Delaware Mortgage Loans

March 8, 2010 - John R Thomas of Primary Residential Mortgage just published a new book specifically for Delaware First Time Home Buyers.
Here is the link to buy your copy of this must read book for any first time home buyer
 Your Guide to Buying Your First Home in Delaware Book
John R Thomas - Certified Mortgage […]

The following is a very common mistake that Delaware First Time Home Buyers make when searching for a home to buy:
Mistake #1 - Timing Problems - Any first time home buyer who is currently renting should try to time their purchase at the end of their lease so they don’t incur any penalities.  If you haven’t […]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday March 20, 2010 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 […]

The Home Affordable Refinance Program commonly called HARP has been extended for all Delaware home owners until June 30, 2011.  The program was set to expire on May 1, 2010.  The program allows home owners that owe more than their home is worth for up to 125% of the current value for low rates and […]

The Federqal Reserve decided to raise the Discount Rate from 0.5% to 0.75% last week.  The increase took effect today Monday February 22, 2010.  The Discount Rate is the rate the federal reserve charges bank to borrower money from the Federal Reserve.  The Feds said they were keeping the Federal Funds Rate unchanged at near […]

Most lenders right now will cap the maximum number of financed properties at 4.  But Fannie Mae recently relaxed there guidelines to 10 properties total.  Problem is most lenders still have the cap at 4.  Can you get a loan if you have more than 4?  The answer is yes, but there are some tough […]

Delaware home buyers have been kept inside searching on their computers after a second snow storm paralyzes the state.  Snow began to fall shortly after 6:30 PM on Tuesday and kept going all through the day on Wednesday.
State offices were closed today February 10th and state of emergency is in effect and will be in […]

  I took the NMLS Licensing test on Friday January 22, 2010 and passed with a score of 93% on the first try at the test.  This is a new requirement for all mortgage originators of residential mortgage loans that they must pass the national licensing test as well as complete a 20 hour licensing […]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday February 27, 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 […]

Great news for Delaware Home Buyers looking to purchase a home through FHA, the “90 day seasoning flip rule ” has been temporarily lifted by FHA. This change will allow buyers in Delaware to use a FHA Mortgage when purchasing investor and bank owned properties that have been owned for less than 90 days by the seller. 
On […]