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OVM NEWS & RESOURCES

5 Things Married Couples Need To Think About Before Financing a Home

Buying a new home can be an amazing experience. It provides you and your spouse a fun quest, like a scavenger hunt for the perfect nest in which to build your collective future. It can also be a source of major stress and strife if not properly handled. While you plan your first home purchase as a married...

March 1, 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

You Should Not Invest In A Rental Property Without Reading This First

For many, the opportunity to buy an investment property is a potential way to generate income. You can use these homes as rentals, Airbnb’s, and even a jumping-off point for building your own investment property empire. For first-timers, getting an investment property might sound pretty attractive; but there are things you need to consider before you get started....

February 12, 2021 Read More

2021 Tax Benefits of Owning a Home

When it comes to buying a home, your primary goal might be having a place of your own to grow old and raise your family. But, there are plenty of other perks too, and a big one is the tax benefits that come with homeownership. For many, that’s an attractive bonus, regardless of buying for yourself or as...

February 11, 2021 Read More

How to Qualify for a Mortgage as an Unmarried Couple

When buying a home as an unmarried couple, qualifying for a mortgage is one of the more complex items on your to-do list. Should you apply together or only have the person with the higher credit score apply? What if one of you has substantial debt? Can you both own the home if only one of you is...

February 2, 2021 Read More

When Does It Make Sense to Buy Mortgage Discount Points?

When you are getting a mortgage, you will spend a lot of time thinking about your mortgage payment and your interest rate. Your interest rate will determine how much you pay monthly. If your goal is to have a lower monthly payment and/or pay less over the life of your loan, mortgage discount points may help you. Interest...

February 2, 2021 Read More

20 Side Hustle Ideas to Help You Save for Your Home In Record Time

Are you thinking about buying your first home? The biggest hurdle to buying is typically the down payment (the amount of the purchase price you must pay upfront when you buy a home). With the average cost of living growing faster than the average income, many people are having a hard time-saving money, which makes saving for something...

February 2, 2021 Read More

Fact or Fiction: Mortgage Edition – Mortgage Myths Debunked

There’s a lot of “hearsay” out there when it comes to the mortgage process. If you are questioning what’s fact and what’s fiction, we compiled the answers to some of the most common mortgage myths. Rather than listing each mortgage myth, we have our own version of ‘Mortgage: Fact or Fiction’ below. Here’s how it works. We are...

February 1, 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

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

How to Optimize Your Home in the COVID Era

With so many Americans spending so much time at home, homeowners are learning that their spaces aren’t exactly optimized for daily life in the COVID era. Here are some effective solutions to help you make your home fit your changing needs as we move into the future. Optimize Your Home’s Floor Plan to Suit Your Lifestyle Is your...

December 31, 2020 Read More

The Ultimate Holiday Gift Guide For New Homeowners

Are you looking for the perfect gift for the new homeowner on your holiday shopping list? This holiday gift guide is full of unique gift ideas to delight your homeowners and make their lives easier. Whether you have a budget of $25 or $250, you’re sure to find something perfect on this list. Here are 17 homeowner-friendly holiday...

December 3, 2020 Read More

Your Guide To Holiday Shopping During The Home Buying Process

The season of giving brings cheer for many, but before the holidays arrive, we need to discuss how holiday shopping can severely damage a credit score. More importantly, buyers with limited credit could receive a credit denial for a home purchase. Talk about “Bah Humbug!” To prepare you for the holiday shopping season, we’ve compiled a few best practices...

December 2, 2020 Read More

How Does a Furlough or Decreased Hours Affect Mortgage Approval?

Sometimes, life can happen when we least expect it, including getting furloughed from your job or having a big decrease in your hours. While many individuals dream of owning a home someday, it can be frightening when your source of income suddenly diminishes rapidly. Of course, this isn’t an ideal situation, but it’s important to understand that a...

November 9, 2020 Read More

How To Find Unlisted Homes Before They Hit The Market

Broaden Your Search With Unlisted Homes In a seller’s market, expanding your real estate search to off-market properties can provide you with access to a world of unlisted homes. There are several advantages to pursuing houses that aren’t necessarily listed “for sale,” especially when the demand for homes is high, and there’s a limited selection to choose from....

November 6, 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

Home Buyer Resources

5 Things Married Couples Need To Think About Before Financing...

Buying a new home can be an amazing experience. It provides you and your spouse a fun quest, like a scavenger hunt for the perfect...

March 1, 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...

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...

February 18, 2021 Read More

all Home Buyer Resources

Mortgage Industry News

New President, New Housing Policies: Biden Administration

After a rocky and unpredictable 2020, a new year brings plenty of questions and predictions about the housing market — especially with a new administration. The Biden...

February 18, 2021 Read More

4 Housing Market Predictions to Know Before 2021

There’s no doubt 2020 has been an unpreceded year. The world was rocked by the COVID-19 pandemic, creating a ‘new normal’ for how we conduct...

December 29, 2020 Read More

Conforming Loan Limits Will Increase in 2021

Another sign that real estate continues to grow is that the Federal Housing Finance Agency increased the 2021 conforming loan limits by over $37,000. Actually,...

December 4, 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 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

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

all Real Estate Agent Hub