Mortgage Loans

Mortgage Loans

Delaware FHA Loans below 580 FICO scores

John Thomas February 12, 2009

If you are looking to purchase a home or refinance a home and have a FICO score below 580, 99% of lenders will not even be able to help you. Wells Fargo and Chase just made their minimum credit score 620 for all loan programs.  Sun Trust just made their minimum FICO score 640 for all programs.  Countrywide Bank just made their minimum FICO score 580.  So if you are below a 580 and are still looking to buy or refinance a home then you need to hurry because there are only a handful of banks still doing below 580 FICO score. Keep Reading...

Delaware Mortgage Rates – February 12, 2009

John Thomas February 12, 2009

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, February 12, 2009.

The mortgage bond is at a tough point of resistance after several days of gains. Rates are again at a pretty good low point. Mortgage bonds appear to be getting ready to bounce down off the resistance.  This means reprices for the worse could happen later today.

The market is very crazy right now. The economic stimulus bill has finally been worked out by Congress and should be voted on first by the house tomorrow and later by the Senate. Keep Reading...

Delaware Mortgage Rates – February 10, 2009

John Thomas February 10, 2009

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday, February 10, 2009.

Today we saw the 2nd day that mortgage bonds traded higher.  The 4.5% mortgage bond ended the day higher by 47 basis points.  We saw lenders reprice for the better today.  We are still off the lowest rates which were at the beginning of January.

I am recommending floating but be ready to lock in your rate if the market turns tomorrow.

If you need help with a Delaware Mortgage Rate please feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com’ Keep Reading...

Free Delaware First Time Home Buyer Seminar – February 21, 2009

John Thomas February 9, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, February 21, 2009, at 10:00 AM. 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, My Community loans, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program.  Learn how to get $7,500 tax credit on your 2008 taxes for buying a home. That is a check for $7,500 from the IRS to you at tax time just for buying a home! Keep Reading...

Delaware Mortgage Rates – January 7, 2009

John Thomas January 7, 2009

Delaware Mortgage Rates are at Historic Lows. The Federal Reserve starting buying mortgage-backed securities in an effort to drive mortgage rates down. So far this strategy has worked and now is a great time to refinance or purchase a home in Delaware. The stock market had a bad day buy Mortgage-backed securities were able to hold the gains they got yesterday so mortgage rates are still very low!!

If you are considering refinancing or purchasing a home, now is the best time to do it. Please feel free to call me at 302-368-7132 or e-mail me at DelawareMortgages@yahoo.com for a free consultation. Keep Reading...

Free Budgeting Seminar – January 14, 2009 at 6:30 PM

John Thomas December 22, 2008

There will be a Free Budgeting Seminar on Wednesday, January 14, 2009, from 6:30 PM till 8:00 PM at the Primary Residential Mortgage’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 financial plan.  Each participant will receive a free Excel Budget Calculator and a Budgeting Handbook.  You will also learn how to not only cut your expenses but increase your income. Keep Reading...

Free First Time Home Buyer Seminar – January 24, 2008

John Thomas December 20, 2008

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, January 24, 2008, at 10:00 AM. 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, My Community loans, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program.  Learn how to get $7,500 tax credit on your 2008 taxes for buying a home.  That is a check for $7,500 from the IRS to you at tax time just for buying a home! Keep Reading...

Delaware First Time Home Buyer Seminar – December 13, 2008

John Thomas December 10, 2008 Tags: ,

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, December 13, 2008, at 10:00 AM. 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, My Community loans, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program.

Each participant will receive a Free Audio CD on Credit Scoring, Credit Scoring Handbook, Homebuying Handbook, and an opportunity to meet with a mortgage planner to be pre-approved to buy a home at the seminar. You will also learn the importance of credit in buying a home and learn valuable tips on how to improve your credit score. Learn what programs are available to help with down payment and closing costs. The new loan limits for conventional and FHA will be covered as well as changes to borrowing 100% financing. Keep Reading...