Mortgage insurance is required on all FHA loans and on Conventional loans where there is less than 20% equity. This covers the Lender's risks. FHA charges the client with two forms of mortgage insurance. There is a 1.750% upfront mortga
Jan 24, 2015 |
Credit scores can make or break a deal, BUT perhaps not as much as you have been led to believe.Yes, most lenders want a 640 score or better for their Conventioanl,FHA,USDA,or VA approvals,BUT there are lenders that will approve the buyer with less attrac
Jan 17, 2015 |
THERE ARE 3 IMPORTANT ANNOUNCEMENTS THAT WILL EFFECT YOU: 1) THE WHITE HOUSE IS PREPARING TO DO AN EXECUTIVE ORDER TO CUT FHA PREMIUMS BY 50 BASIS POINTS (this will allow less fees for a FHA loan and allow more buyers), 2) USDA IS CHANGING THEIR ELIGIBILI
Jan 09, 2015 |
Are you tired of losing deals that never close? Make 2015 different! You need a CENTRAL VIRGINIA Mortgage Broker with 26 years experience--that offers MORE= GIVE US A TRY. What is different you ask? 1) Straight talk w/o false promises and hype, 2) Co
Jan 02, 2015 |
As we get ready for the 2014 Christmas hoopla, lets give thought for all we have, all we love, and the "REAL" meaning of CHRISTmas!!!! I hope all of you have the best CHRISTmas ever and a Happy New Year ! Diversified Mortgage Brokers,Tel: 434-23
Dec 19, 2014 |
2015 Mortgage Rate Forecast: Many of the portfolio managers expect rates to move higher next year but not too dramatically. Keeping rates in check are: the uneven growth in the economy,declining inflation expectations, and uncertainties in the labor marke
Dec 06, 2014 |