• Mortgages

• Refinancing

• Home Loans

• Debt Consolidation

• Credit Card Debt

• 125% Loans

• Equity Line of Credit

• VA Loans

• Bad Credit Mortgages

• Bankruptcies

• Land Contract Payoffs

• Lower Rate Mortgage

• Home Improvements

• First Home Buyers

Mortgage FAQ's (Frequently Asked Questions)

 

1. Can Diamond Mortgage give me a home loan with bad credit?
2. Is it safe to do mortgage business over the internet?
3. How long does it take to respond to my mortgage quote request?
4. Does Diamond Mortgage charge a broker fee?
5. Do mortgage brokers charge more than banks?
6. What are some of the costs involved with mortgages?
7. Can I borrow more than the actual value of my home?
8. Do I have enough income to purchase a home?
9. Should I pre-qualify before home shopping or after?
10. Where can I find additional information on mortgages?

1. "Can Diamond Mortgage give me a home loan with bad credit?"
   Sometimes, yes, we can.  However, at Diamond Mortgage, we insist on discussing with the customer our honest opinion on whether it would be a good idea to do so or not. In some cases, the customer may have flaws in their credit that may not be of much effect. In other cases, it is just the opposite. There are many lenders willing to lend to people with bad credit at a very high interest rate. We would rather tell you that waiting a little longer to fix your credit up would be a better choice than just give you a super high rate loan.  We are not allowed to discuss any details of your credit report with you if you decide to apply, however, we can supply you with the resources to start the credit repair process. Try visiting our "Credit Learning Center".
    
2. "Is it safe to do mortgage business over the internet?"
   The information that we ask for in our quote is of little use to any criminal activity.  We don't ask for information such as social security number.  We simply try to familiarize ourselves with you so that we can discuss your options.
    
3. "How long does it take to respond to my mortgage quote request?"
   Generally, a loan officer should be in contact with you within 24 hours of your quote request.
    
4. "Does Diamond Mortgage charge a broker fee?"
   No.  Diamond Mortgage does not charge a mortgage fee as some other mortgage brokers do. Our profits come from the lenders pocket, not the customers.
    
5. "Do mortgage brokers charge more than banks?"
   No. The common myth is that mortgage brokers charge more than the banks. This is not true in many cases. As a matter of fact, working with a mortgage broker usually speeds up the closing time and gets you a better rate...saving you time and money!
    
6. "What are some of the costs involved with mortgages?"
   A good rule of thumb is to account for 3-4% of the total loan price in expenses.  These expenses include lender fees and others such as title search.
    
7. "Can I borrow more than the actual value of my home?"
   Yes. We can arrange that. Request a quote and ask about our 125% loan.
    
8. "Do I have enough income to purchase a home?"
   This is a very general question and can depend on many factors.  We recommend taking a look at our Income Requirement Calculator and asking for a free quote.
    
9. "Should I pre-qualify before home shopping or after?"
   Absolutely! We always suggest getting a free quote first to pre-qualify.  This way, you have an idea of how much you can spend.  Sometimes customers have a higher limit than what they thought.
    
10. "Where can I find additional information on mortgages?"
    We recommend checking out our Mortgage Glossary.
     

• Our financial calculators section contains a wealth of calculators for the lending process. Currently we have the following... Amortization Schedule Calculator, APR Calculator, How Much Can I Afford Calculator, Income Requirement Calculator, Quick Loan Calculator, Loan Length Calculator, Monthly Payment Calculator, Payment Table Calculator, and Effects of Prepayment Calculator. More are added frequently so check back often.

• Our Mortgage Glossary can help you with a lot of that "mortgage lingo" that you might not recognize or even find out the correct spelling such as amortizations...a very commonly misspelled word! Below is other misspelled words we see quite often.
• Mortgages- morgages, mortages, morgagus, motgages, mogages, mortgags, mortgegus, mortgagus, mrtgages, ortgages, nortgages, mortgugs, morrtgages, morteges.
• Refinancing - Refinance- refinencing, refnance, refnancing, reefinance, reefinancing, refnance, refnancing, refernancing, refernance, refiancing, refiance, refinanc, refinaneng.
• Home Loans -home lones, hme loans, home lons, hom loans, hom lones.

• Frequently Asked Questions about refinancing, mortgages, and debt consolidations.

• Our Home Owner Resources page contains various links to ease the tasks with home ownership such as insurance, home builders, interior decorators, furniture suppliers and much more!

• Got bad credit...or good...or don't know? Our Credit Learning Center is filled with information to aid with credit maintenance and repair.  There is even an option to get a copy of your credit report.

Please note that we are currently licensed in Indiana, Alabama, Montana, Wyoming, Mississippi, Colorado, Tennessee, and Alaska. If you are applying for home loans, mortgages, refinancing, or debt consolidations outside of these states, you can still fill out the same quote form, however a third party mortgage or home loan or debt consolidation broker may contact you rather than us.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30