6 Easy Ways to Improve Your Credit Score

With all the different kinds of information that credit scoring models incorporate, numerous tactics for improving scores are available. However, any action to improve a credit score must be taken judiciously: some actions aimed at improving your score may actually make it worse.   Many individuals reap significant benefits by properly employing these simple FICO

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