Blog
Apr
15,
2021
15,
2021
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
16,
2021
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
19,
2021
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
5,
2021
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
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 […]
Sep
17,
2020
17,
2020
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 […]
Sep
8,
2020
8,
2020
While the act of retiring won’t directly impact your credit score, the accompanying changes to your financial habits can. Cutting back on your credit accounts and reducing your income could substantially lower your borrowing power. Even if taking on new debt is not a part of your retirement plan, unplanned expenses are not uncommon during […]
Jul
23,
2020
23,
2020
Mortgage interest rates reached record lows last month, giving many homeowners a substantial reason to pursue refinancing. However, if the current rates aren’t enough to persuade you, or other factors are holding you back, staying prepared to refinance is still a smart strategy. Most experts agree that a dramatic rise in interest rates is unlikely […]
May
5,
2020
5,
2020
Did you know: it’s becoming more common to purchase the ideal home before planning the perfect wedding? If you’ve found yourself in this scenario, having a place to move into might be comforting for your future partner—but there could also be unforeseen financial complications. When preparing to take the matrimonial leap, consider refinancing your mortgage […]
Mar
17,
2020
17,
2020
Applying for a mortgage is an in-depth process. Along the way, an underwriter will be reviewing your bank statements, tax returns and credit history to evaluate your eligibility for a long-term loan. But, even the most confident borrower can run into unexpected problems if they lack a thorough understanding of the situation. If a mortgage […]
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