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Can I Qualify for Down Payment Assistance?

One of the biggest obstacles to homeownership is coming up with enough cash for a down payment. When your own savings are not adding up quickly enough and you don’t have a rich uncle to tap for an early inheritance, you may find some help in a down payment assistant programs. Down Payment Assistance Programs Many state and local governments as well as local lending institutions and non-profit organizations have created down payment assistance programs because of their vested interest in helping residents and fellow community members become homeowners. Those who own homes are likely...

April 10th, 2019 | Purchasing a Home, First-time Homebuyers, Can I Qualify for Down Payment Assistance?

5 Things to Do After Your Mortgage Closes

After sitting down at the mortgage closing table to sign all the paperwork, you get the keys and can breathe a sigh of relief. But before you tuck all those mortgage papers away for good, there are at least 5 things you still need to do after closing to make sure everything is on track. 1. Figure Out the Start Date of the First Payment Your lender or title company should have let you know this important fact before or at closing, but with so many papers and numbers being thrown at you, it might get missed. Your escrow account often requires enough money from you at closing to cover ...

March 13th, 2019 | First-time Homebuyers, Purchasing a Home, Refinancing a Home, 5 Things to Do After Your Mortgage Closes

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

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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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