Blog
23
2019
One of the benefits of buying a home is the potential to see your investment in the property grow over time. An upward trend in the value of the home will certainly help, but to increase the possibility of a return on the investment, you want to begin building equity, and one potential obstacle to […]
11
2019
Saving for a down payment can be one of the biggest barriers to homeownership. Help with a down payment in the form of a gift from a family member can put you ahead of the curve, but there are a few things you should know to avoid potential pitfalls later. Cash from a relative 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 […]
7
2018
Sometimes buying a home seems like the most daunting process in the world, especially if you’re a first-time homebuyer that isn’t sure what to expect. Some may even have you thinking you have to hold off on home ownership until you’ve saved what seems like an almost impossible amount of cash, obtained a perfect credit […]
5
2018
As one of the most popular types of home mortgages, FHA loans can offer a unique and essential option, especially for first-time home buyers. Backed by the Federal Housing Administration, the loans combine less restrictive financial requirements with generous lending terms to create an attractive alternative. While many borrowers may be aware of the 3.5 […]
12
2018
A down payment can be one of the biggest obstacles to homeownership. But, it doesn’t have to be. Open Mortgage partners with our clients to identify available mortgage options with minimal or zero down payment requirements. Here are some of the ways we help borrowers achieve the dream of homeownership sooner rather than later. USDA […]
2
2018
You know exactly what you want in a house. You’ve scoped out your local market, and a couple of neighboring markets, too. You’ve kept an eye on foreclosures and auctions and done your research. There’s just one problem: nothing you’ve seen meets your expectations; the house you want doesn’t exist yet as-is. So what’s to […]
21
2018
Teachers and first responders have an enormous impact on our communities. What they consider routine can have life-changing implications for those around them. And although the financial rewards for these professionals may match their efforts, the contributions don’t go unnoticed. One way their dedication gets recognized is through unique home buying and mortgage programs. These […]
18
2018
Buying or selling a home is more than just a transaction. It involves many steps, from listing to closing, and each one can be a source of frustration, especially if either party is unclear about the purpose or unsure about what to expect. The appraisal is just one of those anxiety-inducing steps. By understanding […]
3
2017
VA loans are home mortgages designed specifically for veterans that have served a minimum of 90 days on active duty. Developed and guaranteed by the United States Department of Veteran Affairs, approved lenders can issue home loans to veterans without the stipulations of a traditional loan. Here’s everything you need to know (and more) if […]
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