Blog
16,
2019
For first-time homebuyers navigating the market, the Federal Reserve report (released this past February), can be difficult to decipher. Not only is the report full of financial jargon, it also requires a good deal of reading between the lines to understand its impact. To help explain the recent Federal Reserve report and what it might […]
11,
2019
When you’re in the process of looking for a home, everyone worries whether they’re making a good investment. The truth is, if you’re buying a home you can afford that you love, it’s worth it. Not convinced? OK, well here’s some really good news: mortgage rates are still pretty low. Wondering where your mortgage rate […]
28,
2019
Honolulu, HI—Wendy Oshiro, a reverse mortgage specialist with Open Mortgage LLC, joined an elite cadre of mortgage professionals, and only the second from Hawaii, who have achieved the status of being a Certified Reverse Mortgage Professional (CRMP). Oshiro earned the designation after she passed a rigorous exam and background check, thereby demonstrating a competency in […]
13,
2018
What’s a home buyer to do when interest rates rise? It’s a question many are considering as the market recovers from the long period of historically low rates following the financial crisis of 2008. With rates rising, buyers worry about getting a bad deal, and what that could mean for long-term financial stability. But that […]
28,
2018
Today we’re proud to highlight Loan Originator David Hail, who was recently ranked 4th out of 1,018 loan officers for second quarter production from the Texas State Affordable Housing Corporation (TSAHC). David, a Branch Manager from Garland, TX has been with Open Mortgage for over five years, and we’re proud to have him on our […]
27,
2017
Open Mortgage is committed to keeping all of our customers up to date on today’s reverse mortgage environment. Recently, The Department of Housing and Urban Development (HUD) announced changes to both the Reverse Mortgage Initial Principal Limit (“PL” – the amount you are able to borrow) and the Mortgage Insurance Premium (MIP). These changes have […]
18,
2017
June was another busy month in the red-hot mortgage industry. Here are some recent articles, highlights and tips for homeowners: Fed hikes interest rates and brightens economic outlook The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, June 14. This was the third rate hike since December. Key takeaway: the Fed […]
16,
2017
June 15th, 2017 | by Alex Spanko | HECM, News, Open Mortgage, Reverse Mortgage Back in 2015, when Open Mortgage first entered the wholesale reverse-mortgage marketplace, the Austin, Texas-based firm was mostly just doing a favor for one of its former employees. It all started when an employee-turned-broker provided a lead on an interested borrower, […]
15,
2017
May was another busy month for the mortgage industry. Here are some recent articles, highlights, and homeowner tips: U.S. pending home sales fall; housing market recovery intact Contracts to buy previously owned U.S. homes fell for a second straight month in April amid a supply squeeze. However, the housing market recovery remains supported by a […]
14,
2017
AUSTIN, Texas, June 14, 2017 /PRNewswire/ — Open Mortgage LLC, a leading provider of traditional and reverse mortgages throughout the United States, announced their expanded Wholesale Program for Traditional and Reverse (HECM) Channels. “By joining the Open Mortgage Wholesale Program, partners have access to an extensive network of loan programs, training, marketing, and loan tools. These […]
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