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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: dbi4009@aol.com, Web: www.diversifiedmortbrokers.com ...

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: dbi4009@aol.com, We...

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

Borrower paid OR Lender paid compensation loans

Do you know the difference between Borrower paid or Lender paid compensation for mortgage loans? The Dodd Frank Act 4/6/2011 states that a Mortgage Broker must give the borrowers the option of these two ways to proceed with their loan: Borrower paid means that the Borrower will pay the Mortgage Broker fees, and Lender paid means that the Lender will pay the Broker fees. If Borrower paid, the Mortgage Broker and Borrower can negotiate what will be charged and if any other processing, application, etc. fees will be added.If this is a purchase and the Seller is paying closing costs, these costs c...

July 11th, 2014 Borrower paid OR Lender paid compensation loans

Get your credit report before your loan

I have seen so much frustration over the years when a credit report reveals some items that hold up the loan. IF a borrower would pull their own mortgage credit report from a reliable site BEFORE they start their home purchase or refinance, a lot could be determined ahead of time.When the client pulls their own report it does NOT lower their scores BUT it could enable the Mortgage Broker to give a little advice that might save their loan needs with a little work. Suppose the Mortgage Broker pulls the client's scores and it knocks their scores down, just enough...

June 10th, 2014 Get your credit report before your loan

Mortgage rates continue to fall

Mortgage rates continue to fall this week as well and the time for purchase $ seems ideal. And for those considering refinancing to lower rates, home improvements and or debt consolidations,the timing could not be better. It is unbelievable. Give me a call and lets discuss what can be done for you. Call 434-237-3143 or email: dbi4009@aol.com or check out the web site www.diversifiedmortbrokers.com . IF YOU ARE ANYWHERE IN VIRGINIA I CAN HELP YOU !

May 29th, 2014 Mortgage rates continue to fall

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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