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PREPARING FOR A HOME PURCHASE

Preparing for a home purchase is important, even if you have had experience with home purchases in the past. The laws and regulations have changed and the Dodd Frank Act made sweeping changes to the industry, so what used to be is not the same today. How an interest rate is determined, how a Mortgage Broker is paid, the rules on getting an appraisal done, the required mortgage loan paperwork and deadlines in getting this paperwork to the Lender, are just a few of the numerous changes involved with getting a mortgage loan. I recommend to everyone that you come in and get a 30-60 minut...

February 16th, 2018 PREPARING FOR A HOME PURCHASE

Get Ready To Purchase Your Home NOW

Get ready to purchase your home NOW! Interest rates are on the way up and for each .25% added to the rate for a $100,000 loan equates to about $14/ mo. more in payment for a 30 year loan. Typically as we get closer to Spring, rates will increase due to supply and demand, not to mention the rise in rates due to a booming economy. We are in a Seller's market, as the inventory of homes is very low, especially for the $175,000 and below price range.If a home is listed and is in good shape, it seems to be scarfed up very quickly. A potential Buyer must be ready and willing to act or they w...

February 2nd, 2018 Get Ready To Purchase Your Home NOW

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)
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