Real World Mortgage Solutions

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Mortgage and Lending - Team Move OVM Financial - NMLS # 78989
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.
The VA appraisal process is different from other appraisal types.  A term that strikes fear is when the VA appraiser invokes the Tidewater Initiative.  Realtors, buyers, sellers, and lenders worry about the purchase falling apart.  But if everyone moves quickly enough, the Tidewater process could...
Are you currently living with family, staying with friends, or renting an apartment or home?  Are you like many that want to achieve the dream of homeownership for the first time?  This is a huge step and it should not be taken lightly.  Even though Millennials and others may prefer to text or me...
Thinking about buying a first home and trying to figure out what to do can be an overwhelming thought.  There are a lot of things to consider such as price, payment, amenities, down payment, and qualification.  Plus spending and probably borrowing tens to hundreds of thousands of dollars is a hug...
The Bureau of Labor Statistics reported that 209,000 jobs were created in July, well above expectations. Revisions to May and June yielded 2,000 more new jobs than previously reported. The Unemployment Rate fell to 4.3 percent from 4.4 percent, the lowest since March 2001. Average hourly earnings...
After reading, share your 1 best tip for a new realtor in the comments below! Starting any business is tough and that is what you do as a new Realtor.  You become your own business!  So knowing how to become a Realtor and do it right from the beginning involves planning.  Hopefully no one would s...
You know those furniture store signs “Out for your business”?  Well, Fannie Mae is out for your business!  This year there has been a consistent flow of updates coming from Fannie Mae.  Plus there are more coming!  Most of these include loosening of income, asset, and credit guidelines.  So this ...
So many things seem to block saving for a down payment on a house.  High rent payments, car repairs, hospital bills, plus other expenses get in the way.  But, there is a special program which allows South Carolina buyers to become homeowners!  It is called the down payment assistance SC program. ...
The most popular time to buy a home is in the Spring and Summer.  But besides home buying season, it is also Hurricane Season in the Southeast US.  The hurricane season officially begins on June 1 and continues through November 30.  Although hurricanes could form and cause damage before or after ...
Maybe you paid for a credit score or maybe you got it for free.  But most find out that there is a big problem with these scores!  The fault in the credit scoring systems used is they do not match the mortgage credit score pulled by lenders.  If you’re thinking that this is unfair and wrong, you ...
The Labor Department reported that Non-farm Payrolls rose by 138,000, below the 185,000 expected. March and April numbers were revised lower by 66,000. The Unemployment Rate fell to a 16-year low of 4.3 percent and is at a new post-crisis low. The Labor Force Participation Rate declined to 62.7 p...

Russell Smith

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