We continue to hear threats of axing the mortgage interest and PMI tax deductions. So what is the latest? Low to Middle level taxpayers take their tax deductions seriously and want everything possible that will lower their tax burden or better yet, increase their ... Read More
The Federal Housing Administration has announced the FHA loan size limits for 2017 in all areas of each state. The most popular level is for single family residences. Most of the NC FHA loan size limits increased from $271,050 to $275,650. But there are seve... Read More
The Federal Housing Administration or FHA, announced the 2017 SC FHA loan size limits in all areas of each state. Most of the SC FHA loan size limits increased from $271,050 to $275,650. But there are some counties which have higher limits. So make sure tha... Read More
Tom Fortune – OVM Marketing Director OVM Financial is continuing to grow its talented team at a rapid pace. Please join us in cordially welcoming our brand new Director of Marketing, Tom Fortune! Tom’s role will be to oversee the Marketing Department as we co... Read More
USDA funds are available for 10-1-2015 – 9-30-2016 USDA Finances 100% of your home purchase Each year after the USDA Rural Development fiscal year ends, USDA must have authorization for funds in order to fully guarantee the loans. Since October 1, 2015, we ha... Read More
TRID changes mortgage disclosures along with the process of disclosing, documenting, and closing a mortgage loan and everyone needs to know the new rules. If you are a Real Estate Professional, hopefully by now you are very familiar with the new regulation rules c... Read More
New FHA guidelines effective 9/14/15 Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the new guideline language which replaces the prior rules often because the prior rules were... Read More
What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing For most real estate professionals, TRID is the least understood big regulation in history probably and it starts October 3, 2015! Can a lender, settlement a... Read More
FHA Changes FHA recently changed a lot of their guidelines on 9/14/2015. So we will provide the game plan to navigate minor tweaks to big FHA changes. Below are answers to FHA FAQ’s Is a borrower eligible if they have a delinquent federal debt but have ... Read More
What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing TRID: Get familiar with the new forms taking the place of current ones (No more HUD, GFE, TIL, & others) and the totally new process. Make sure that you... Read More
Check Out The Latest
- Gift Letter for Mortgage: Requirements for Who, What, and How MuchSeptember 21, 2017 - 7:16 pm
Buying a home is the American dream for many and there are a lot of programs available to accomplish this dream. But what happens when the buyer needs a little extra funds in order to purchase? That is where a gift can be very beneficial. Although it is important to understand gift requirements such as […]
- Everything You Need to Know About Purchasing Rental PropertySeptember 14, 2017 - 9:47 am
Whether it is a vacation rental or long term rental, buying rental property could be a big step towards financial freedom. According to the National Association of Realtors, buying a rental or investment property actually accounts for approximately 20% of purchase transactions lately. A benefit for investors that are able to buy rentals is that […]
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