What is a DIY Mortgage?

Everything is done online and allows you to receive some or all of the Loan Officer’s commission as a credit for your closing costs.  This can save you thousands of dollars on the most expensive purchase of your life.

What is the Process for a DIY?

You apply online and submit your backup documentation online. Our processing team gets you Pre-approved and notifies you of what the Underwriter/Lender can and will Approve you for.  We lock in the best rate with a HUGE credit for closing cost because you do everything online.

What is an ARM?

An Adjustable Rate Mortgage (ARM) is a loan which has a fixed rate for a designated period of time and then adjusts. For example, a 7/1 ARM is fixed for 7 years and then adjusts each year for the next 23 years for a 30 year loan. The initial rate will be lower than your traditional 30 year fixed but has increased risk long term.

What is APR?

This takes the Note Rate (your actual rate the mortgage payment is based off of) and adds the fees for points, appraisal, processing etc.  The lower the APR, the lower the fees.