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OVM NEWS & RESOURCES

Home Buying in a Virtual World

We’re all about meeting our clients in-person, but it’s not always an option, and flexibility is essential. If you’re on deployment, moving across the country, or unable to meet in person your loan journey doesn’t have to be put on hold. That’s right, technology is changing industry standards and making it easier than ever for home buyers to...

June 30, 2020 Read More

Your Guide To Buying A Home That’s For Sale By The Owner

If you’re in the market for a new home, you may have come across a For Sale By Owner (FSBO) home. You might also be wondering what goes into the process of buying a home for sale by owner. By definition, a FSBO is a home listed for sale without representation of a realtor or broker on the selling...

June 30, 2020 Read More

Your Guide To Purchasing A Foreclosed Home

If you’ve been browsing home buying sites like Zillow or have been making your rounds at open houses, you may have come across listings for foreclosed homes. Buying a foreclosed home means buying a property in which the previous owner defaulted on their mortgage payments. Because the property is collateral for the loan, the lender has the authority...

June 30, 2020 Read More

Which Home Type Is Right For You? Explore Your Options.

When people think of buying a home, they often picture a single-family, detached house. But there are actually many different types of homes you can buy including apartments, condos, townhouses, and manufactured homes. If you aren’t sure which type of home is best for your situation, here’s a quick guide that covers the various home type options and...

June 30, 2020 Read More

What is PMI (Private Mortgage Insurance)?

If you recently looked at homes or have inquired about the homebuying process, you’ve likely heard the term Private Mortgage Insurance, or PMI. But, what is PMI on a mortgage and how does PMI work? For starters, PMI is a type of insurance that protects the lender if a borrower cannot provide a 20% down payment on a...

June 18, 2020 Read More

How To Qualify For A Mortgage With Commission-Based Income

If you receive commission income, you can use it to qualify for a mortgage as long as the proper documentation is shared with your loan officer to verify the income. Before you begin your mortgage application, be sure to gather: Two years worth of W-2s from your employer Your most recent pay stub One commission check from your...

June 18, 2020 Read More

8 Simple Tips To Help Speed Up The Mortgage Process

The home buying journey is a long one, and every home buyer searches for ways to speed up the mortgage process. If your goal is to get to the closing table in record time, you’re in the right place. Here are a few tricks that you can apply to streamline your mortgage experience like a pro. 1) Save...

June 10, 2020 Read More

Your Guide To Home Buying During COVID-19

While the world continues to navigate the challenges presented by COVID-19, the health and safety of our clients and team members is our top priority. We are working remotely to ensure that every client receives an exceptional mortgage experience from start to finish. If you were planning to purchase a home this year or if you are in...

April 3, 2020 Read More

Home Inspection 101: What To Know Before Your Home Inspection

You’ve found your perfect home and put in an offer. Before closing, though, you have to get a home inspection to make sure your potential new home is safe for you and your family. But what do they look for during a home inspection? We’re going to break down all of the need-to-knows about a home inspection to...

March 27, 2020 Read More

What Are Closing Costs and What Do They Cover?

When it comes to home buying and finances, there are two main upfront costs to think about— the down payment and closing costs. In this blog, we’ll be talking all things closing costs; particularly what they are and how you can prepare for them ahead of time. So, what are closing costs? The term “closing costs” encompasses all...

March 5, 2020 Read More

New Construction Homes: Should I Buy or Build?

If you’re in the market for new construction, you may be debating between buying or building your home. Buying a move-in-ready abode can allow a buyer to become an owner quicker, but lacks the complete customization that comes with building your own home. Knowing which option is better is entirely up to your situation. Let’s take a look...

June 8, 2020 Read More

The Difference Between a Mortgage Lender and Mortgage Servicer

When most people think about the mortgage industry, they imagine a lender that navigates a potential buyer through the home financing process. Most buyers assume that the mortgage lender will manage their loan after the home buying process is complete, but there’s another essential party that handles the day to day management of your loan. That party is...

May 11, 2020 Read More

How To Choose The Right Home Builder

If the words “modern,” “custom,” and “move-in ready” appear on your wish list, you might be the ideal client for a new construction home. Whether you buy a pre-built new construction home or design something custom from the ground up, there are a ton of preferred perks that come with owning a newly built home. When your new...

May 11, 2020 Read More

Should I Pay Off My Mortgage Early?

Every homeowner anticipates the day when their mortgage balance hits zero, and they are in full ownership of their home. Just the thought of eliminating the burden of a monthly mortgage payment is enough to encourage any borrower to pay off their mortgage ahead of schedule. If you are planning to make extra payments in hopes of paying...

May 4, 2020 Read More

10 Recommendations for a Smooth PCS Move

Whether it’s your first military relocation or your fifth, moving can be stressful. There’s lots of planning, paperwork, and packing to take care of in a short period of time. But with the right organization strategies, you can stay on top of everything you need to do and pull off your move like a pro. To help make...

May 4, 2020 Read More

The VHDA Mortgage Credit Certificate Helps First-Time Buyers

While you may be familiar with the tax benefits that result from homeownership, a lesser-known but significant benefit for first-time homebuyers is the Mortgage Credit Certificate (MCC). A Mortgage Credit Certificate is a document that directly converts a portion of the mortgage interest paid by the borrower into a non-refundable tax credit. It is not an itemized deduction,...

May 4, 2020 Read More

15-year vs. 30-year Mortgage: Determine Which Option Is Best For You

Whether you’re a first-time homebuyer, a veteran setting down roots, or a growing family looking for more space, choosing the right mortgage is essential. First, you’ll have to decide which loan term is better for you — 30 years or 15 years. Thirty-year mortgages have lower monthly payments, but cost more in the long run. Fifteen-year loans allow...

April 21, 2020 Read More

8 Reasons To Hire Real Estate Agent When Buying A Home

While it can be appealing to conduct the home buying process on your own, you may want to hire a real estate agent to help you land your dream home. Here are a few reasons why we typically recommend that our buyers hire an agent before they begin shopping for a home. Why Should I Hire a A...

April 15, 2020 Read More

What Is a Down Payment, and How Much Do I Need?

When thinking about buying a home, many prospective homeowners wonder how much they will need for a down payment, and if a home purchase is in their budget. Here are some of the most frequently asked questions we receive from buyers regarding down payments and our answers for each. What is a down payment? A down payment is...

April 13, 2020 Read More

5 Ways To Add Curb Appeal To Your Home

Imagine a home with a perfectly lush landscape, welcoming entryway, and sleek exterior features. Doesn’t that mental picture make you want to step inside to see more? Adding a little curb appeal can go a long way to help charm potential buyers. In fact, 94% of realtors recommend that sellers improve their curb appeal before listing their homes,...

April 9, 2020 Read More

Home Buyer Resources

Home Buying in a Virtual World

We’re all about meeting our clients in-person, but it’s not always an option, and flexibility is essential. If you’re on deployment, moving across the country,...

June 30, 2020 Read More

Your Guide To Buying A Home That’s For Sale By...

If you’re in the market for a new home, you may have come across a For Sale By Owner (FSBO) home. You might also be...

June 30, 2020 Read More

Your Guide To Purchasing A Foreclosed Home

If you’ve been browsing home buying sites like Zillow or have been making your rounds at open houses, you may have come across listings for...

June 30, 2020 Read More

all Home Buyer Resources

Mortgage Industry News

Buying or Refinancing After Mortgage Forbearance: FHFA Updates

Fannie Mae and Freddie Mac have introduced two new policy changes that will positively impact homeowners in need of financial relief during COVID-19. If you...

May 26, 2020 Read More

Your Guide To Mortgage Forbearance During COVID-19

If you’ve been following the latest coronavirus news coverage, you might have heard that the CARES Act stimulus package is requiring mortgage servicers to allow...

April 24, 2020 Read More

Your Guide To Home Buying During COVID-19

While the world continues to navigate the challenges presented by COVID-19, the health and safety of our clients and team members is our top priority....

April 3, 2020 Read More

all Mortgage Industry News

OVM News

Matt Beckwith Interview With Jay Hughes of PressOn

OVM Financial’s Executive Vice President, and Scotsman Guide Top Producer, Matt Beckwith sat down with Mortgage and Real Estate Business Coach, Jay Hughes to divulge...

April 8, 2020 Read More

Connor McNulty and Team Join OVM Financial!

Please join OVM Financial in welcoming another fantastic addition to the OVM Family! Connor McNulty and his team set the gold standard for excellent service ...

February 12, 2020 Read More

OVM’s Legum Legacy Inaugural Golf Tournament Sponsorship Opportunities!

The first-ever OVM’s Legum Legacy Golf Tournament will be benefiting Children’s Hospital of the King’s Daughters, a charity that had such a positive and personal...

January 13, 2020 Read More

all OVM News

Real Estate Agent Hub

How To Prepare Your Home For Real Estate Photography

Take a look around your home. Would you say that it is “camera-ready?” Unless you have a knack for interior design and superb cleaning and...

May 11, 2020 Read More

8 Reasons To Hire Real Estate Agent When Buying A...

While it can be appealing to conduct the home buying process on your own, you may want to hire a real estate agent to help...

April 15, 2020 Read More

How to Deal With a Short Appraisal

Everything is going well on your purchase, but then the appraisal comes in short of the sales price. The first reaction to a short appraisal...

November 4, 2019 Read More

all Real Estate Agent Hub