U.S. Representative Michael Castle made his announced to run for U.S. Senate on October 6, 2009, at a press conference. He will be running for Vice President Joe Biden’s former Senate Seat. The current senator Edward Kaufman said he will not run for election when he was appointed by Former Governor Ruth Minter.

Castle believes his experience will be a great benefit to the State of Delaware in Congress.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727. Keep Reading...

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, October 24, 2009, at 10:00 AM and again at 1:00 PM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans.

Learn how to get $8,000 tax credit for buying a home in 2009. That is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!! Keep Reading...

Fannie Mae has rolled out new lending guidelines on Tuesday, September 1, 2009. Being approved for a Delaware Conventional home loan could be much more difficult. The new rules mark the first major underwriting update since April of this year. The changes are mostly geared at fraud prevention. Among the updates:

1. Stock options are no longer eligible for “reserves”
2. Relocating families can’t use the “trailing” spouse’s projected income
3. “Tip” income must be documented and verified
4. Lenders must call employers to verify employment
5. Lenders must verify tax transcripts against IRS records

But there are other changes, too. As examples:

1. Owners and buyers of 2-unit homes are subject to new minimum FICOs with larger downpayment and equity requirements.
2. Only 70% of the stock, bond, and mutual values may be used as reserves
3. Only 60% of retirement assets may be used as reserves

For information on the complete guideline changes visit http://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0919.pdf

If you need help qualifying for a Delaware Home Loan please call me at 302-588-3665 or you can APPLY ONLINE HERE. Keep Reading...

The Delaware State University Football Schedule for 2009 is as follows;

September 5 – Florida A&M – Away Game

September 19 – Delaware – Away Game

September 26 – Hampton – Away Game

October 10 – Bethune-Cookman at Home

October 17 – Michigan – Away Game

October 24 – Morgan State at Home

October 31 – South Carolina State – Away Game

November 7 – Winston-Salem State – Away Game

November 14 – Norfolk State at Home

November 21 – Howard at Home Keep Reading...

The 2009 University of Delaware Football Schedule is as follows;

September 4 – West Chester at Home

September 12 – Richmond at Home

September 19 – Delaware State at Home

September 26 – William & Mary – Away Game

October 3 – Maine – Away Game

October 10 – Massachusetts at Home (Parents & Family Weekend)

October – 17 – Towson – Away Game

October 31 – James Madison – Homecoming!!

November 7 – Hofstra at Home

November 14 – Navy – Away Game Keep Reading...