Delaware Mortgage Loans

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Yesterday Existing Home Sales came in right on target which did little to sway the markets.  The moving of the bond market was the continue bearish behaviour of Wall Street.  Only scheduled reporting of the […]

There will be a Free Seminar on Understanding Credit & Credit Repair on March 8,2008 at Citizens Lending Group’s Office in Newark, DE from 10:00 AM till Noon.  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 category is […]

There will be a Free Budgeting Seminar on March 5, 2008 from 6:30 PM till 8:00 PM at the Citizens Lending Group’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 […]

Delaware Mortgage Rate Update - January 16, 2008
Bonds are trading worse today as traders take a profit.  The reading on inflation was not good, so this gives the Feds a reason to only drop the Fed Funds rate 0.25% instead of the anticipated 0.50%.  A cut of 0.5% is already priced into the mortgage market […]

WHY A DELAWARE VA LOAN?
The more you know about our Delaware home loan program for Veterans, the more you will realize how little “red tape” there really is in getting a Delaware VA loan. These loans are often made without any down payment at all. Aside from the veteran’s certificate of eligibility and the fact […]

If you are looking for a 100% financing in one loan, then nothing beats a Veterans administration loan, commonly referred to as a VA loan.  The VA loan doesn’t have monthly PMI added on to the payment, which makes it usually the cheapest loan for overall payment.
The first step for applying for a Delaware VA […]

Delaware First Time Home Buyers are going to have a tougher time qualifying for loans after October 20th, 2007.  Fannie Mae is making changes to what it will accept for approval on all 100% financing options that are backed by Fannie Mae.
What are the changes?  Fannie Mae is no longer going to accept EA-II or […]

I am going to outline 10 Reasons to carry a big, long mortgage.  If you are a Delaware Home Owner or are a Delaware First TIme Home Buyer, he is what you need to know about your mortgage as part of wealth creation.
1) Your Delaware Mortgage Loan Doesn’t Effect Your Homes Value.
2) You going to build […]

Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They’ve reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren’t enough, subprime mortgages are […]

In years past a borrower would visit their local Savings & Loan to obtain a mortgage. The Loan Officer at the bank would approve the mortgage and fund it with cash reserves from the vault. This system worked well until the bank ran out of money to lend. Borrowers came to the S&L looking for […]