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 Bureau of Labor Statistics reported on Friday that Non-farm Payrolls rose by 215,000 in March, above the 200,000 expected, though down from the 245,000 created in February. Within the report it showed that the Unemployment Rate edged higher to 5 percent from 4.9 percent.The positive report si...
The Labor Department reported that there were 242,000 jobs created in February, above the 190,000 expected. Plus, December and January were revised higher by a total of 30,000. The Labor Force Participation Rate ticked up to 62.9 percent, the highest since January 2015, while the Unemployment Rat...
Experienced & Licensed Mortgage Loan Officers can build their business with Team Move!So many lenders are looking for experienced mortgage loan officers and we are too.  But we are offering loan officers and teams who are masters of their craft, a higher level of extra personal attention, support...
The Commerce Department reported on Wednesday that December New Home Sales surged 10.8 percent from November to an annual rate of 544,000 units, above the 506,000 expected. It was the third consecutive monthly gain and the third best annual gain since 2008. Sales rose 14.5 percent in 2015 to 501,...
The S&P/Case Shiller 20-city Home Price Index rose 5.8 percent year-over-year due to continued low mortgage rates, tight supplies and an improving labor market. On a monthly basis, prices were up 0.9 percent from October, the fastest monthly gain since March. In addition, 14 cities put up better ...
December Existing Home Sales Surge!The National Association of REALTORS® reported on Friday that December Existing Home Sales surged nearly 15 percent from November to an annual rate of 5.46 million units. This was well above the 5.12 million expected. The big gains could be due to delayed closin...
Why did so many buyers move to North Carolina in 2015?North Carolina consistently ranks very high in the annual United Van Lines Movers Study and in this article we share the reasons why so many buyers moved to NC in 2015.Guess what?  The population continues to move away from the cold of the nor...
Why did so many buyers move to South Carolina in 2015?South Carolina consistently ranks very high in the annual United Van Lines Movers Study and in this article we share the reason why so many buyers moved to SC in 2015.Everyone knows South Carolina for the beaches, so why wouldn’t people want t...
 Picture this scenario:  A happy couple or individual has never purchased a home but would love to be homeowners in the future, BUT…*  There is not a lot of credit report experience or there are credit issues*  Has no money in reserves or for down payment*  Doesn’t have a budget in order to affor...
Is PMI Still a Tax Deduction?We continue to hear threats of axing the mortgage interest and PMI tax deduction but there has been a decision for 2015 & 2016.  Low to Middle level taxpayers take their tax deductions seriously and want everything possible that will lower their tax burden or better y...

Russell Smith

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