Primary Residential Mortgage is a Delaware Mortgage Company providing Delaware Mortgage Loans, Delaware Mortgage Rates, and Delaware First Time Home Buyer Programs from a Local Mortgage Planner You Can Trust. 302-703-0727 Phone
Delaware mortgage rates weekly update for week of February 20, 2012 by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.
Delaware mortgage rates ended last week higher after some good economic news and a hot reading on inflation. The good news helped push the stock market higher pulling money out of the bond market which moved mortgage interest rates higher. The good news released last week included the following:
Better than expected housing starts
Weekly Jobless Claims fell by 13,000
Retail Sales Rose in January by 0.4% – double what was expected
The Consumer Core Price Index came out much hotter than expected which is a measure of inflation. Inflation is bad for bonds as it causes the bond to lose value so rates must go up to battle inflation. The trend for rates is not on a path higher so I would recommend LOCKING your Delaware mortgage interest rate.
If you would like to have free mortgage planning appoinment for the purchase or refinance of a home loan then call 302-703-0727 or APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783 Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
How can you check to see if your Delaware loan officer is licensed to do business as a loan originator and even if they are licensed to do business in Delaware? It is real easy to check, every loan originator is required to have a loan originator license number with the National Mortgage Licensing System (NMLS). You can look up anybody at the following website:
You should always check to see if a loan officer is licensed and they should always be able to provide you with their NMLS number. For example, my NMLS is 38783 so you can look me up by name or NMLS number. Once you find me, it will tell you what company I work for, what states I am licensed to do business in and if my licensed is active or expired. See below for picture from NMLS consumer website:
If you would like to apply for a Delaware mortgage to purchase or refinance a home in Delaware call 302-703-0727 or APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783 Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
Each participate will receive a Free Credit Scoring Handbook, Free Home Buying Handbook, and an opportunity to meet with a certified mortgage planner to be pre-approved to buy a home at the seminar. You will also learn importance of credit in buying a home and learn valuable tips on how to improve your credit score. Learn what programs are available to help with down payment and closing costs. The new loan limits for conventional and FHA will be covered as well as changes to borrowing 100% financing.
The Seminar is being held at The Seminar is being held at The Christiana Hilton Hotel at 100 Continental Drive, Newark, DE 19713 from 10:00 AM till 12:00 PM and a second session from 1:00 PM till 3:00 PM. To register for the seminar, please call 302-703-0727. You can also e-mail me at jthomas@primeres.com. You can register online by clicking the Registration link below:
APPLY ONLINE today to be pre-approved for a mortgage to buy your first home in Delaware.
John R. Thomas
Certified Mortgage Planner – FHA, VA & USDA Specialist – NMLS – 38783
Primary Residential Mortgage, Inc.
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 DE Office
610-906-3109 PA Office
410-412-3319 MD Office http://www.prmidelaware.com/
Town of Elsmere Delaware repeals the first time home buyer transfer tax credit was repealed on February 9, 2012 by the Mayor of the town of Elsmere and the town council and is effective immediately. The transfer tax in Delaware is 3% of purchase price which is split equally between the state of Delaware and the county. If the property is in a township, municipality, or city then the county portion of the transfer tax is collected by that entity. New Castle County, Kent County, and Sussex County all waive the transfer tax for first time home buyers if property is in the county alone. The Town of Elsmere had been giving the waiver as well until Thursday February 9, 2012.
In a real estate transaction in Delaware the transfer tax is typically split equally between the buyer and the seller. So 1.5% to the buyer and 1.5% to the seller. The buyer’s portion which is 1.5% is split equally between the state of Delaware and the county. So that is 0.75% tax credit for first time home buyers in the county. So now first time home buyers in the town of Elsmere will have to pay this fee. Here is an example how much more this will cost a first time home buyer in the town of Elsmere.
Purchase Price = $150,000
Total Transfer Tax 3% = $4,500
Buy Portion 1.5% = 2,250
Elsmere portion 0.75% = $1,125
So in this example the first time home buyer would be paying $1,125 more to purchase this home in Elsmere because of the repeal of this transfer tax credit.
Primary Residential Mortgage is the number one mortgage lender in the state of Delaware. Primary Residential Mortgage is a mortgage banker that is located at 248 E Chestnut Hill Rd, Newark, DE 19713. Call 302-703-0727 to schedule a free mortgage planning consultation for the purchase or refinance of a home in Delaware or you can APPLY ONLINE.
Introduction to Primary Residential Mortgage by John R. Thomas
Primary Residential Mortgage Originates, Processes, Underwrites, and Funds all of their own loans. PRMI provides all of the loan options available today in the market which include the following:
Delaware Morgage Rates Weekly Update for February 13, 2012 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.
Delaware mortgage rates weekly update by John R. Thomas
Delaware mortgage rates have started the week slightly higher as bond market has sold off last week and started a downward trend. When bond prices move down mortgage interest rates move up. The stock market has been having a great start to 2012, S&P is up 7.5% year to date as of February 10, 2012, this has taken money out of the bond market causing home loan rates to rise from historic lows.
Big news is the Federal Government annouced a landmark case agaisnt 5 largest banks that has set a 25 Billion Dollar settlement agreement for Foreclosure Abuses from 2008 till December 2011. Most of the settlement money is to be used to help underwater homeowners who are current on their mortgages. No details have been released as of yet.
I would recommend locking in your Delaware mortgage interest rate if you are closing in the next 30 days as mortgage rates could be pushed higher in the short term. If you would like to schedule a free mortgage planner consultation by calling 302-703-0727 or you can APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727
Six Reason Why Now is a Perfect Time to Buy a Home in Delaware by John R. Thomas from Primary Residential Mortgage and Jeff Garvey from Keller Williams Realty. Call 302-703-0727 to get qualified for a mortgage to purchase or refinance a home in Delaware. You can also APPLY ONLINE.
Six Reasons Why now is a Perfect Time to Buy a Home in Delaware
Reason 1 -Homes have never been more affordable
Reason 2 – Mortgage Rates are at all time historic lows
Reason 3 – Sellers are motivated to sell their homes
Reason 4 – Lenders are back in the game
Reason 5 – Owning is Cheaper than Renting
Reason 6 – Homeownership is still the American Dream
If you would like to apply for a mortgage to be pre-approved to purchase or refinance a home in Delaware call 302-703-0727 or you can APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
Primary Residential Mortgage in Newark, Delaware is proud to annouce that Chris Rowe (NMLS 143755) has been hired as a Mortgage Planner and Realtor Educator. Chris brings a wealth of mortgage industry knowledge and experience and PRMI is looking forward to partnering with Chris to help grow the Newark, Delaware branch.
Chris Rowe is recognized as the local expert on FHA 203k Rehab loans and Fannie Mae Home Path Renovation loans. Chris is bringing his knowledge and experience of working with distressed properties to Primary Residential Mortgage to help home buyers and realtors purchase homes that don’t qualify for traditional financing.
Chris Rowe will also be helping expand the very successful Monthly First Time Home Buyer Seminar series that PRMI runs every month in Newark, Delaware to the Dover area. You can get more information on the monthly seminars at www.DelawareHomeBuyerSeminar.com
The branch manager and author of the book Your Guide to Buying Your First Home in Delaware, John R. Thomas was quoted as saying “We are very happy to have Chris Rowe join us at PRMI. Chris will add his unique skills as an innovative marketer and realtor educator to our track record of educating home buyers and ensuring loans close on time.”
If you would like to apply for a Delaware home loan you can call 302-703-0727 or APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
Delaware Mortgage Rates weekly update for week of February 6, 2012 by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 to get a free mortgage consultation or APPLY ONLINE NOW.
Delaware mortgage rates have started the week higher because of unexpected increase in the nonfarm payroll at 243,000 jobs created versus the 170,000 expected. This was good news so the stock market rallied pulling money out of the bond marketing causing interest rates to rise. Delaware mortgage rates are still near all time historic lows so now is a great time to purchase a new home in Delaware or refinance your current mortgage loan.
I would recommend LOCKING your Delaware mortgage interest rate if you are closing in the next 15 days as rates could rise more in the short term. If closing in more than 30 days I would Float my mortgage rate. If you would like a free mortgage consultation please call 302-703-0727 or you can APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
Delaware mortgage rates weekly update for January 30, 2012 by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 for a free mortgage consultation if you are planning to purchase or refinance a home in Delaware or APPLY ONLINE.
Delaware mortgage rates touched all time lows again when the mortgage bonds were tradered to all time record high on the news that Europe punted on fixing the debt concerns, Federal Reserve extend forecast for low rates from 2013 to end of 2014 which signals economy is not expected to rebound anytime soon, and the GDP report showing only a 2.8% versus the expected 3.2%.
Now is the best time in history to purchase a home or refinance your current. I would recommend LOCKING your Delaware mortgage rate if you are closing in the next 30 days. Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE NOW.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
Delaware Mortgage Company Primary Residential Mortgage Primary Residential Mortgage is a Delaware Mortgage Company providing Delaware Mortgage Loans, Delaware Mortgage Rates, and Delaware First Time Home Buyer Programs from a Local Mortgage Planner You Can Trust. 302-703-0727 Phone.
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John R. Thomas:
I am a Delaware native who has been actively involved in the Mortgage and Finance industries for over 10 years. Call me at 302-703-0727 APPLY NOW
I am a Delaware native who has been actively involved in the Mortgage and Finance industries for over 10 years. Call me at 302-703-0727