Blog
9,
2017
These days, saving money has become harder than ever. With wages stagnating, and expenses on the rise, not many first time home buyers have enough saved to make a 20% down payment. Even those that do may not have enough left over to feel comfortable in their home should anything go wrong. Lenders understand this. […]
27,
2017
It’s easy to feel like home buying may not be possible based on your income. Homes are expensive, and it’s not uncommon to hear horror stories about how difficult it is to qualify for a loan, how often borrowers took out loans that were more than they can handle, and more. What you may not […]
18,
2017
If you recently bought your first home (or are planning on it), you have much to look forward to. It’s also important to protect your property. New homeowners are especially vulnerable to security risks as you’re likely new to your neighborhood and just beginning to understand your home. Here are six ways for new homeowners […]
23,
2017
FHA loans are one of the most common types of mortgages, especially for first time home buyers, and those without enough money available for a down payment. Backed and insured by the Federal Housing Administration, these loans allow borrowers to buy a home with a lower down payment and generous terms. FHA loans are some […]
20,
2017
If you’re thinking about buying your first home, you have much to look forward to. In addition to being an excellent investment, owning a home provides you with stability, comfort, and privacy. While many US housing markets are increasingly unaffordable for first-time homebuyers, there are exceptions, and Bankrate recently ranked the top five most affordable […]
7,
2017
6,
2016
Buying your first home is one of your biggest life decisions, and it’s important to be prepared. Here are some things you can do to get ready: Make sure you have good credit To secure a low interest rate on your first mortgage, you’re going to need good credit. This means you should always pay […]
21,
2016
Thinking about buying your first home? Congratulations! Open Mortgage can work with you every step of this empowering and life-changing process. If you’re like most people, you’ll need a mortgage to purchase your first home. A mortgage is a loan from a bank or mortgage lender that helps you finance your home purchase. But before […]
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