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 17 2020
home interior
Your savings account is only one of several factors that determine how much money a mortgage lender lets you borrow. In this video, Open Mortgage CEO and founder, Scott Gordon, discusses ways to increase your buying power. Some topics he covers: Understanding debt to income ratio How your credit score can impact your interest rate […]
May 21 2019

A credit score doesn’t tell a lender everything about a person’s finances, but it does help paint a picture to determine if you’re a safe credit risk. And, as we’ve written before, your credit rating impacts both your ability to get a mortgage and the mortgage rate offered. If you’re a first time home buyer, […]

Mar 14 2018

Getting back into the home buying market after a foreclosure is daunting, but not as uncommon as you might think. The housing crisis a decade ago left millions of homeowners in foreclosure, but many have already overcome the higher hurdles of buying their next home. If you have a foreclosure in your past, it’s important […]

Feb 6 2018

A credit score shouldn’t be taken lightly (it’s a necessary and important part of your financial life, after all!), but it doesn’t have to be scary, either. Credit scores will ebb and flow based on lots of factors, but here’s the most important thing: getting your score into optimal range IS achievable, especially with the […]

Jan 25 2018

Buying a home is a huge decision. There are lots of questions to ask and pros and cons to weigh before you ever commit to making an offer. But, it’s the financial decisions you made before you started shopping—and the story they tell about you—that could prove to be just as critical. Obtain a copy […]