Mortgage Loans

Mortgage Loans

Delaware First Time Home Buyer Seminar – April 18, 2009

John Thomas April 8, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, April 18, 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, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware 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...

New $8,000 Tax Credit for Delaware First-time Home Buyers

John Thomas March 30, 2009

Great news for first-time home buyers in 2009! The stimulus plan that President Obama signed into law contains a new $8,000 tax credit for qualified first-time home buyers. And, unlike the $7,500 tax credit from last year, this credit does NOT have to be repaid to the government, as long as you stay in the home for at least 36 months after the purchase date. Remember, a tax credit is much more valuable than a tax deduction. A tax credit reduces dollar for dollar the amount of tax you owe. A deduction merely reduces the amount of your income that is taxable. This means the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Who?
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Delaware FHA Loan Changes – Max LTV going to 85% for cash-out on April 1st

John Thomas March 16, 2009 Tags:

FHA loans will currently let you take cash out of your home up to a maximum of 95% loan to value.  The guideline changed on January 1, 2009, to require you to have two appraisals for cash-out above 85% loan to value.  Now the guidelines will change again on April 1, 2009, so that the maximum loan to value for cash-out refinances in Delaware for FHA loans will be 85%.  If you get your FHA case # assigned before April 1, 2009, you can still go to 95% on your loan.  So you don’t have to close by April 1st.

So if you have been considering refinancing to do debt consolidation then you need to hurry up because debt consolidation is considered cash-out.  If you have questions or need help with an FHA loan, please call me at 302-703-0727 or APPLY ONLINE

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

Delaware Mortgage Rates – March 16, 2009

John Thomas March 16, 2009

This is my daily advice for floating or locking your Delaware Mortgage Rate for Monday, March 16, 2009

The stock market finished down today after ending last week with triple-digit gains, please visit http://biz.yahoo.com/ap/090316/wall_street.html for the full story.  Ben Bernake said that he believes the economy would recovery by end of 2009, here is a video of his speech http://www.reuters.com/news/video?videoId=46895 .

The mortgage-backed securities started the day off down but recovered to the only end the day down 6 basis points.  MBS have been trading in a tight trading range.  Home loans were down about a 1/8 from Friday’s best rates.

I am recommending FLOATING your Delaware Mortgage Rate for Monday, March 16, 2009.

If you need help or advice with a Delaware Home Loan please call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

I can help with Delaware FHA Loans, Delaware VA Loans, Delaware USDA Loans, Delaware Reverse Mortgages, Delaware First Time Home Buyer Programs, Delaware Investor Loans, and Delaware Commercial Loans.

If you are a Delaware First Time Home Buyer then you should register to attend one of our monthly First Time Home Buyer Seminars.  The next one is March 28, 2009, at 10:00 am and then again on April 18th.  If you would like to register please call 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

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

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

Delaware Mortgage Rates – March 5, 2009

John Thomas March 5, 2009

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, March 5, 2009.

The stock market recovered yesterday about 130 pts but gave it back today. Bad news from GM pulled stocks down. The world banks lowered interest rates again. All of this and more details on Obama’s plan to help people refinance has pushed the mortgage-backed securities to break through a tough ceiling of resistance. This has caused home loan rates to improve significantly.

I am recommending FLOATING your Delaware Mortgage Rate for Thursday, March 5, 2009.

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

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713