Frequently, the first person you consult about buying a home in Delaware is a real estate agent or broker that is licensed in Delaware. Although real estate brokers provide helpful advice on many aspects of home buying, they may serve the interests of the seller and not your interests as the buyer.

You need to know if the agent you are speaking with about a property is a seller (Listing) agent or a buyer’s agent. The buyer’s agent works for you and has your interest at heart. The seller agent is hired by the seller to list their house for sale. The selling agent’s job is to find someone who will be willing to buy the home on terms and conditions that are acceptable to the seller. In Delaware an agent is allowed to both represent the seller and the buyer, this is called dual agency. Keep Reading...

For a complete list of Free seminars visit http://www.DelawareMortgageLoans.net/seminars

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

As a long term investment, homeownership is still one of the best investments for individual households. “Why?” you may ask. After all, the headlines say the housing market is down and out, with defaults rising at an alarming rate, and mortgage markets so frozen that buyers can’t get a home loan at any price.

What buyers need to realize is that housing markets, like all markets, inevitably have their ups and downs. Homeownership has a proven track record that is virtually unmatched by any other purchase in terms of its real benefits. Keep Reading...

Delaware First Time Home Buyers are going to find it a lot harder to buy a home with little or no money because Fannie Mae is Changing their guidelines on the popular My Community Loan Program.  The My Community Loan program is very popular because it offers 100% financing with one loan with reduced mortgage insurance and until now would allow the seller to pay up 6% of the sales price towards closing costs. This is usually more than enough to cover all of the closing costs when buying a home in Delaware.

Starting December 1st Fannie Mae has changed the guidelines to only allow the seller to pay up to 3% of the sales price towards the buyers closing costs. 3% is typically not enough to cover all of the closing costs associated with buying a home in Delaware. This means Delaware First Time Home Buyers will have to come up with more money at the closing table in order to buy a home. Keep Reading...

There is still room left for the Free First Time Home Buyer Seminar on Saturday, October 27th at 10:00 AM at Citizens Lending Group’s office in Newark, DE. The seminar will cover the basics of buying a home in Delaware including First Time Homebuyer programs, FHA Loans, VA Loans, and much more.

Please call 302-368-7132 Ext.12 to register for the seminar.

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. Keep Reading...

There will be a Free First Time Home Buyer Seminar on Saturday, October 27, 2007, 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, and First Time Home Buyer Loan Programs.  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. Keep Reading...