Blog

Apr 6 2021
people looking at laptops
Shopping for a mortgage and a home can be an overwhelming experience for many people. In each case, there are many options to consider and lots of terms that you may not have encountered before. These circumstances can make it easy to overlook details while you try to focus on the bigger picture. During the […]
Mar 30 2021
Title with image of Scott Gordon
Some of the terminology that comes up during the homebuying process can be overwhelming, especially the acronyms…there are so many acronyms. In this video, our CEO and founder Scott Gordon defines APR, ARM, DTI, FHA, and PMI to help you better understand what your lender is talking about.
Mar 25 2021
Person with paperwork
For some, technology has made it easier (and safer during the pandemic) to buy and sell homes. In this video, our CEO and founder Scott Gordon discusses whether iBuying might be the right route for you. Some of the topics he covers: iBuying is very convenient for sellers, but it’s likely to come at a […]
Jan 14 2021
Deciding what to prioritize in your home search can be a difficult task. Shoppers can sometimes be swayed by a fresh coat of paint or shiny, new appliances when less obvious features are likely to have a bigger impact on their enjoyment of the property.  If you’re considering buying a home soon, don’t forget to […]
Jan 12 2021
Some home features may seem like a dream before moving in, but when reality sets in, they could end in regret. Much like a careful home inspection can help you avoid unwanted surprises, a closer look at some in-demand amenities might reveal some decisive disadvantages.  Before you start a home search, take the time to […]
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 […]
Dec 22 2020
two men shaking hands
Shopping for a home can be an exciting time, but it’s important to figure out exactly what you want and what you can afford before starting that search. In this video, Open Mortgage CEO and founder Scott Gordon discusses the most critical first steps of any home search: planning and prioritizing. Some topics he covers: […]
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 […]
Jul 28 2020
House
As more mortgage products have become available, the standard 20% down payment is rarely required by lenders. If you’re saving up for your dream home, watch this video. Our CEO and founder, Scott Gordon, discusses some low down payment options.. Some of the topics he covers: Honestly assessing your financial ability to determine down payments […]
May 23 2019

For most people, a lot of brainpower goes into buying a home—especially if it’s your first. So it’s tempting to go in search of an easy, clear-cut “rule of thumb” that tells you what you can afford, like a price-to-income guideline. This may have worked in the past (when many assumed you could afford a […]