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OVM NEWS & RESOURCES

How to Avoid a Home Renovation Money Pit

Many homebuyers purchase fixer-uppers as a way to save money. However, when all is said and done, some find out that they weren’t exactly a bargain after all. While many older homes have good bones and only need cosmetic work, others have costly structural problems hidden under the surface that can blow your renovation budget. Want to avoid the...

July 22, 2021 Read More

Is Buying a Home Still a Good Investment in 2021?

With housing inventory still at historic lows and the average median home sales price reaching a record high in May of just over $350,000 for all home types, you may be wondering if buying a home in this over-the-top market is still a good investment. An array of factors has pushed the housing market to this point, including...

July 21, 2021 Read More

How To Find and Purchase Land to Build a Home

In the current housing market with its inventory shortages and escalating sales prices, you may find your dream home now costs more than your budget allows. In fact, you might find it less expensive to build your home. While it may seem overwhelming to find a place to build, secure a reliable (and available) contractor, and make a...

July 21, 2021 Read More

Gardening Trends in 2021 and How to Achieve Them

Many popular trends have come out of 2020, from baking bread to arts and crafts; one that stands out is gardening. With many stuck at home and unable to go to their favorite restaurants and stores, people turned to the great outdoors. Backyards got transformed into outdoor living spaces, new gardens emerged, and even urban city dwellers looked to...

July 21, 2021 Read More

27 Useful Items for Homeowners to Have in Their Tool Shed/Garage

Every homeowner knows there are a million little tasks and do-it-yourself projects that pop up over time. Investing in quality tools and supplies will help you keep up with those simple home repairs and renovations on your to-do list, potentially saving a lot of time and money. Storage and organization tools As you build your tool supply, you need a place to store everything....

July 21, 2021 Read More

18 Backyard/Patio Items That Will Make Your Summer Unforgettable

Summer is upon us, which means more time spent outdoors! Whether you’re planning to relax with family outside or throw lots of backyard barbecues, here are all the patio items you need to make this summer unforgettable. 1. Portable Pizza Oven No one wants to spend a nice summer evening in a hot kitchen. Enjoy a fresh stone-baked pizza...

July 20, 2021 Read More

Ginnie Mae Announces a 40-Year Mortgage Option

What is Ginnie Mae’s 40-year mortgage term? If you’ve been researching your loan options, you may have heard the news that Ginnie Mae is launching a 40-year mortgage. What does that mean for homeowners and home buyers? Let’s explore. Ginnie Mae’s 40-year mortgage is a loan term extension available to borrowers who are experiencing financial hardship. The agency offered...

July 20, 2021 Read More

4 Actions That Will Make Your Credit Score Drop and How to Fix Them

So you’re getting ready to buy your first house or maybe upgrading to a larger one to accommodate your growing family. First things first: check on that credit score. Not looking as good as you thought it would? There are a variety of things that can cause an unexpected drop in your credit score. The good news is...

June 30, 2021 Read More

2021 FHA Student Loan Guidelines Help More Qualify for a Mortgage

2021 FHA Loan Guideline Update As of June 2021, FHA updated its guidelines for student loans in deferment or income-based repayment (IBR). The change will give more borrowers with student loan debt the opportunity to qualify for an FHA loan.  Before the change: We were required to use 1% of the loan balance to determine a borrower’s monthly...

June 26, 2021 Read More

How To Estimate Utility Costs for Your Home

So you’ve started shopping for a new home. Maybe you’re upgrading from an apartment to that very first single-family residence, or perhaps you’re looking to buy a larger home. While the monthly cost of that mortgage payment is certainly your biggest financial concern when preparing to buy a house, don’t overlook the other expenses that come with homeownership, one...

June 22, 2021 Read More

How To Use an FHA Loan To Purchase a Second Home

While you may think Federal Housing Administration (FHA) loans are only for first-time homebuyers, think again. While first-time buyers do indeed make up the majority of FHA borrowers (since FHA loans typically allow for low down payments and accommodate lower credit scores), 17 percent of FHA loans actually go to borrowers who have already owned a home. Should...

July 28, 2021 Read More

Still Renting in 2021? 5 Reasons Why You Should Buy a Home, Now.

So you’re thinking about buying a house? Maybe you’ve been renting an apartment since grad school and are ready for a little more space and a yard, or perhaps you’ve moved permanently to a remote work situation and are now dreaming seriously about that house in the country with a vegetable garden and lots of space for your...

March 26, 2021 Read More

The Homeowner’s Guide to Indoor Entertainment

When the global pandemic hit in March 2020 and the world effectively shut down, we all quickly found creative ways to keep ourselves entertained at home. Even mindlessly scrolling social media for hours and bingeing Netflix shows gets old after a while. Whether you’re in the middle of a COVID-style shutdown or you’re just stuck inside due to...

March 19, 2021 Read More

5 Good Luck Charms for Your Household

When you move into a new home, it’s a chance for a fresh start. So how can you make sure you start off on the right foot? With St. Patrick’s day right around the corner, good luck is top of mind. In that spirit, here’s a quick guide to 5 ways you can bring good fortune into your...

March 17, 2021 Read More

If I’m Planning to Relocate, Should I Buy a Home?

Life can be unpredictable sometimes, which can impact your home buying plans. While plenty of people find a forever home in a great location and decide to stay there for decades, others consider relocation. Relocation is a lot more common than you might think. According to a study from Harvard, about 13% of Americans move each year. Most...

February 25, 2021 Read More

Is Multigenerational Living Right for Your Family?

Multigenerational living has been on the rise since 1980. Even before the 2020 COVID-19 pandemic, the United States saw a record number of multigenerational households with around 64 million Americans (that’s one in five Americans) living the multigenerational lifestyle. But what exactly defines multigenerational living? And is it the right choice for you and your family? What is Multigenerational...

February 18, 2021 Read More

What Do Home Buyers Have the Right to Know?

Home buyers legally have the right to know important details about the mortgage loan process and the home they plan to purchase. These important details are often collectively referred to as the “buyers’ right to know.” The Buyers’ Right to Know Mortgage Loan Information The mortgage industry is heavily regulated, particularly since the collapse of the housing market in...

February 18, 2021 Read More

Weighing the Pros and Cons of a Cash-Out Refinance

Is a cash-out refinance right for me? If your cash flow is low, but your home equity is high, you might be an ideal candidate for a cash-out refinance. This type of loan is different from a traditional refinance because it allows you to borrow more than you currently owe, and pocket the difference versus just breaking even...

January 14, 2021 Read More

Everything A Homeowner Needs To Know About Home Equity

As a homeowner, you’ve probably heard about your home equity, but you might not know all the details. The good news is understanding your home equity is pretty simple. The more you know about it, and think about it strategically, the better off you can be over the long-term.  Here’s what you need to know. What is home...

January 7, 2021 Read More

5 Solutions to Help You Qualify For a Mortgage

Are you ready to apply for a mortgage but feel uncertain about your prospects? If a low credit score, high debt-to-income ratio, or inability to make a down payment have you sidelining your homeownership dreams, take a closer look at what really goes into qualifying you for that home loan. These tips can help boost your chances of...

January 6, 2021 Read More

Home Buyer Resources

How To Use an FHA Loan To Purchase a Second...

While you may think Federal Housing Administration (FHA) loans are only for first-time homebuyers, think again. While first-time buyers do indeed make up the majority...

July 28, 2021 Read More

How to Avoid a Home Renovation Money Pit

Many homebuyers purchase fixer-uppers as a way to save money. However, when all is said and done, some find out that they weren’t exactly a...

July 22, 2021 Read More

Is Buying a Home Still a Good Investment in 2021?

With housing inventory still at historic lows and the average median home sales price reaching a record high in May of just over $350,000 for...

July 21, 2021 Read More

all Home Buyer Resources

Mortgage Industry News

Are Homes The New Toilet Paper? The Housing Inventory Shortage...

If you are in the market for a new home, you are likely well aware of the current housing inventory shortage. The demand for housing...

April 22, 2021 Read More

6 Ways COVID-19 Vaccinations Will Impact The Housing Market

With President Biden’s recent announcement that all American adults will be eligible to receive COVID-19 vaccines by May 1, lockdown-weary citizens are anxious for the...

April 12, 2021 Read More

5 Housing Market Predictions For Year 2 Of The Pandemic

When pandemic lockdowns put the U.S. housing market in a freeze last spring, pundits claimed the industry was headed for another crash, not unlike the...

March 11, 2021 Read More

all Mortgage Industry News

OVM News

Breaking Records: OVM Financial Doubles Number of Scotsman Guide-Ranked Originators...

Each year, Scotsman Guide releases their Top Originators list recognizing the top Loan Officers in the industry. This gold-standard, national ranking system is based on...

April 19, 2021 Read More

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

all OVM News

Real Estate Agent Hub

5 Housing Market Predictions For Year 2 Of The Pandemic

When pandemic lockdowns put the U.S. housing market in a freeze last spring, pundits claimed the industry was headed for another crash, not unlike the...

March 11, 2021 Read More

How to Successfully Host a COVID-Friendly Open House

The COVID-19 pandemic has touched nearly every aspect of our daily lives. And for those trying to sell a home, even the long-standing open house...

January 6, 2021 Read More

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

all Real Estate Agent Hub