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Mortgage and Lending - Blue Ridge Bank Mortgage - NMLS # 78989
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.
The purpose of a VA loan is to provide affordable financing for current military, Veterans, and qualified surviving spouses to purchase, refinance, or build a primary residence. But sometimes there is a roadblock called the VA loan occupancy requirement. Although these solutions are not spelled o...
For a long time, VA loans have probably been the best tool for buying, building, or refinancing a home. Fortunately, current military, Veterans, and qualifying surviving spouses have this benefit. But, there is a major change beginning January 1, 2020! VA eligible borrowers may now finance a no m...
Generally, the first reaction to the term "crawl space encapsulation" is that it is expensive and to put it off. Although, high moisture content can cause serious damage to a home and it constantly creeps into a home’s crawl space. High humidity is especially prevalent in coastal areas including ...
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, especially a first time home buyer with limited credit could receive a credit denial for a home purchase. Talk about “B...
Homeowners may have a solid home and insurance to protect themselves and their property, but when a natural disaster occurs, there are so many facets that are out of homeowner’s control. The damage not only affects properties, but it also affects food, gas, employment, income, internet, phone, tr...
We are pleased to announce that OVM Financial’s VA renovation loans now allow up to $75,000 in renovation costs. This is breaking news to an already fantastic product to help military Veterans buy a fixer-upper home and potentially finance all improvements!Did You Say VA Renovation Loans?If you h...
A home is often a person’s most significant asset, so it makes sense to keep it insured. Right? Hazard insurance, otherwise known as homeowners insurance, is most popular. If in a flood hazard area, then lenders will require flood insurance. Even if the property is on the coast, then wind & hail ...
We are smack dab in the middle of hurricane season. Hurricane Florence is aiming towards the Mid Atlantic coastal states. When it comes to hurricane preparedness, protecting yourself and loved ones comes first. Then, protecting your assets such as the home, personal property, valuables, and docum...
Mortgage fraud is serious business. We are talking paying back the loan within 30 days, large fines, and jail time. There are basically two types of mortgage-related fraud: Fraud for profit and fraud for housing. People committing fraud for profit know they are committing a crime and look to make...
Imagine arriving at the settlement agent’s office for your closing. Everything went without a hitch: The buyer provided all documentation plus the Realtor®, closing attorney/title company, and lender have performed at a high level of customer service. Even the moving truck is ready to unload the ...

Russell Smith

Loan Officer Communication & Execution You Deserve
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