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Mortgage and Lending - OVM Financial Inc - NMLS # 78989
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.
RECENT BLOG POSTS
It is flat out guaranteed that if you Google any property address or real estate topic, Zillow will show near the top of the results.  Arguably, Zillow.com has become the biggest name in real estate.  Actually, many buyers start their home shopping process here or other sites such as Realtor.com,...
01/30/2018
Many real estate professionals, lenders, and tax payers fear that the proposed income tax plans could drastically affect the housing market in a negative way.  These fears include more Americans choosing to rent instead of own, interest rates going up, and owners losing a ton of equity.  That is ...
12/15/2017
The House and Senate income tax reform bills offer a lot of changes to many tax payers.  Many are debating the pros versus cons of tax reform.  The main goal of the reform appears to be to help the American tax payers and further stimulate the economy.  One potential area of concern in both tax r...
12/15/2017
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...
09/06/2017
CoreLogic reports that home prices, including distressed sales, rose 6.7 percent from July 2016 to July 2017. From June, home prices increased 0.9 percent month over month. CoreLogic says the "combination of steadily rising prices along with very tight inventory of unsold homes should keep upward...
09/06/2017
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...
08/08/2017
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...
08/07/2017
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...
08/06/2017
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...
08/05/2017
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...
06/23/2017
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Russell Smith

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