Oklahoma Mortgage Group - Mike David

When it comes to building wealth, many people immediately think of the stock market. But the data tells a different story.  H omeownership remains one of the most powerful financial tools available . In fact, the average homeowner’s net worth is 44 times higher than that of a renter. Why? Because real estate combines appreciation, equity, and leverage in a way few other investments can. 1. Home Equity Drives Wealth On average, about two-thirds of a homeowner’s net worth comes from home equity . Every mortgage payment builds ownership, and over time, that equity becomes a significant financial asset. 2. The Power of Leverage One of the biggest advantages of real estate is leverage—being able to control a large asset with a smaller investment. Let’s break it down: $40,000 invested in stocks at a 10% return = $4,000 gain $40,000 used as a 10% down payment on a $400,000 home If that home appreciates just 3% = $12,000 gain That’s a 30% return on your original investmen...

If you’re considering moving to Tulsa or relocating to Tulsa through the Tulsa Remote program, there’s never been a better time to explore your options. Tulsa Remote is a nationally recognized program designed specifically for out-of-state remote workers who are selected to relocate to Tulsa. Participants gain access to a growing, supportive community along with a $10,000 grant to help make the move. At Oklahoma Mortgage Group, we’re proud to be a Tulsa Remote approved lender , helping qualified participants navigate the homebuying process with clarity and confidence. What is Tulsa Remote? Tulsa Remote is a 12-month program built to attract talented remote professionals to Tulsa. Since its launch, it has welcomed 3,500+ remote workers from across the country, representing all 50 states and hundreds of cities. Participants benefit from: • A $10,000 relocation grant • Free coworking space • Monthly networking and community events • Health and wellness resources Even more ...

Use Your Assets to Qualify for a Home Loan in Tulsa Not every qualified homebuyer fits neatly into a traditional income-based mortgage. If you have strong savings, investments, or retirement accounts—but your income is complex or non-traditional—you may still qualify for a home loan using your assets. At Oklahoma Mortgage Group , we offer the Asset Amplify program , designed to help buyers leverage their financial strength in a different way. What is Asset Amplify? Asset Amplify is an asset-based mortgage program that allows you to use your liquid assets to qualify, without needing to sell or move them. This means your savings and investments can work for you while still remaining fully under your control. Key Benefits • No need to liquidate assets • Maintain full control of your funds • Use assets to strengthen your mortgage application • Up to 80% financing available • Loan amounts up to $2 million or more Who This Works Best For This program is ideal for: • Self-employed borrowers ...

  If you are a real estate investor, you know that traditional financing can slow you down. Tax returns, income calculations, and debt to income ratios often limit how quickly you can grow your portfolio. That is where Cashflow Pro changes the game. This investment loan program allows you to qualify based on the income from the property itself using a Debt Service Coverage Ratio, also known as DSCR. Instead of reviewing your personal income, we evaluate whether the rental income covers the mortgage payment. This approach opens the door for investors who may write off income, own multiple properties, or simply want a faster and more flexible way to finance deals. How DSCR Loans Work DSCR stands for Debt Service Coverage Ratio. It measures the property’s rental income compared to the monthly mortgage payment, including principal, interest, taxes, insurance, and association dues. If the property cash flows, it can qualify. Key Benefits of Cashflow Pro Loans • No W2s, tax returns, or ...

We’re proud to announce that Mike David, Producing Branch Manager of Oklahoma Mortgage Group, has been recognized on the Scotsman Guide Top Originators list for 2026, based on outstanding performance in 2025. This national recognition places Mike among the top mortgage professionals in the country and reflects a year of strong production, client service, and consistent results. He was recognized in multiple categories, including: • Top Dollar Volume • Most Loans Closed • Top FHA Volume • Top VA Volume But behind every number is something far more meaningful—people and their stories. In 2025, our team had the opportunity to help approximately 260 families navigate the home financing process.  At Oklahoma Mortgage Group, we believe getting a mortgage should feel clear, strategic, and personalized. Our team focuses on: • Transparent communication throughout the loan process • Customized loan options tailored to each client • Creative solutions for unique financial situatio...

  If it feels like renters are staying put longer than ever, you are right. According to recent housing data, the average renter now stays in their home for 6.5 years, up from just 5.9 years in 2019. While that may not seem like a big jump at first glance, it signals a much larger trend happening in today’s housing market. Why Renters Are Staying Longer There are two main reasons driving this shift: • Rising rent costs • Affordability challenges when buying a home Many potential buyers feel stuck. Higher home prices and fluctuating mortgage rates can make it seem like waiting is the safer option. But in reality, waiting can come with a hidden cost. The Real Cost of Renting Longer When you rent, your monthly payment builds zero equity. When you own a home, a portion of every payment goes toward building wealth. Over time, this creates a significant gap. Studies show the average homeowner’s net worth is dramatically higher than that of a renter, often by as much as 40 times. The long...