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The "REAL" Reason For The Season

As we get ready for the 2014 Christmas hoopla, lets give thought for all we have, all we love, and the "REAL" meaning of CHRISTmas!!!! I hope all of you have the best CHRISTmas ever and a Happy New Year ! Diversified Mortgage Brokers,Tel: 434-23

Dec 19, 2014 |

2015 Mortgage Rate Forecast

2015 Mortgage Rate Forecast

2015 Mortgage Rate Forecast: Many of the portfolio managers expect rates to move higher next year but not too dramatically. Keeping rates in check are: the uneven growth in the economy,declining inflation expectations, and uncertainties in the labor marke

Dec 06, 2014 |

USDA $ On Hold Again

USDA $ On Hold Again

Well. its that time of year again when USDA monies are on hold from the Federal government until they can get more alloted.That was suppossed to have happened in October but we are still waiting. For now, most Lenders will only service 640+ cred

Nov 15, 2014 |

Bank Or Broker Differences-Who To Choose?

Bank Or Broker Differences-Who To Choose?

There is quite a difference in your choice of a Bank or Mortgage Broker to represent you or your clients. Typically, the Bank will offer higher rates and limited programs that only apply to that Bank. A Mortgage Broker can offer a variety of programs and

Nov 08, 2014 |

Trick Or Treat -Lender fees

Trick Or Treat -Lender fees

When shopping for a Mortgage rate, the new gimmick is the option where a Lender does NOT charge for underwriting the loan (sometimes called administative fees, etc). This charge usually ranges from $700 - $1000 depending on the Lender, so can yo

Oct 31, 2014 |

What Is  A

What Is A "Real" Pre-qual Letter For A Purchase

Every day I get asked to prepare a pre-qual letter to satisfy a Borrower or Realtor. To my surprise, many times I am being asked for a pre-qual w/o the necessary documents to really make it legitimate. A "REAL" prequal letter, at minimum ne

Oct 27, 2014 |