Blog

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 […]
Jan 28 2020
Realtor showing a house to a family
So you’ve found the perfect home and the asking price is fair. You’re just itching to utter those three special words: “We’ll take it.”  But before you prepare to sign the dotted line, are you prepared for what comes next? Here is a quick glossary of real estate financing terms to help you through the […]
Dec 19 2019
New homeowners work incredibly hard when hunting for the perfect home. Rarely do they overlook finding the best mortgage rates or lenders, and they never move forward without getting a green light from a trusted home inspector. One neglected home-buying practice, however, is taking a personal inventory of financial responsibilities. Failing to prepare financially after […]
May 23 2019
vacation home

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 […]

Feb 7 2019

Where does one begin when they start house hunting? The first step is talking to a mortgage lender before you house search so you know what you can really afford. The second is to find a real estate agent you trust to represent you as a buyer. But even with a great agent, those living […]

Jun 19 2018

It’s an exciting time in your life. You’ve worked hard, you saved up — you’re considering buying your first home. But the road between first time homebuyers and the dotted line can be full of rookie mistakes. To help you spot these pitfalls before you’re in them, here’s three things to consider when going from […]