What Makes A Great Mortgage Broker?

What makes a great Mortgage Broker? First, one who will educate the Borrower on the entire loan process so that they feel 100% comfortable.2nd, One who will keep the Realtor, Title Comapany and Borrower abreast of the loan's progress along the way; and quickly get the loan sunmitted and the conditions satisfied with the Underwriter so the loan can get to closing.3rd, a person who will be up front w/o any cinderella stories on the loans chances, and who will tell it like it is.4th, an individual who knows the business and how to coordinate the Borrower, Appraiser, Title Firm and Lender to m...

February 18th, 2017 What Makes A Great Mortgage Broker?

Easy Come Easy Go With FHA Revisions

The New FHA revisions to the lower monthly mortgage insurance costs have been taken away before they were to take effect 1/27/17. POTUS Trump and his cabinet has decided to freeze all such reductions that would have cost the Government more money, and thus the expected lower mortgage insurance premiums are gone until further notice. We will have to see what effect this has on home purchases in 2017. For your mortgage needs, call on us at Diversified Mortgage Brokers, serving Central Virginia and beyond for 28 years. Tel: 434-237-3143, Email:, Web: www.diversifiedmortbroker...

January 27th, 2017 Easy Come Easy Go With FHA Revisions

New Mortgage Loan Revisions To Stimulate The Market

2017 has opened with new revisions in the mortgage market to hopefully stimulate the market and allow more homes to be sold and get financing. USDA has lowerd its up front guarantee fee from 2.750% to 1.00% and its monthly USDA fee from .50 % to .35 % of the loan amount. Conventional loans have increased the maximum loan amount to $424,100 from $419,000 which was the max. in most areas. FHA and VA has increased their maximum loan to $271,050 in most areas. These moves are just a few of the new revisions introduced for the 2017 market and these revisions should increase sale...

January 6th, 2017 New Mortgage Loan Revisions To Stimulate The Market

The Trump Effect On The Mortgage Market

The Trump effect on the financial markets is overwhelming! The doom and gloom projected has turned out to be anything but. The stock market has increased to record highs and the consumer's trust seems to have increased as well. With all of this enthusiasm is the effect on the mortgage interest rates which have increased about 1/4%.This may continue, so it would be wise to act now on a new purchase or refinance. For the best service and rates in Virginia for 30 years, give us a call at Diversified Mortgage Brokers- Tel.:434-237-3143, email:, web: .

December 2nd, 2016 The Trump Effect On The Mortgage Market

Mortgage Loan Market Post Election

The election is over-thank God! Everyone did survive, although emotions run high. The stock market is great, and the mortgage market is wonderful. Rates are still very low and before that changes, home buyers and home owners should give serious attention to locking in on a new purchase or refinance.The Feds have not pulled the trigger on raising rates... yet, so now is the time to act, as the enevitable hikes will come. Let Diversified Mortgage Brokers help you in your quest for the best rates and service available. We dominate in Virginia aftyer 30 years, and we can be reached by te...

November 11th, 2016 Mortgage Loan Market Post Election

Which Mortgage Loan Type Is Best ?

Are you in need of a mortgage loan and do not know which type loan would be best for you? If you are a veteran, then a VA loan is hard to beat, but if you are not, then in most cases you will choose between a Conventional, FHA, or USDA loan. USDA can allow $0 down which is very attractive, and USDA does not have mortgage insurance involved, so with little or no $ down this would be the best bet with the following restrictions: 1) the home must be in the County, and 2) the total household income must be under the USDA county threshold, 3) USDA does have an up front USDA fee ...

October 21st, 2016 Which Mortgage Loan Type Is Best ?

Diversified Mortgage Brokers

100 Copley Place, Suite D, Lynchburg, Virginia 24502
Toll Free: 800-388-3561 | Phone: 434-237-3143 | Fax: 434-239-4852
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