The "REAL" Reason For The Season

December 19th, 2014 |  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: 434-237-3143, Email: Web:

2015 Mortgage Rate Forecast

December 6th, 2014 |  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 market. Also, there is  an increase in the purchase of treasuries and corporate bonds by pension funds, banks, and foreign investors seeking higher U.S. bond yields. There is also rising demand in safe-haven assets and geopolitical unrest in several hot spots around the world. With that being said, now is still an excellent time to refinance or purchase with rates at record lows and great deal still available. Call on us, DIVERSIFIED MORTGAGE BROKERS, Tel: 434-237-3143, Email:, Web:  . WE EDUCATE & DELIVER .    * From American Funds Monthly Commentary Nov. 2014

USDA $ On Hold Again

November 15th, 2014 |  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+ credit scores and that may be on hold too. If you need Lenders that have the USDA $ and will go down to 580 scores, call us, DIVERSIFIED MORTGAGE BROKERS,TEL: 434-237-3143, Email: DBI4009@AOL.COM, Web:www, WE EDUCATE & DELIVER

Bank Or Broker Differences-Who To Choose?

November 8th, 2014 |  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 lenders to accomodate the Client's needs, credit or other factors. dealing with a Mortgage Broker that has experience and variety will allow more loans to fund, and allow the client to get the most competitive rate. For variety and experience,call us-DIVERSIFIED MORTGAGE BROKERS, since 1989, serving Central Va.Tel: 434-237-3143, Email:, Web:   WE EDUCATE & DELIVER !

Trick Or Treat -Lender fees

October 31st, 2014 |  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 you really expect something for nothing? NO! If you accept a loan w/o the charge, there is an additional .250 to .625 charge that applies to what determines the final % rate, depending on the size of the loan ( the smaller the loan the higher the charge). Thus your final % rate could go up .125 to .250 %. IF you do not plan on being in the home long, then perhaps not adsorbing the Lender fee is for the best. However, if you plan on staying in the home past several years, paying the Lender fee in the closing costs and getting the lower % rate will prove more cost effective. For up front service call us- DIVERSIFIED MORTGAGE BROKERS----        Tel: 434-237-3143, Email:, Web: WE EDUCATE & DELIVER !

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Diversified Mortgage Brokers
100 Copley Place, Suite D Lynchburg, Virginia 24502
Toll Free: 800-388-3561 | Phone: 434-237-3143 | Fax: 434-239-4852
Email: | NMLS ID# 188675 (

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