How to Establish Good Credit for a Home Loan

John Thomas March 28, 2007 Tags: Delaware Credit Repair, secured credit card

If you’ve never had credit in your own name, it can be difficult to get a car loan or credit card. Having no credit history can be as much of a problem as having a bad credit history. Students, other young people, and newly divorced or widowed women who have always obtained credit jointly with their husbands often find themselves in this situation.
It seems like a vicious circle: you can’t get credit because you’ve never had credit, but you’ve never had credit because you can’t get credit. What’s a person to do?
Don’t despair. Here are a few tips to help you establish credit in your own name. Keep Reading...

Delaware Mortgage Rates Kick Higher – January 20, 2007

John Thomas January 20, 2007 Tags: Delaware Home Loans, Delaware Mortgage Rates, mortgage loans

Delaware Mortgage Rates Kick Higher [January 20, 2007]

Delaware Mortgage Rates kicked higher to end the week, right along with the national rates. The average mortgage rate was up 0.07% (seven basis points) to end the week at 6.35%. If you have an Adjustable Rate Mortgage (ARM) that is going to be adjusting soon, refinance now to lock in a low rate. Feel free to contact me for a free loan analysis and quote on a lower Delaware Mortgage Rate. Keep Reading...

Delaware Mortgage Rates Rise as the Stock Market Surges – January 2007

John Thomas January 12, 2007 Tags: Delaware Mortgage Rates

Delaware Mortgage Rates for January 2007

Delaware Mortgage Rates rose all week as lower oil prices and good economic news allowed the stock market to rally. The S&P hit an all time high. The outlook for the stock market going into next week is for a bullish run up. This means Mortgage Rates in Delaware and across the nation are likely to continue there upward movement. Keep Reading...

Financial News – Week of January 8th

John Thomas January 8, 2007 Tags: mortgage rates

Financial News – Week of January 8, 2007

Employers boosted payrolls by a hefty 167,000 workers in December, 50,000 more jobs than analysts had forecast. With the hiring surge, the unemployment rate remained at a historically low 4.5%, the Labor Department said January 5, 2007. Keep Reading...

Interest Rate vs APR

John Thomas January 7, 2007 Tags: Annual Percentage Rate, APR, Mortgage Interest Rate

Interest Rate vs APR

You are most likely to encounter low mortgage interest rates and low annual percentage rates (A.P.R.) on television commercials or newspaper ads as lenders vie for the attention of potential borrowers looking for the lowest mortgage rates. This is just a tactic for them to get you to call so they can explain why you don’t qualify for the advertised mortgage interest rate and proceed to sell you on a higher interest rate with higher fees. So remember the old adage “Buyer Beware”. Keep Reading...

Delaware Mortgage Rates Dip Down to end the week

John Thomas January 5, 2007 Tags: Delaware Mortgage Rates

Delaware Mortgage Rates dipped

Delaware Mortgage Rates dipped down today January 5, 2007 because of the drop in the stock market today. The drop in the stock market saw money moving out of stocks and into safe assets like mortgage bonds. The average rate on a 30 year mortgage dipped 0.1% down from the mid week high to 6.29%. Beware websites or TV ads quoting low mortgage rates. The low mortgage rates quoted are based off factors that most people don’t qualify for and may include discount points that are buying down the mortgage interest rate. Be sure to contact a Delaware mortgage professional that can explain how the mortgage rates change and how your choice of loan programs can affect your mortgage interest rate. Call 302-703-0727 to talk to a Delaware loan officer. Keep Reading...