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OVM NEWS & RESOURCES

Tips For Buying a Home in a Seller’s Market

Despite an initial slowdown at the beginning of the pandemic, the real estate market has remained a seller’s market. This means that there are more interested buyers than there are available homes for sale. As a buyer, it may be harder to find your dream home, and once you find it, you may be up against some stiff...

September 15, 2020 Read More

How To Save For Your Home While Paying Off Student Debt

There’s a lot of student debt out there — about $1.56 trillion of it, as of February 2020. The average student debt burden is just over $37,000, and a recent study found that nearly half of college students are taking on significantly more debt because of the pandemic. Paying those loans down can put a serious dent in...

August 31, 2020 Read More

Buying A Home After Military Retirement

If your military retirement date is coming up, congratulations, and thank you for your service! You are likely thinking about settling down and using your VA benefits to buy your “forever” home. However, you may have some questions about the process. This article will look at how to overcome some of the common challenges, tips on buying after...

August 31, 2020 Read More

How Will Temporary Unemployment Impact My Ability To Purchase A Home?

The COVID-19 pandemic has created a record unemployment number in the US. If you’re one of the millions of American’s who have been affected, you may be left wondering how temporary unemployment can impact your home buying dreams or how to buy a home while unemployed. While unemployment can be a difficult circumstance to manage, it does not...

August 31, 2020 Read More

How To Finance An Airbnb Rental Property

Owning a second home is a luxury that many people dream about, but the costs can be intimidating—or flat out prohibitive. However, if you become a host on Airbnb, you may offset the costs of owning a vacation home and even turn a profit. This guide on financing Airbnb properties can help you buy your dream vacation property...

August 31, 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

What You Need To Know About The VA Funding Fee

Buying a home with a VA home loan is a privilege earned by our military service members, but sometimes there’s confusion about the VA Funding Fee and how it works. For instance: What is the VA funding fee? How much is it? Who can cover the cost of the VA Funding Fee? Are there options to lower or get...

September 3, 2020 Read More

How to Buy a Home After Retirement

If you’re like many retirees or soon-to-be retirees, you may be looking to downsize your home or even relocate altogether to a more desirable location to spend your Golden Years. But buying a home after retirement requires a different approach than when you may have purchased a property in the past. To get a better idea of how...

July 23, 2020 Read More

7 Factors That Influence Your Mortgage Interest Rate

When searching for a lender to borrow a mortgage from, most borrowers will gravitate toward the lender that offers the lowest mortgage interest rate. A low-interest rate means a less-expensive monthly payment and the borrower will be saving money over the life of the loan. But understanding how mortgage rates are determined can help a borrower determine several...

July 22, 2020 Read More

What Home Upgrades To Consider As You Buy

Most homebuyers dream of moving into a turn-key home that doesn’t need repairs or upgrades. But if you have a limited budget, you may not be able to afford a home that’s completely renovated. As you’re shopping for a house or deciding what upgrades to make in your new place, it’s important to prioritize so you can stay...

July 22, 2020 Read More

A Home Buyer’s Guide To Negotiation

Negotiation is a delicate process. While you want to get the best deal possible on your home purchase, you don’t want to come in with a lowball offer and offend the seller. To help you understand the negotiation process so you don’t lose out on your dream home or any potential savings, we’ve put together this home buyer’s...

July 22, 2020 Read More

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

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

Home Buyer Resources

Tips For Buying a Home in a Seller’s Market

Despite an initial slowdown at the beginning of the pandemic, the real estate market has remained a seller’s market. This means that there are more...

September 15, 2020 Read More

What You Need To Know About The VA Funding Fee

Buying a home with a VA home loan is a privilege earned by our military service members, but sometimes there’s confusion about the VA Funding Fee...

September 3, 2020 Read More

How To Save For Your Home While Paying Off Student...

There’s a lot of student debt out there — about $1.56 trillion of it, as of February 2020. The average student debt burden is just...

August 31, 2020 Read More

all Home Buyer Resources

Mortgage Industry News

What You Need To Know About The VA Funding Fee

Buying a home with a VA home loan is a privilege earned by our military service members, but sometimes there’s confusion about the VA Funding Fee...

September 3, 2020 Read More

How Will Temporary Unemployment Impact My Ability To Purchase A...

The COVID-19 pandemic has created a record unemployment number in the US. If you’re one of the millions of American’s who have been affected, you...

August 31, 2020 Read More

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

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