A Mortgage Broker With Variety And Service

Are you tired of losing deals because your Mortgage Broker can not get the deal done? Well, perhaps it is time to add additional resources to your arsenal. DIVERSIFIED MORTGAGE BROKERS has serviced Virginia for over 25 years and we offer great service,which includes low rates, quick closings, constant communication along the loan process, and low Broker Compensation which means the lowest rates for your clients. Yes, we do the Preferred conventional, FHA, VA  and USDA....BUT we also offer FHA down to 530 scores, ( 580 scores needed for doublewides), USDA and VA down to 580 scores ( 580 sc...

October 10th, 2014 A Mortgage Broker With Variety And Service

The Realtor/ Mortgage Broker Relationship

The relationship between the Realtor and Mortgage Broker is critically important to all involved in the home buying process. I do NOT mean the Mortgage Broker who takes by cookies or doughnuts to the Realtors trying to win their business. I mean a Mortgage Broker that can display to the Realtor and Borrower : trust, straight forward talk, constant communication, product and industry knowledge, product variety, niche product availability, quick closings, and MOST importantly,getting the deals done.  With over 25 years experience serving Central Virginia, DIVERSIFIE...

October 4th, 2014 The Realtor/ Mortgage Broker Relationship

Referrale are the key

Referrals are the key to longevity. Are you getting your share? If not, have you considered your actions with your clients? were you sympathetic to their needs? Were you humble or did you act like you were better than they? Did you REALLY try to guide them the very best you could, and continually keep them informed along their home buying and loan process? Were you upfront and w/o any sugar coating? Did you thoroughly explain all the paperwork and the process so they felt comfortable? Did you ask the clients IF they were happy with you performance? Then you may ask to be referred to others tha...

September 27th, 2014 Referrale are the key

Credit Scores Are So Important

Do you REALLY have any idea just how important credit your scores are? In todays world your scores can make or break you when it comes to being approved to buy most anything. There are 3 major credit bureaus and each one is affiliated with a scoring company. Eqifax scores from 300-850, TransUnion scores between 336-843, and Experian scores between 300-900. Your scores are determined by 5 major factors : Payment history comprises 35% of your score, Amounts owed 30%, Length of credit history 15%, Types of credit 15% and New lines of credit 10%. After accounts have been reporting f...

September 19th, 2014 Credit Scores Are So Important

Credit Scores And The Relationship To Interest Rates Offered

Do you REALLY know the effect credit scores can have on the mortgage rate for which you can qualify? The highest credit score category is 740+, and the categories below are in 20 point drops, like 720-740, and down to 620-640 for Conventional Fannie Mae and Freddie Mac loans. If you are doing a loan for more than 15 years ( 20,25, or 30), a chart is used to determine how much extra costs are added to the rate, or closing costs if you would rather pay the extra fees. For example, a Borrower putting down 5% ( 95% LTV) and having a 740+ score would incur .250% extra, where as a Borrower witha 620...

August 30th, 2014 Credit Scores And The Relationship To Interest Rates Offered

Many Homeowners Still Need To Refinance

Want to refinance your mortgage while rates are low, and scared that your home will not appraise like it did when you purchased it, or did your last refinance? If you did your last loan before 5/31/09, you can still refinance, get excellent rates, and your home does not have to appraise like before. Many people are still sitting on 5%+ loans that should be taking advantage of refinancing to lower rates. Why would anyone not want to save on % and lower their payments? Give us a call-Diversified Mortgage Brokers, Tel: 434-237-3143, Email:, Web: ...

August 16th, 2014 Many Homeowners Still Need To Refinance

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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