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

Traditional Mortgage Insurance Or Lender Paid Mortgage Insurance For Conv. Loans

For Borrowers who are using Conventional loans and do NOT have 20% down or 20% equity, there is the need for mortgage insurance. But there are two choices and it depends on certain factors as to which is best for that Borrower.1) Traditional mortgage insurance is paid by the Borrower and the price for the mortgage insurance is based on: the loan size, zip code, credit score, and down payment or equity involved. Once 20% equity is built ( 80% of the appraisal or original purchase price), the mortgage insurance can be REQUESTED to be dropped, BUT it will automatically come of...

August 6th, 2014 Traditional Mortgage Insurance Or Lender Paid Mortgage Insurance For Conv. Loans

What does your Mortgage Professional REALLY do for you?

Are you REALLY getting the A+ treatment from your Mortgage Professional: Are you kept abreast of changes in the industry? Do you offer the best rate for your clients? Are you kept informed every few days of the status during the loan process? Are you dealt with honestly or just told what you want to hear? Are there a variety of loan products including niche products to get your loans closed? Isn't it time to see what else is available? DIVERSIFIED MORTGAGE BROKERS  WILL make a difference! Not just talkbut FACT! Give us a call and see. Tel: 434-237-3143, Email:, We...

July 25th, 2014 What does your Mortgage Professional REALLY do for you?

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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