Delaware Mortgage Loans

U.S. home values continued to slide for the eighth consecutive quarter, declining 11.6 percent from a year ago, and falling 17.5 percent since the market peak in 2006. Additionally, one in five homes sold in the past 12 months was a foreclosure, and one in six of all homeowners have negative equity. Those are the […]

If you have a Delaware FHA Loan then you could qualify for a FHA Streamline Refinance.  A streamline refinance allows you to lower your mortgage rate without verifying your income or your assets.  Your credit score or report is not checked and there is no appraisal of your property.  The only thing that is checked […]

This is my advice on floating or locking your Delaware Mortgage Rate for Friday August 29, 2008.
The Core PCE rose by 0.3% higher than we would have liked to see.  This is an indication of inflation which is typically bad news for mortgage backed securities.  Income fell by 0.7%, yet spending managed to increase by […]

There will be a Free Budgeting Seminar on Wednesday September 10, 2008 from 6:30 PM till 8:00 PM at the Primary Residential Mortgage’s Office in Newark, Delaware.  The seminar will cover the basics of making a household budget, how to track daily, weekly, and yearly expenses, and how to use your budget as part of an overall […]

There will be a Free Seminar on Understanding Credit & Credit Repair on Saturday September 13, 2008 at Primary Residential Mortgage’s Office in Newark, DE from 10:00 AM till 12:00 PM.  The seminar will cover the current credit scoring model and go over in detail each of the 5 scoring categories along with how much each […]

Christina School District in Delaware will be getting a new Chief Financial Officer starting in August 2008.  The school board approved Robert A. Silber as the new District CFO at is regular scheduled school board meeting in July 2008.
 
Mr. Silber brings more than 25 years of experience in financial leadership positions to his new […]

This is my daily advice on Locking or Floating your Delaware Mortgage Rate for Thrusday August 7, 2008.
The mortgage rates have risen dramatically this week because of the Fed Meeting on Tuesday and the report of a huge loss at Freddie Mac.  If you haven’t already locked your Delaware mortgage rate, then your best bet […]

Here is the announcement published July 30, 2008 from USDA; 
Additional Funding Imminent for Guaranteed Loan Program
As credit concerns have tightened access to mortgage funding in the United States this year, a record volume of requests have come in to USDA Rural Development for Section 502 Guaranteed loans. We appreciate the hard work that you, our […]

There is a Free Budgeting Seminar on Wednesday August 6, 2008 from 6:30 PM till 7:30 PM at Primary Residential Mortgage’s office in Newark, Delaware.  There is still room left so call now to register 302-368-7132, ask for John Thomas or send an e-mail to DelawareMortgages@yahoo.com.  The seminar will cover how to track your income […]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for August 1, 2008.
The jobs loss claims came in better than expected today 52,000 claims versus projections of 72,000.  This is unfriendly news for Delaware mortgage rates which initially caused bonds to move slightly lower.  As the traders have digested […]