Blog

Sep 29 2020
House
Knowing the basics might help you choose between the FHA loan or conventional mortgage that you’re considering. In this video, our CEO and founder, Scott Gordon, covers the following topics: Picking your loan based on having a less-than-ideal credit score Looking for loan options that provide better interest rates Loan requirements like private mortgage insurance
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
Aug 25 2020
Owning a home comes with more financial responsibilities than just your monthly mortgage payments. In this video, our CEO and founder, Scott Gordon, discusses important expenses that come with buying a home. Some of the topics he covers: Unexpected maintenance issues Property tax and insurance requirements Working with your lender to find the best solutions… Continue Reading Homeowner Responsibilities
Aug 20 2020
Foreclosure Sign
Foreclosures are one of the worst experiences a homeowner can have. In this video, our CEO and founder, Scott Gordon, discusses ways to be a responsible homeowner and increase your chances of avoiding foreclosure. Some of the topics he covers: Forbearance as a helpful tool during temporary financial hardship Contacting your lender immediately if you… Continue Reading Three Ways to Avoid a Foreclosure
Aug 11 2020
Mortgage applications can require you to provide sensitive financial information, including social security numbers, pay stubs, bank statements, and more. That’s why we at Open Mortgage take online security seriously and hope you’ll watch this video before applying for your home loan. Our CEO and founder, Scott Gordon, discusses how to protect yourself online. Some… Continue Reading Safeguarding Your Online Mortgage Search
Jul 30 2020
Older couple
Reverse mortgages have recently started to become a proactive part of a comprehensive retirement plan. They can be particularly effective for homeowners whose wealth is primarily in home equity. Watch this video if you are a new retiree who doesn’t need money now but wants the security that comes with knowing it’s available during economic… Continue Reading Reverse Mortgage Retirement
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 30 2020
fireplace
Sellers are walking away with more cash than usual due to rising home values in recent years. But selling isn’t the only way to put your home’s equity to work for you. Listen to Open Mortgage CEO and Founder Scott Gordon discuss how you can benefit from your home’s equity even if you plan on… Continue Reading Know Your Home Equity Options