Delaware First-Time Home Buyer

Delaware First-Time Home Buyer

First Time Home Buyer Seminar July 28th from 10:00 AM till 12:00 PM

John Thomas June 26, 2007 Tags: ,

First Time Home Buyer Seminar July 28, 2007

There will be a First Time Home Buyer Seminar on Saturday, July 28, 2008, from 10:00 AM to 12:00 PM at the Primary Residential Mortgage office in New Castle, Delaware.  The Seminar is FREE!!! Come learn what it takes to buy a home in Delaware.  First time home buyer programs will be covered.  Program will also cover how to improve your credit and how to afford a mortgage payment that might be more than your current rental payment. 

All registered participates will receive a Free Credit Scoring Audio CD.  Free credit checks will be given at the seminar.  Everybody has the opportunity to receive their complete credit report and get pre-approved to buy a home at the seminar.  You will also have the opportunity to schedule a one-on-one appointment with a mortgage professional and credit counselor who can answer questions for your specific situation.  Please call 302-703-0727 to register for this seminar or register online at Delaware Home Buyer Seminar. The address of the seminar is 42 Reads Way, New Castle, DE 19720. Keep Reading...

Fannie Mae makes it tougher for First Time Home Buyers in Delaware

John Thomas June 13, 2007 Tags: ,

Fannie Mae makes it tougher for First Time Home Buyers in Delaware

Fannie Mae made significant changes to its Desktop Underwriting (DU) for My Community programs.  The guidelines have changed to make it harder for first time home buyers to qualify for a mortgage to purchase a home with little to no money down.  The guidelines took effect May 19, 2007.  Borrowers who qualified before May 19th, may no longer qualify under the new guidelines.

This affects people trying to qualify for the Delaware Bond Program loans for Delaware first time home buyers because these loans must qualify through Fannie Mae’s DU.  Fannie Mae wasn’t specific about what exactly won’t qualify but it seems anybody with a credit score below 620 certainly won’t qualify anymore. Keep Reading...

3 Big Benefits of Homeownership

John Thomas June 4, 2007 Tags: ,
featured image

3 Big Benefits of Homeownership

There are three very attractive benefits of owning your own home: it can be a sound investment over time, you can have stable housing payments throughout your 30-year loan, and there can be significant tax breaks for as long as you own the home.   Call 302-703-0727 to get started by getting pre-approved for a home loan or APPLY ONLINE  You can also view our monthly first time home buyer seminars at Delaware Home Buyer Seminars

The First Benefit of Owning a Home – Sound Investment

A sound investment is the first benefit of buying your new home.  Your new home becomes an appreciating asset over time.  This means that as time goes by, your house is worth more money.  This, in turn, allows equity to build up in your property even if the mortgage amount were to stay the same.  The acquired equity is the difference between the fair market value of your property and the amount of your mortgage.  In the last twenty years, real estate has averaged a 5% rate of return per year.  Let’s look at an example of appreciation over time below: Keep Reading...

Delaware Renters Have Much to Gain by Pursuing Home Ownership

John Thomas May 20, 2007 Tags:

Delaware Renters Have Much to Gain by Pursuing Home Ownership

Buying a home in Delaware vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability, and potential tax advantages.  Call 302-703-0727 to get pre-approved for a mortgage today to purchase your first home or APPLY ONLINE.

Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you are helping them make their mortgage payment. Keep Reading...

First Time Home Buyer Seminar – June 23rd from 1:00 to 3:00

John Thomas May 20, 2007 Tags: ,

There will be a First Time Home Buyer Seminar on June 23rd from 1:00 PM to 3:00 PM at the Primary Residential Mortgage, Inc’s office in New Castle, Delaware.  The Seminar is FREE!!!  Come learn what it takes to buy a home in Delaware.  First time home buyer programs will be covered.  Program will also cover how to improve your credit and how to afford a mortgage payment that might be more than your current rental payment.  All registered participates will receive a Free Credit Scoring Audio CD.  Free credit checks will be given at the seminar. Everybody has the opportunity to receive their complete credit report and get pre-approved to buy a home at the seminar.  You will also have the opportunity to schedule one-on-one appointment with a mortgage professional and credit counselor who can answer questions for your specific situation.  Please call 302-703-0727 to register for this seminar.  The address of the seminar is 42 Reads Way, New Castle, DE 19720. Keep Reading...

How to Establish Good Credit for a Home Loan

John Thomas March 28, 2007 Tags: ,

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 First Time Home Buyer Seminar April 28th from 1:00 – 3:00

John Thomas March 26, 2007 Tags: ,

There will be a First Time Home Buyer Seminar on April 28th from 1:00 PM to 3:00 PM at the Primary Residential Mortgage, Inc’s office in New Castle, Delaware.  The Seminar is FREE!!!  Come learn what it takes to buy a home in Delaware.  First time home buyer programs will be covered. Program will also cover how to improve your credit and how to afford a mortgage payment that might be more than your current rental payment.  All registered participates will receive a Free Credit Scoring Audio CD.  Free credit checks will be given at the seminar.  Everybody has the opportunity to receive their complete credit report and get pre-approved to buy a home at the seminar.  You will also have the opportunity to schedule one-on-one appointment with a mortgage professional and credit counselor who can answer questions for your specific situation.  Please call 302-703-0727 to register for this seminar.  The address of seminar is 42 Reads Way, New Castle, DE 19720. Keep Reading...

Delaware First Time Home Buyer Seminar – March 24th

John Thomas February 27, 2007 Tags: ,
featured image

Delaware First Time Home Buyer Seminar March 24, 2007

Delaware First Time Home Buyer Seminar on March 24th from 1:00 PM to 2:30 PM at the Primary Residential Mortgage, Inc. office in Newark, Delaware.  The Seminar is NO COST!!!  Come learn what it takes to buy a home in Delaware.  First time home buyer programs will be covered.  Program will also cover how to improve your credit and how to afford a mortgage payment that might be more than your current rental payment.  All registered people will receive free credit scoring Audio CD.  Free credit checks will be give at seminar.  Everybody has the opportunity to receive their complete credit report and get pre-approved to buy a home at the seminar. Please call 302-703-0727 to register for seminar or visit Delaware First Time Home Buyer Seminar Keep Reading...