by Michael DiVita | Jan 4, 2015 | Uncategorized
We all acknowledge referrals are a mainstay for you, the real estate agent. But despite your best service, you can be torpedoed by your mortgage broker and the client can walk away with a bad taste in his mouth. It happens more times than you should accept. The...
by Michael DiVita | Jan 2, 2015 | Uncategorized
A One Minute Tutorial on the What and Why of Mortgage Insurance Many borrowers ask us at DiVita Home Finance, “What is mortgage insurance and why do some loans require it and some do not?” Mortgage insurance is required on all low down payment loans. It insures the...
by Michael DiVita | Jan 2, 2015 | Uncategorized
The Fed recently announced short term interest rates will stay put near zero. The board will be “patient” and rates will remain low “for a considerable time.” Chair Janet Yellen confirmed no change in the first quarter of 2015. Many economists believe interest may...
by Michael DiVita | Jan 2, 2015 | Uncategorized
Senate bill extends critical mortgage deductions! With the holidays at hand and tax season ahead, mortgage deductions are no white elephants. We think your clients will thank you to learn about a recent Senate bill that extended critical mortgage deductions one year...
by Michael DiVita | Jan 2, 2015 | Uncategorized
To incentivize the housing market, Fannie Mae and Freddie Mac laid out guidelines for a 97% LTV (loan to value) fixed rate mortgage. It breaks the market wide open to millennials, those born in 1982 and the two successive decades. They have been renting rather than...
by Michael DiVita | Oct 27, 2014 | Uncategorized
Getting a mortgage these days can seem like a daunting task. Between the stricter lending standards and the lack of loan options, getting a tricky mortgage done can seem impossible. I am not talking about the standard cookie cutter mortgage for a good credit score,...