Blog of Black Diamond Mortgage Corporation in Whitefish Montana. Catch the latest happenings and updates in the Mortgage Industry especially in the Flathead Valley area and all of Montana.

Day 1 Mortgage Approval Certainty- Better than a Rocket!

The best way to get a purchase offer accepted, is with a convincing loan approval! Some lenders are advertising “rockets” and suggesting that anyone can just push a few buttons to receive a loan approval.   Black Diamond Mortgage Corporation IS partnered with wholesale mortgage lenders that DO offer a digital underwriting approval that eliminates

Don’t celebrate before the buzzer.

Have you ever experienced the last 3 minutes of a game? It could be any game. Even a game that doesn’t have time constraints. It could be the last inning, race, 20 meters…. I am referring to the moment when you could either give up, or keep pushing forward…… When we look at these last

Tips to Buying your First Home

Buying a home can be either one of the best or worst decisions you ever make and when you decide to give it a try, it is a thought-provoking process. A process that some people may have a hard time understanding. Last year, we bought a home. When you have 2 eager kids, it is

How Interest Rates Work

Many people are surprised when they learn how mortgage interest rates are determined. Most people understand the fundamental principle: the lowest interest rates cost more to obtain and the higher interest rates cost less. The graph above shows how you can obtain rates where there are “no real costs” (often absorbed by the lender offering

Qualifying / Pre-Qualifying for Mortgages

  At Black Diamond Mortgage Corporation, we receive a lot of requests for loans. Many times people wonder how the decision is made to approve or deny their loan application. While there are thousands of pages of guidelines used in determining the quality of a borrower’s loan application, there are 3 categories of important criteria

Is a short sale better than a long sale?

Don’t we all want a short sale?        Well, not necessarily… it depends… by guest blogger:  Jill Carter-Jones Broker, Realtor, e-Pro, Short Sale Certified jill@jillcarter-jones.com What is a short sale? A short sale is the process that occurs when a lender or bank agrees to accept less money for a property than the amount that is

Noah’s Ark-Underwater Mortgages

Yes, in Noah’s time, EVERYTHING was under water. Today, half of homes in some cities are underwater. This means that the homeowner’s mortgages are larger than the current home value. Since 2009, the government has created programs to refinance underwater homes. Black Diamond Mortgage Corporation is in partnership to deliver many of these loan programs and can

Credit Repair

Is your credit affecting your loan approval? Is your interest rate on your mortgage going to be affected by your credit score? If you have not seen your credit score in a while, we are happy to inform you of your credit information as part of our standard loan application process. Often, we are able