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Mortgage Rates Weekly Update [August 4 2019]

John Thomas August 4, 2019 Tags: , ,
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Mortgage Rates Weekly Update for August 4, 2019

Mortgage Rates Update for August 4, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates moved lower last week as mortgage bonds rallied after the Federal Reserve announced 0.25% reduction in Feds Funds Rate. If you look at the mortgage bond chart below you can mortgage bonds were able to break through tough ceiling of resistance last week and rally much higher moving mortgage interest rates to the lowest seen in 2.5 years. Mortgage bonds are sitting just below next ceiling of resistance and with US Treasuries making a run at lower yields, we are recommending carefully FLOATING Your mortgage rate to start the week to see if mortgage bonds can make a run at the resistance level. Keep Reading...

DSHA Homes for Grads Program

John Thomas July 27, 2019 Tags: , ,
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DSHA Homes for Grads Program is perfect for someone who has been kept from purchasing a home because of not being able to save for down payment and closing costs. The DSHA Preferred Plus Program with the Homes for Grads program provides down payment and closing costs assistance as well as reduced interest rate mortgage loans. Homes for Grads receive a 0.50% reduction in interest rate! For more information call John Thomas at 302-703-0727 or APPLY ONLINE NOW

Who is Eligible for the DSHA Homes for Grads Program?

In order to be eligible to apply for a Homes for Grad Home Loan you must have graduated from a college with a four year degree or higher. The borrower or co-borrower must have completed the required courses withing three years pf the date of reservation rate lock with DSHA. Keep Reading...

Mortgage Rates Weekly Update [July 14 2019]

John Thomas July 14, 2019 Tags: ,
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Mortgage Rates Weekly Update for June 2, 2019

Mortgage Rates Update for July 14, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates moved higher last week after following through on a sell off started the previous Friday. If you look at the mortgage bond chart below you an see red candle on Friday July 6th and ended at floor of support which held Monday of last week but Tuesday we broke through Support and battled it till Thursday and bad Auction sent mortgage bonds on a sell off through the next floor of support at the 25 day moving average which is now acting as a ceiling of resistance. Mortgage bonds did end on Friday with a green candle as bond moved back up towards the 25 moving average but were turned lower. We are recommending LOCKING your mortgage rate if closing in the next 30 days as there is plenty of room for mortgage bonds to get worse before the next floor of support and a tough overhead resistance at 25 day moving average. Long term outlook is still for mortgage rates to move lower but short term trend is bearish. Keep Reading...

VA Renovation Loan Program

John Thomas July 12, 2019 Tags: , , , , , , , , , ,
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This VA Loan Helps Finance Veterans’ Home Renovations!

VA Renovation Loan – We respect and value our Veterans. That’s why we have a special loan program that will help Veterans finance their home renovations. So if you’re a Veteran who is eager to build equity by upgrading your property, call us today at 302-703-0727 to get started, or you can APPLY ONLINE.

What Is a VA Renovation Loan?

The VA renovation loan is a VA-guaranteed loan program that allows qualified homebuyers to purchase or refinance a home and finance its repairs, renovations and/or improvements. It is a one loan and one closing that includes an escrow account to make the repairs after closing. Keep Reading...

ITIN Loan Program

John Thomas June 7, 2019 Tags: ,
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ITIN Loan Program Takes Foreigners and Immigrants Closer to the American Dream!

Are you a foreign national or immigrant who wants to own a home in the US? The ITIN Loan Program may be the perfect solution for you. The Individual Tax Payer Identification Number mortgage loan provides financing for the purchase or refinance of a home foreigners or immigrants who may not meet the requirements for more traditional mortgage loans because they do not have a social security number. Call 302-703-0727 to get started applying for an ITIN Loan or APPLY ONLINE.

I Am a Foreigner/Immigrant. How Can I Own a Home?

Foreigners can buy property in the USA. Legal status is not required! You don’t need a green card or any type of visa or even a US citizenship to be eligible. You only need to secure one thing to get started: an ITIN, or Individual Taxpayer Identification Number. Keep Reading...

Mortgage Rates Weekly Update [June 2 2019]

John Thomas June 2, 2019 Tags: ,
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Mortgage Rates Weekly Update for June 2, 2019

Mortgage Rates Update for June 2, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended last week at the lows of the year as mortgage bonds were able to break above a very tough ceiling of resistance after stock market sold off from Tariffs threatened against Mexico by President Trump. If you look at the mortgage bond chart below, you can see the big green candle on Friday that closed well above ceiling of resistance. If mortgage bonds can confirm this break above the resistance on Monday then we could see mortgage rates move even lower so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Investor Cash Flow Loan Program

John Thomas May 29, 2019 Tags: ,
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Grow Your Real Estate Investments! Take an Investor Cash Flow Loan

Are you a Real Estate investor who is hoping to maximize your earning potential? Then we’re excited to present you with the Investor Cash Flow Loan Program for the purchase or refinance of an investment property without having to document your income to qualify. We will qualify you off the cash flow of the property you are buying or refinancing. Call 302-703-0727 to get started today or you can APPLY ONLINE.

Now What Is an Investor Cash Flow Loan?

The Investor Cash Flow Mortgage allows a real estate investor to use the cash flow on the subject property to be used to qualify for the new mortgage loan. The program covers loans for non-owner occupied properties between one and four units. No tax returns or employment information is required to qualify for the loan. There is no limit to the number of financed properties but you are limited to 5 financed properties with Primary Residential Mortgage. This innovative program can be used effectively to build a portfolio of income generating properties. Keep Reading...

PRMI Fresh Start Loan Program

John Thomas May 25, 2019 Tags: , , , , , , , ,
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PRMI Fresh Start Loan Program is for people who may have had a Foreclosure…short sale…bankruptcy…mortgage lates and cannot qualify for a traditional mortgage loan program. If you are able to prove your income to qualify for a mortgage but have credit challenges that are preventing you from qualifying, then a fresh start program can help you purchase a new home or refinance your current home. Get started today by calling 302-703-0727 or APPLY ONLINE

Did a couple of bad money choices put you in much debt and destroyed your credit ratings that it’s hard to obtain traditional funding?

Let PRMI give you a fresh start! Keep Reading...