Blog
Mar
30,
2021
30,
2021
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
25,
2021
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
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
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
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 […]
Dec
22,
2020
22,
2020
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
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 […]
Jul
28,
2020
28,
2020
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
28,
2020
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
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 […]
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