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- Jason King: So the good thing is is those investment products I talked about We don't need any income. We don't have to show anything. So they're they're really good for people that maybe do have multiple properties, that don't have the income to support it, but we know the rental's gonna come in good. Grayson: Hey, it's Grayson. I've got Jason King with me today on from check in to check out. today we're gonna talk to Jason. He works for OVM Mortgage Group. just kind of find out about what they do and the service they can offer to owners. So welcome Jason. if Jason King: Hey, it's Grayson. I've got Jason King with me today on from Check In to Check Out. today we're going to talk to Jason. He works for OVM Mortgage Group. just kind of find out about what they do and the service they can offer to owners. So, welcome Jason. if Grayson: you will, can you just kinda tell us a little bit about how you got into the mortgage industry and what you do? Yeah, hey, how are you doing today, Grayson? Jason King: you will, can you just kind of tell us a little bit about how you got into the mortgage industry and what you do? Yeah, hey, how are you doing today, Grayson? yep. So I'm Jason King with OVM Mortgage by Annie Mac. And I got into the mortgage business close to seven years ago, right around COVID. Grayson: mortgage business close to seven years ago right around covet I was in banking finance and Jason King: I was in banking and finance and decided to make a move over to the mortgage business. Okay, nice. Grayson: Okay, nice. So you're actually in house with Elliott. So I know you work a lot with me with New Business with Zach Kirkbride who's in VRIPS so how has that kind of been working all under one roof? Jason King: So you're actually in house with Elliott. So I know you work a lot with me with new business with Zach Kirkbride who's in Drips. so how has that kind of been working all under one roof? Grayson: Yeah, so it's nice having that partnership. Jason King: Yeah, so it's nice having that partnership with you know, with Elliott Realty, and Elliott's Grayson: LH Beach Rentals as well to kind of have everything under one roof, kind of a one-stop shop. Customers come in, do great in-house products for investment properties, whether they're condos or or beach houses. You know, they come in, talk to myself, you know, Zach on the real estate side, you know, you guys on the new business side, and have Jason King: B Trental as well, to kind of have everything under one roof, kind of a one stop shop. As customers come in, you know, great in house products for investment properties, whether they're condos or or beach houses, you know, they come in and talk to myself, you know, Zach on the real estate side, you know, and you guys on the new business side and have everybody here at one in one place. Grayson: everybody here at one in one place. Okay, nice. So one thing we want to Jason King: So one thing we want to kinda tell owners about is there anything that you've seen in the market that's kind of been they've ran into any dilemmas or anything getting current loans or how that works with condos versus houses, or just anything you can share to make the process as easy as possible? Grayson: kind of tell owners about is there anything that you've seen in the market that's kind of been they've ran into any dilemmas or anything getting current loans or how that works with condos versus houses, or just anything you can share to make the process as easy as possible? Jason King: Yeah, I mean interest rates, nobody Grayson: Yeah, I mean interest rates Jason King: likes a a high interest rate nowadays, but you know, some of these products that we do that we do offer in house avoids a lot of the fees, but we do our research up front, you know, with you guys. showing rental income from past to projected rental income, it makes the loan process a lot smoother when we kinda know those numbers up front and we get these customers into into the right property for them. Grayson: Okay. And is there anything that Jason King: Okay. Is there anything that Grayson: that owners should look for when trying to pick the right mortgage company that kinda anything OVM stands out that you can tell owners a reason to kinda go with y'all that you might do better than other companies? Yeah. So Jason King: that owners should look for when trying to pick the right mortgage company that kinda anything stands out that you can tell owners a reason to kinda go with y'all that you might do better than other companies? Yeah, so, you know, I I know I keep saying it, but but but our in house products, you know, we we have all the control. We have some good rates on those. We don't have to broker those out. you know Also just what OVM and AnnieMac stands for, you know, taking care of the client first and foremost and getting a good plan up front involving you guys on the rental side and us making sure that financially it makes sense to the customer. Now from an owner standpoint too, do you own Grayson: Now, from an owner's standpoint too, do you only do rental rental side or do you do like a primary residence? Y'all do everything? Yeah. Jason King: rental side or you do like a primary residence, y'all do everything? Yep, we can do primary, secondary investment. We we work with South Carolina housing, so for first time home buyers if they need down payment assistance, we we have that as well. So yeah, front to back, you name it, we we can get it done. Okay. It's something I learned Grayson: Okay. And something I learned too I think would be beneficial to share with people that are looking to put a property on the rental program Jason King: too I think would be beneficial to share with people that are looking to put a property on the rental program. Grayson: is I think there's something in place where if they're buying a property that has no rental numbers beforehand, you can kind of help with a loan that might just have a projection or kind of numbers that we think it might can do. Can you kinda explain how that works? Yeah, so Jason King: is I think there's something in place where if they're buying a property that has no rental numbers beforehand, you can kinda help with a loan that might just have a projection or kind of numbers that we think it might can do. Can you kinda explain how that works? Yeah, so we have what we call our D S C R loans. stands for debt services Grayson: we have what we call our DSCR loans. stands for debt service. Jason King: coverage ratio. So it means that whatever the projected rental income comes in at, it needs to cover the new housing payment or new condo payment, with everything included. So again, making sure Grayson: Again, making sure they're Jason King: they're in the right spot knowing that that ratio is gonna come in to cover everything. they really feel, you know, comfortable and can sleep better at night knowing that it it's a good investment for them. Grayson: in the right spot, knowing that that ratio is gonna come in to cover everything. they really feel, you know, comfortable and can sleep at night that it's a good investment for them. And is there any guidance? I know you touched on interest rates. I mean, is there a a way to get most people in locked into a mortgage even though interest rates are high? I mean, can you kinda just walk through the process? I know they have to show proof of I mean, how much money they make, things like that, but Jason King: And is there any guidance? I know you touched on interest rates. I mean, is there a a way to get most people in locked into a mortgage even though interest rates are high? I mean, can you kinda just walk through the process? I know they have to show proof of I mean how much money they make, things like that, but can you just kinda dummy it down how it works, the initial part of it? Yeah. Grayson: Can you just kinda dummy it down how it works the initial part of it? Yeah. Jason King: So the good thing is is those investment products I talked about We don't need any income. We don't have to show anything. So they're they're really good for people that maybe do have multiple properties, that don't have the income to support it, but we know the rental's gonna come in good. Yeah, I mean interest rates they're they're normal nowadays. And then I would say that our investment in house products are just as good of a rate as if you were to buy a primary home. Okay. Grayson: Yeah, I mean interest rates they're they're normal nowadays. And then I would say that our investment in house products are just as good of a rate as if you were to buy a primary home. Jason King: right, so that's it today with Jason Grayson: right, so that's it today with Jason King with OVM mortgage. We're gonna put a link below on this video on a way to contact Jason if you have any questions about your mortgage. Jason King: King with OVM mortgage. We're gonna put a link below on this video, on a way to contact Jason if you have any questions about your mortgage. Grayson: that's it for today on this episode from Check In to Check Out. Thanks. Jason King: That's it for today on this episode from Check In to Check Out. Thanks.