We were asked recently “Do you have any decent programs for second home buyers?” and the quick answer is “Yes, there are a lot of creative ways to finance the purchase of a second home”. These financing options include purchase loans on the... Read More
Pastoral Housing Allowance We love helping pastors buy homes! So much so, we have to share this success story and “prayer” answered. Picture this loan scenario which involved the often misunderstood pastoral housing allowance. A pastor and military v... Read More
Settlement or Closing Costs Explanations A buyer should know which closing costs to expect when purchasing a home. Some closing costs are required, where others are optional to the buyer. Potential Closing Costs on a Purchase Below is a detailed list of potentia... Read More
When is flood insurance required and how do I find out if I need it? Flood Insurance Requirements It is a given that every coastal Realtor, insurance agent, & mortgage lender should be familiar with flood insurance but there are also plenty of non-coastal prop... 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
Building a new home is exciting. For a buyer to use a VA home loan on new construction, there must be a VA approved builder. Although VA builder approval is required, it is not a daunting task. If a builder is going to sell a home to military or veteran buyers,... Read More
Why and How to Work With a Buyer’s Agent Why Using a Good Realtor is Important In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership. So far we have discussed 1) how to solve limited or bad credit, 2) no down payment, 3) ... Read More
When buying a home, townhome, or condo around Wilmington, check the New Hanover County Tax Records. You will find that New Hanover County, Wilmington, and the other towns have very reasonable tax rates. So mortgage payments are very payment friendly for living a... Read More
Team Move Mortgage Best Mortgage Home Loan Blogs 2015 Providing the most helpful tips for buyers, realtors, homeowners, and the public in general is the main purpose of our blogs. They are written about real world mortgage loan scenarios and we hope that these blo... Read More
Low to no down payment VA and FHA construction perm loans Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value. Well, we offer a one-time closing VA and FHA construction to perm mortgage loan to meet t... Read More
Check Out The Latest
- Mortgage Rates Trend and an Improving Economy – How it Impacts YouMarch 13, 2017 - 4:41 pm
It has started. You hear the buzz everywhere talking about the future of interest rates, economy, and real estate market. How many times will the Fed raise rates this year? Should I lock in a mortgage rate now? How is the job market doing? Are housing prices going up? No one has a crystal ball no […]
- What is a Private Road Maintenance AgreementMarch 7, 2017 - 9:13 am
Private roads. These 2 words can make Realtors cringe! Because agents know these words may cause some issues during the loan process. But there are solutions. So while looking for the perfect home, let’s say you come across the perfect one on a private road. “No big deal to me!” says the buyer. Well, private roads […]
find us here & there
Copyright © 2015 OVM Financial, All rights reserved. | OVMX; development by OVMX
The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.
The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency.
The views expressed on this post are mine and do not necessarily reflect the view of OVM Financial Inc,.
Not all products or services mentioned on this site may fit all people
OVMFinancial, Inc. is licensed by the Virginia State Corporation Commission/Bureau of Financial Institutions as a mortgage lender/mortgage broker, license # 3038, NMLS ID# 86788, (www.nmlsconsumeraccess.org). We lend in the following states: Virginia, North Carolina and South Carolina.