Do you know the difference between Borrower paid or Lender paid compensation for mortgage loans? The Dodd Frank Act 4/6/2011 states that a Mortgage Broker must give the borrowers the option of these two ways to proceed with their loan: Borrower paid means
Jul 11, 2014 |
I have seen so much frustration over the years when a credit report reveals some items that hold up the loan. IF a borrower would pull their own mortgage credit report from a reliable site BEFORE they start their home purchase or
Jun 10, 2014 |
Mortgage rates continue to fall this week as well and the time for purchase $ seems ideal. And for those considering refinancing to lower rates, home improvements and or debt consolidations,the timing could not be better. It is unbelievable. Give me a cal
May 29, 2014 |
ALERT!!!!!! Mortgage rates have DROPPED again and again over the last 2 weeks and NOW is the time to lock in a great rate before the rates rebound. Call Diversified Mortgage Brokers and let us educate you on what determines a rate and how we can beat
May 23, 2014 |
I would like to offer some suggestions to you in order to really help your clients: 1) the clients should shop around for the best mortgage rates and service thru several Mortgage Brokers or Banks to compare, especially if they understand BROKER COMP
May 16, 2014 |
Have you considered the benefits of a refinance of your current mortgage loan? There are several obvious reasons for a refinance that stand out:1) Lowering the % rate and payments, 2) Using a HARP loan to refinance a prior home loan where
May 12, 2014 |