Delaware Adjustable Rate Mortgages Delaware Adjustable Rate Mortgages (ARMs) are mortgage loans with interest rates that can change or adjust. Delaware ARM loans usually start with lower monthly payments than fixed-rate mortgages because they have a lower “teaser” rate. With a fixed rate mortgage, the interest rate stays the same during the life of the…
Newark Delaware Mortgages If you are looking for a Newark Delaware Home Loan, then John R. Thomas is a certified mortgage planner who can help you find the best rate, term, and loan product to meet your short term and long term financial goals and to make sure the new mortgage fits into your current…
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, or…
Delaware Reverse Mortgages – Common Misconceptions Delaware Reverse Mortgages allow seniors to use the equity in their home to make up for short falls in cash flow during retirement years or to eliminate a mortgage payment and improve cash flow. Reverse Mortgages can be a very useful financial tool in the right situation. Some of…
No PMI Loans in Delaware? Can you get a loan with no Private Mortgage Insurance (PMI)? This depends on the type of mortgage loan you are applying for financing such as FHA Loan, VA Loan, USDA Loan, Conventional loan, or a Non-QM loan. You can get a loan with no monthly mortgage insurance if that…
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve. Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit…
Delaware Home Improvements Turn Average Delaware Homes into Dream Come True If you’re thinking about taking out a home improvement loan in Delaware, there are several options to consider. First and foremost, your mortgage consultant needs to know why you want a home improvement loan. Here are some factors to take into consideration. How long…
FHA Loans – FHA Mortgage Insurance FHA does not fund home loans directly; rather, it provides a guarantee to the mortgage lender against default. There are two separate fees that HUD collects to provide a level of guarantee coverage to the lender: Up-front mortgage insurance premiums (UFMIP). Monthly renewal mortgage insurance (Monthly MI). The up-front…
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