Delaware Mortgage Loans

Durable Goods Orders soared in July, rising by a far greater than expected rate of 5.9% and scoring their largest gain in about a year.  Transportation goods such as airplanes, autos, and trucks led the surge, but other long-lasting goods like machinery, computers, and steel products also showed strong demand.  When excluding vehicles, Durable Goods […]

Yesterday, four major US banks stepped up to the Fed’s “Discount Window” and each borrowed $500 Million. Analysts believe the Discount Window borrowing by these huge banks was largely symbolic, and designed to help calm all the nervousness in the credit and financial markets.
Now remember that the Fed just cut the Discount Window Rate last […]

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 […]

HERE’S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!
 
First:  make sure you are working with an experienced, professional loan officer.  The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along […]

Anyone watching or reading the financial news over the last few weeks has seen a lot of angst and consternation over the state of the mortgage industry. In fact, one of the larger lenders in the US, American Home Mortgage, was forced to shut down operations recently. But why? What is happening, what does all […]

When you are applying for a Mortgage Loan you will mostly likely have to get a residential real estate appraisal done by a certified appraiser.  The appraiser will come out to the property to inspect the inside and the outside of the subject property.  The appraiser will take pictures of both the inside and outside […]

I just heard the news that Capitol One has shut down their mortgage unit, Greenpoint, laying off more than 1900 employees. This is effective immediately. So here we go again; if you have any loans with this company you will need to find another lender. This is yet another casualty in this erratic market and […]

There will be a free seminar on Understanding Credit and Credit Repair on Saturday September 15th from 10:00 AM till Noon. Come learn the following;
Learn How to Establish Good Credit
Learn the Dos & Donts of Credit Repair
Learn How to read a Credit Report
Learn How to write Dispute Letters to the three credit bureaus.
Each participate will […]

There will be a Free Real Estate Investment Seminar on Wednesday September 26th from 6:30 PM till 8:30 PM at Citizens Lending Group’s Office in Newark, DE.  The seminar is on Getting Started in Real Estate Investing.  The seminar will show you how to setup a plan for investing and how to get your self […]

There will be a First Time Home Buyer Seminar on Saturday September 29th from 10:00 AM to 12:00 PM at the Citizens Lending Group office in Newark, Delaware.  The Seminar is FREE!!!  Come learn what it takes to buy a home in Delaware.  First time home buyer programs will be covered.   Program will also cover how to improve your credit […]