Delaware Mortgage Loans

There will be a Free Delaware First Time Home Buyer Seminar on Saturday August 7, 2010 at 10:00 AM. 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 [...]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday August 21, 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 [...]

Delaware First Time Home Buyer Tips – Loan Process for Home Purchase
Here is a Step-by-Step Guide to the Loan Process for purchasing a home from start to finish:
1. Pre-approval – Get pre-approved for a mortgage and know in advance exactly how much house you can afford. Completing this step will also increase your negotiating power [...]

Delaware First Time Home Buyer Tips – What Banks Look for in Home Loan Applications
Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to payback the loan you are requesting. My team and I at Primary Residential Mortgage have a [...]

Delaware First Time Home Buyer Tips – Credit Tips That Will Score Lower Interest Rates
A good credit score translates into lower interest rates for home-shopping borrowers. In a mortgage lender’s eyes, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For this [...]

Delaware First Time Home Buyer Tips – Getting Ready to Move – Here is checklist
4 WEEKS PRIOR TO MOVE:
__ Set up a “move” file or folder
__ Set up a “move” calendar.
__ Have a garage sale.
__ Collect financial, tax and employment documentation needed for your loan.
__ Donate un-needed furniture to charity.
__ Contact insurance company to transfer [...]

Delaware First Time Home Buyer Tips –  The Art of Home Purchase Negotiation
There is much give and take involved in negotiating a property purchase. That’s why it’s important to have a checklist of what you want to get out of the deal as a buyer. Bear in mind, the home must be appraised and the [...]

Delaware First Time Home Buyer Tips – Understanding the Home Appraisal Process
Consumers are often baffled by the home appraisal process. They may feel their home is worth a certain amount of money, and therefore, the appraised value doesn’t make sense to them. It is important to know that appraisal guidelines are dictated by the lenders. [...]

Delaware First Time Home Buyer Tips – Avoid Changes to Your Financial Profile During the Loan Process
Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the [...]

Tax credit processing extension till September 30, 2010
    The Congress has passed H.R. 5623, the Homebuyer Assistance and Improvement Act, which extends the tax credit closing deadline until September 30th.  There will also be no gap between June 30th and the date the President signs the bill into law.  The extension only applies to transactions [...]