The Delaware State Housing Authority offers the Delaware mortgage revenue bond program to assist Delaware First Time Home Buyers. They offer a 3% grant for down payment assistance with one of the programs. The funds for 2009 have run out on this program so Delaware home buyers can no longer receive the 3% down payment… Continue Reading
Monthly Archives: October 2009
Delaware First Time Home Buyer Seminar – November 21, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday October 24, 2009 at 10:00 AM and again at 1:00 PM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of… Continue Reading
Common Delaware First Time Home Buyer Mistakes
Common Mistakses made by Delaware First Time Home Buyers 1) They don’t ask enough questions of their realtor and end up missing out on the best deal. 2) They don’t act quickly enough to make a decision and someone else buys the house. 3) They don’t find the right agent who is willing to help… Continue Reading
Delaware FHA Loans Going to 5% Down Payment?
Some congressmen are becoming more concerned about the Federal Housing Administration’s financial plight and they want to increase FHA’s downpayment requirement to 5%. Rep. Ed Royce, R-Calif., said FHA is operating at the same dangerous leverage ratios that led to the takeover of Fannie Mae and Freddie Mac. Rep. Scott Garrett, R-N.J., said he has… Continue Reading
Analysis of Delaware Subprime Loans
The following analysis was from the Federal Reserve Bank of New York report from January 2009 Delware Borrowers were more likely to have provided full documentation with their loans. 77.1% versus 67.6% nationally. Delaware Borrowers had a lower average FICO score of 608 compared to the national average of 617. 45.1% of subprime borrowers had… Continue Reading
Delaware Mortgage Rates – Friday October 16, 2009
This is my daily advice on locking or floating your Delaware Mortgage Rate for Friday October 16, 2009. Mortgage rates have steadily increased since hitting record low last Friday. The mortgage bond lost some 120 basis points since last Friday causes mortgage rates to increase. Rates are still near historic lows but the pressure is… Continue Reading
Delaware Michael Castle Announces Run for U.S. Senate
U.S. Representative Michael Castle made his accounced to run for U.S. Senate on October 6, 2009 at a press conference. He will be running for Vice President Joe Biden’s former Senate Seat. The current senator Edward Kaufman said he will not run for election when he was appointed by Former Governor Ruth Minter. Castle believes… Continue Reading
Delaware First Time Home Buyer Seminar – October 24, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday October 24, 2009 at 10:00 AM and again at 1:00 PM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of… Continue Reading
Free Delaware First Time Home Buyer Seminar – October 10, 2009
There will be a Free Delaware First Time Home Buyer Seminaron Saturday October 10, 2009 at 10:00 AM and again at 1:00 PM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying… Continue Reading