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 |
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 |
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 |
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 |
For years a FHA loan seemed to be the #1 loan choice for First Time Buyers BUT those days may be gone? Over the last few years the FHA mortgage insurance rates have increased several times and now can stay on the loan for the entire 30 years,regardless of
Oct 18, 2014 |
Are you tired of losing deals because your Mortgage Broker can not get the deal done? Well, perhaps it is time to add additional resources to your arsenal. DIVERSIFIED MORTGAGE BROKERS has serviced Virginia for over 25 years and we offer great service,whi
Oct 10, 2014 |