by Michael DiVita | Jul 29, 2014 | Mortgage Education
Synonymous, in a way. They both secure home loans. A mortgage banker works for a specific bank. He offers the products from that bank’s portfolio only. A mortgage broker is independent and affiliated with many lending institutions including large national,...
by Michael DiVita | Jul 29, 2014 | Mortgage Education, Refinancing
Underwater may not mean, out of luck! If you find yourself underwater on your mortgage you may be able to find some relief by refinancing with a HARP 2.0 loan. A traditional refinance path isn’t typically attainable when a home’s value is lower than the current loan...
by Michael DiVita | Jul 29, 2014 | First-Time Buyers, Mortgage Education
Our Easy to Follow 4 Step Homebuying Process Step 1: Select your Team Real Estate Team and Get Pre-Approved for a Mortgage Selecting a Real Estate Agent, a Mortgage Broker and obtaining pre-approval is an important first step. Get pre-approved early! We cannot stress...
by Michael DiVita | Jul 25, 2014 | Mortgage Education
Do You Know How Much the Bank Makes on Your Mortgage? Compare a 15 Year and a 30 Year Fixed Mortgage. The most obvious advantage of a 15 year fixed rate mortgage over a 30 year is to own your home in half the time. But, it’s more complicated. Here are facts you...
by Michael DiVita | Jul 18, 2014 | Mortgage Education
DiVita Home Finance is a California business that provides mortgages for individuals and families in California. But in this economy, many homeowners and renters face a crisis that goes beyond housing needs, hunger. For them, we support the California Association of...