Blog

Sep 22 2020
Did you know that lenders typically like to see one to two years of stable income history before you can qualify for a mortgage? In this video, our CEO and founder, Scott Gordon, discusses preparing early for your mortgage—long before you even start shopping. Some topics he discusses: Building/repairing your credit score Avoiding large credit… Continue Reading Getting an Early Start on Your Mortgage
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… Continue Reading Understanding Your Home Buying Power
Aug 27 2020
home interior
The type of home you want now might not be what you need later in life. In this video, our CEO and founder, Scott Gordon, discusses looking for a home that fits your wants now and offers the flexibility to grow with your future needs. Some of the topics he covers: Planning for children or… Continue Reading Finding a Home with Flexibility
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… Continue Reading Diving into Down Payments
Jun 23 2020
piggy bank
Buying a home is a very exciting time, but it’s also a big financial move. In this video, our CEO and founder, Scott Gordon, discusses the importance of having a healthy savings account before buying a home. Some of the topics he covers: Saving and knowing what lenders look for Preparing for unexpected home expenses… Continue Reading Saving for a Home Goes Beyond the Down Payment
Dec 3 2019

Sometimes, the first step toward a goal is the hardest. Coming up with thousands of dollars to use as a down payment on a dream home is no exception. However, if you understand the options available to you, finding a down payment strategy to make your dream of homeownership a reality could be simpler than… Continue Reading Down Payment Strategies for your Dream Home

Nov 19 2019

Retirement represents a major transition in a person’s life — one that comes with a lot of decisions. Chief among those may be the choice of where to live. While downsizing has been a common move for retirees in the past, many are now finding themselves “smart-sizing” instead.  The concept of smart-sizing is about figuring… Continue Reading Why “Smart-Sizing” is the New Downsizing

Nov 5 2019

Facing the normal pressures that accompany buying or selling a home is a tough task for most. Add in a dysfunctional relationship with your real estate agent, and the experience can go from demanding to disaster pretty quickly. Fortunately, working with a Realtor who can guide the transaction successfully is not merely a matter of… Continue Reading 3 Keys to Avoiding a Rocky Relationship with Your Realtor

Oct 17 2019

You’ve saved up your cash, found a real estate agent, and started your home search. What’s next? Here are a few tips for making a smooth transition from renter to homeowner.  Timing is key Nationwide, the average closing period on a home is about 50 days from the time you make an offer. Consider beginning… Continue Reading Making a Smooth Transition from Renter to Owner

Oct 8 2019

While buying or selling a home presents many challenges, the negotiation phase is among the most difficult to prepare for. Each side has its own priorities, and coming to an agreement can be a stressful journey.    However, a full understanding of the process, and careful consideration of the options at hand can make it simpler… Continue Reading What to Know Before You Negotiate