Hear Maria Phelps and our new loan officer, Matt Rizzolo, explain the multiple ways Black Diamond Mortgage can get your loan approved through different underwriting systems. Some recently experienced Fannie v Freddie differences: – Different debt to income ratio approvals – Different property analysis (private road maintenance agreements, water systems, condominiums (condos), shared wall agreements)
Is your savings balance a little low these days? We have zero down options for your home purchase! Just bought a new car or truck and now you can’t afford a down payment on a house? You might be able to borrow against an asset, or use gift funds from family to help with your
Check out Dave Boye of Black Diamond Mortgage enjoying a Saturday skiing near Glacier National Park. These guys are just worried about pow skiing – you didn’t hear them say they are worried about mortgages. That’s what we do! We worry about mortgages so you don’t have to!
Course Outline The Cost of Poor Credit 3 Major Categories of “Credit Condition” Accurately know your credit What a creditor needs to loan to someone who has made mistake(s) Precision Credit Group (http://mortgagecreditfix.com/ ) Technical stuff Q&A The Cost of Poor Credit Delayed purchases Higher Interest Rates Ability to buy nicer homes / cars /
This month is Fix Your Credit February. This month we are doing classes on how to fix your credit with credit repair specialist Ryan Keip of Precision Credit Group. We’ve all made mistakes. We can get loans for people that have made mistakes. If you’re worried about whether or not you can get a mortgage
Course Outline JUMBO MORTGAGES – Introduction Do you actually need a JUMBO mortgage? Try to work with what you know JUMBOS are different (Why are they different?) Different ways of funding JUMBOS – Sources Property Valuation (Collateral) – Appraisal considerations QM vs NON-QM (underwriting regulation) Asset rich, but “income poor” JUMBO- Pre-Approval vs. Underwriting
We have a new office location at 106 2nd Street East in Whitefish! And it’s JUMBO JANUARY. Jumbo means any loan over $453,100. What do you need to know about jumbo loans? Jumbos are DIFFERENT. Everything you know about closing regular loans is different when you get into the jumbo world. The borrowers are
We broker one-time close construction loans for Conventional, FHA, USDA Rural Development, and VA with the same down payment requirements!
David and Daisy are here with some big news about the NEW MAX LOAN AMOUNT and APPRAISAL WAIVERS. Fannie Mae and Freddie Mac have just raised their old loan limit for conventional loans! The old max was $424,100, and the new max is $453,100. What this means is that people can borrower more money. There
Here is Danelle Connors of Black Diamond Mortgage talking about dropping your PMI (private mortgage insurance)! Today we are talking about dropping your PMI. We are always looking for ways to cut our spending. When did you buy your home? Are you ready to drop your PMI so you can put more towards principle? If