What Are Closing Costs and How To Pay Them
If you’re planning to purchase a home, then most likely you’ll incur some type of closing costs. Closing costs are the fees and expenses that are paid at the closing of a real estate transaction. While...
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DML Halloween Costume Contest 2023
The Direct Mortgage Loans Pride Committee hosted a Halloween Costume Contest for our team members. Participants were invited to wear their best costumes and share a photo for a chance to win one of...
View ArticleMobile Home Loan Options: How to Finance a Mobile or Manufactured Home
Factory-built homes, such as manufactured, modular, and mobile homes, are gaining popularity. This is due to limited housing options and high home prices. Let’s delve into these housing alternatives,...
View ArticleHome Buyers Guide To Conditional Loan Approvals
What does conditionally approved mean? When you receive conditional approval, it means you’ve met the initial requirements for your loan application. Nevertheless, there are specific additional...
View ArticleWhat is an Adjustable Rate Mortgage?
Adjustable rate mortgages (ARMs) are gaining popularity among homeowners due to their unique blend of affordability and flexibility. While adjustable rate mortgages (ARMs) might work for some...
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The Pawelski Group Hosted their 7th Annual Back the Blue Event
The Pawelski Group recently hosted its 7th annual Back the Blue Event on Saturday, November 11, 2023, in Springboro, Ohio. This full-day event aimed to support local law enforcement officers and...
View ArticleDown Payment Assistance Nevada: Helping You Achieve Your Homeownership Dreams
Nevada Down Payment Assistance Buying a home is a major financial milestone, which could be challenging to save up for a down payment. Fortunately, if you’re a homebuyer in Nevada, there are several...
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Dr. Bruce Lund’s 3P Strategy for Enhanced Agent Production
Direct Mortgage Loans was honored to host Dr. Bruce Lund as a guest speaker where he presented strategies to boost agent production through the exploration of the 3P’s. With over a decade of experience...
View ArticleDifferent Types of Government Backed Mortgage Loans
What is a mortgage loan? Are you considering purchasing a home? A mortgage loan is a financial tool that can make your dream of homeownership a reality. With government mortgage loans and government...
View ArticleFHA Loan Limits 2024
What is a conforming loan? Conforming loans comply with the terms and funding criteria of Fannie Mae and Freddie Mac. Conforming loans typically have lower interest rates and are a great option for...
View ArticleMortgage Refinancing: A Step-by-Step Guide On How To Refinance A House
What does refinance mean? Refinancing a mortgage is the process of replacing your current home loan with a new one, usually to obtain more preferable conditions. The new mortgage often comes with a...
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What Is A Jumbo Loan And Who Needs One?
Just like it sounds, jumbo loans are just bigger loans. Jumbo loans can be used to purchase a home worth more than the conforming loan limit set yearly by the Federal Housing Finance Agency (FHFA)....
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Top Workplaces 2023 Award: Baltimore Sun
Direct Mortgage Loans (DML) has been awarded the Top Workplace award by The Baltimore Sun for the ninth consecutive year. The award recognizes companies in Maryland that provide an outstanding...
View ArticleDelaware First Time Homebuyer Programs
First Time Home Buyer Delaware Down Payment Assitance Programs Are you planning to buy a home in Delaware? If you are a first-time homebuyer, there are several down payment assistance programs...
View ArticleHow To Get A Mortgage Loan Pre Approval
If you are thinking about purchasing a home, the first step in the process is getting pre approved. A mortgage loan pre approval will help you understand how much house you can afford and will...
View ArticleWhat are Non QM Loans? Exploring Mortgage Alternatives
What is a Non QM loan? Non QM loans (nonqualifying Mortgage) are loans that don’t adhere to the standards set by the federal government and the Consumer Financial Protection Bureau. These loans are...
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Celebrating the Holidays With Direct Mortgage Loans
As the year comes to a close, Direct Mortgage Loans embraced the holiday spirit with a series of festivities aimed at bringing one another together for some festive fun. From creative photo contests to...
View ArticleWhat You Should Know About FHA Condominium Loans
If you are looking to buy a place but do not want the maintenance of a house, then you might want to consider a condominium. FHA approved condos make it possible to buy a unit, or multiple units, in a...
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Mortgage Interest Deduction: How to Save when Filing Your Taxes
The 2024 tax season is upon us. We want to help remind readers of the tax deductions available for homeowners. Below are a few mortgage deductions homeowners may be able to take advantage of when...
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Direct Mortgage Loans Secures Spot On 2024 Scotsman Guide Top Workplace List!
Direct Mortgage Loans is excited to share that it has secured its spot on the Scotsman Guide Top Workplace 2024 List. This year, we are proud to have secured the ranking for the first time in Direct...
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