Delaware Mortgage Loans

INTEREST RATE CUTS – IN PERSPECTIVE:  When the last recession in the US ended on 11/30/01, the Fed had short-term interest rates at 2.0%.  The Fed has interest rates at 2.25% today.

A POSITIVE MONTH?:  Following the prior week’s rally that saw 4% (approximately) gains across the board, the market had another positive week [...]

There will be a Free Seminar on Understanding Credit & Credit Repair on Wednesday May 7, 2008 at Primary Residential Mortgage’s Office in New Castle, DE from 6:30 PM till 8:00 PM.  The seminar will cover the current credit scoring model and go over in detail each of the 5 scoring categories along with how [...]

1031 Exchange – So named because it is defined in section 1031 of the IRS Code, 26 U.S.C. § 1031, this refers to a commonly utilized tax break which allows capital gains taxed to be deferred in certain cases in real estate transactions. Considered one of the best ways to preserve wealth, the 1031 exchange, [...]

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 [...]

 
GOOD NEWS ON AGING: Two research reports published in the April edition of the American Sociological Review conclude that the happiest Americans are the oldest.  Among the findings:  Older Americans have learned to be content with what they have.  They are more socially networked.  75% of people age 57 to 85 engage in one or more social [...]

Sales of existing homes fell in March on a national basis as a severe slump in housing showed no signs of abating. The median price of a home fell compared with the price a year ago across the nation.The National Association of Realtors said sales of existing single-family homes and condominiums dropped by 2 percent in [...]

Some of the most common misconceptions regarding getting a reverse mortgage are outlined below. Below are some false impressions – followed by reverse mortgage program facts.
“The borrower could owe more than the value of their home.”
Reverse mortgages are “non-recourse” loans, which means that the borrower, the borrower’s heirs, or the borrower’s estate can never owe more [...]

There will be a Free First Time Home Buyer Seminar on Saturday April 26, 2008 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 a new home in Delaware.  [...]

Even though FHA made major change to their appraisal requirements, some Realtors, Sellers, and Buyers are still concerned about Loans that require an FHA Appraisal.  Most of these people still have concerns because they are not aware of the changes that occurred in January of this year, or they have not seen these change first [...]