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IF YOU ARE LOOKING FOR A MORTGAGE SOON THEN READ THIS

Before you get a new mortgage read the following! Since Dodd Frank was passed in 2011 there are only 2 ways to get a mortgage: 1) Borrower Paid and 2) Lender Paid. Borrower Paid means the Borrower will pay the commissions (which are negotiable) to their Mortgage Broker. Ancillary fees CAN be added such as processing or application fees so beware. A lower rate can be obtained IF the Borrower thinks it best to pay these fees. Lender Paid means the Lender will pay the Mortage Broker and the commissions paid are built into the rate the Borrower gets.With Lender Paid, no ancillary fees...

February 14th, 2019 | OBTAINING A MORTGAGE SOON-READ THIS FIRST!, IF YOU ARE LOOKING FOR A MORTGAGE SOON THEN READ THIS

What is the Right Mortgage for Buying a Fixer-Upper?

You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Not to worry - this is not a hopeless situation. Fortunately, there are two types of mortgage loans available for just this scenario:  The Federal Housing Administration (FHA) 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage. FHA 203(k) Mortgage The Federal Housing administration has provided a home loan that allows buyers to borrow enough money to cover the price of the home plus the estimated...

February 13th, 2019 | FHA Loans, Purchasing a Home, What is the Right Mortgage for Buying a Fixer-Upper?

GET PRE-QUALIFIED NOW FOR YOUR HOME PURCHASE

 LET DIVERSIFIED MORTGAGE BROKERS HELP YOU GET READY TO PUT AN OFFER IN ON THAT NEW HOME. BE PREPARED SO SOMEONE ELSE DOES NOT GET THERE FIRST.   Lynchburg’s oldest mortgage broker with 30 years of experience. Call us at 434-237-3143 or email us at dbi4009@aol.com. Web: www.diversifiedmortbrokers.com. 100 Copley Place Ste. D Lynchburg, Va, 24502

January 24th, 2019 GET PRE-QUALIFIED NOW FOR YOUR HOME PURCHASE

PLANT THE SEED AND THE TREE WILL GROW

PLANT THE SEED-THE TREE WILL COME. As the new year unveils, many have heeded my recommendation and booked a time to come in and start the pre-qualification process.Even the best clients have small details that need to be overcome in order to help guarantee the ease of their mortgage loan approval. Others may need a little tweaking for a purchase and still others need special guidance that might require a few months of action to get them to the success level. IF you know a family member or a friend who wants to purchase a new home soon, encourage them to give me a call and let me do my magic....

January 23rd, 2019 PLANT THE SEED AND THE TREE WILL GROW

First-time Homebuyers should avoid these 5 Mistakes

Buying a home for the first time is a very exciting adventure, but as with any new experience it can be easy to make plenty of mistakes. In order to make a satisfying purchase, try to avoid these 5 big first-timer blunders. 1. Get Pre-Approved before looking for a home If you are truly ready to make a home purchase, start with first things first. Contact Diversified Mortgage Brokers to get pre-approved for a mortgage. This will give you a good idea of how much home you can afford and it will make you a viable buyer when you find the right house. Otherwise, you run the risk of falling in love with...

January 16th, 2019 | Purchasing a Home, First-time Homebuyers, Preapproval, First-time Homebuyers should avoid these 5 Mistakes

PRE-QUALIFY FOR YOUR HOME PURCHASE IN 2019

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January 2nd, 2019 | PRE-QUALIFY FOR YOUR HOME PURCHASE IN 2019, PRE-QUALIFY FOR YOUR HOME PURCHASE IN 2019

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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: dbi4009@aol.com | NMLS ID# 188675 (www.nmlsconsumeraccess.com)
http://www.diversifiedmortbrokers.com/

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