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Gardening Trends in 2021 and How to Achieve Them
Many popular trends have come out of 2020, from baking bread to arts and crafts; one that stands out is gardening. With many stuck at home and unable to go to their favorite restaurants and stores,...
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Is Buying a Home Still a Good Investment in 2021?
With housing inventory still at historic lows and the average median home sales price reaching a record high in May of just over $350,000 for all home types, you may be wondering if buying a home in...
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How to Avoid a Home Renovation Money Pit
Many homebuyers purchase fixer-uppers as a way to save money. However, when all is said and done, some find out that they weren’t exactly a bargain after all. While many older homes have good bones...
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How To Use an FHA Loan To Purchase a Second Home
While you may think Federal Housing Administration (FHA) loans are only for first-time homebuyers, think again. While first-time buyers do indeed make up the majority of FHA borrowers (since FHA loans...
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Breaking Records: OVM Financial Doubles Number of Scotsman Guide-Ranked...
Each year, Scotsman Guide releases their Top Originators list recognizing the top Loan Officers in the industry. This gold-standard, national ranking system is based on how many loans each individual...
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How Will Short-Term Rental Regulations Impact Rental Property Investors?
The rise of Airbnb-type properties in popular tourist spots has been a tricky situation over the past few years. Residents are often poorly affected in multiple ways. Cities such as Virginia Beach...
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Single-Family Homes Are Increasing in Popularity – Why?
If you’ve watched the news over the past year, you’ve probably seen how the market for single-family homes is scorching. According to the U.S. Census Bureau, nearly 840,000 single-family homes sold...
View ArticleOVM Financials’ Rankings Climb to New Heights on 2021 Inc. 5000 List
Inc. magazine listed OVM Financial as No. 3245 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. This is OVM Financial’s sixth and highest...
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5 Reasons Why We’re Not at Risk For Another Housing Market Crash
After watching a historic climb in home sales prices coming out of the COVID-19 pandemic of 2020, many pundits have expressed concerns we’re headed for another recession similar to that inspired by...
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How to Buy a Home in Your Early 20s
You may think it overzealous to start planning your first home purchase when you’ve recently graduated high school. However, building your credit score, researching mortgage companies, career...
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9 Smart Home Gadgets That You Didn’t Know You Needed
If you were lucky enough to experience the 1980s, you’ll likely recall a well-known cinematic trilogy called “Back to the Future.” You probably chuckled at the idea of hoverboards, personal drones, or...
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2021 FHA Student Loan Guidelines Help More Qualify for a Mortgage
2021 FHA Student Loan Guideline Update As of June 2021, FHA updated its student loan guidelines for loans in deferment or income-based repayment (IBR). The change will give more borrowers with student...
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FHA Mortgage Insurance Questions Answered for Buyers
First-time home buyers often assume that they will not be able to purchase a home without a large down payment. Fortunately, FHA loans offer a low (3.5%) down payment solution made possible by FHA...
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Must Have Items to Improve Your Work from Home Office Space
The COVID-19 pandemic changed the way we work. Now, instead of suiting up and heading to the office, many of us can start the workday in our PJs thanks to a cultural shift that has made remote work...
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How Can I Use FHA Gift Funds to Buy a Home?
Did you know that you can give or receive the gift of homeownership? Several loan programs welcome the use of gifted funds to cover common home-buying expenses: Down payment Closing costs Debt...
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FHA DTI Ratio Requirements For Home Buyers
For many aspiring home buyers, a Federal Housing Administration (FHA) loan might be a good option. FHA loans appeal to home buyers, especially first-time buyers because they offer lower down payment...
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What Does FHA Identity of Interest Mean?
FHA identity of interest is a complicated term for a relatively simple idea. Identity of interest means that there is an existing relationship between a home buyer and the seller. Maybe you’re...
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FHA Rental Income Guidelines
Federal Housing Administration (FHA) loans make it easier for prospective homebuyers to get the financing they need to buy a home. With a minimum down payment requirement of just 3.5% and a credit...
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How to Qualify for a VA Loan Using Rental Income
Military Service Members, Veterans, and their families have access to a unique real estate investment opportunity; you can use a low-interest, 0% down payment VA loan to purchase multi-family...
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How to Use Rental Income to Qualify for a Mortgage
Using rental income to qualify for a mortgage is a bit more complicated than using wages from employment, but it is possible in many cases. And it’s worth the effort to understand the process of...
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