Welcome to Black Diamond Mortgage! What to Expect in a Mortgage Transaction Here are some important things to know about the process that will last typically between 2-5 weeks, depending on your contract and the complexity of your transaction: ***Please read our Identity Theft Education Page to learn how to keep your own information safe.
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
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
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 email@example.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
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