(302) 703-0727

(302) 703-0727

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...

Fed Funds Rate Held Steady at 5.25%

John Thomas March 26, 2007 Tags: ,
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Fed Funds Rate Held Steady at 5.25%

And the whole financial world anxiously sat on the edge of their seats this week, waiting to see what the Fed had in store following their most recent meeting. But no surprises to have been worried about – as expected, the Fed decided to hold the Feds Funds Rate steady at 5.25%. But they did make a subtle change in the carefully crafted wording of their Policy Statement, which suggested that a rate cut may be more likely than a hike as their next move down the road. However, the Fed also said that Core inflation remains above their comfort level…and the Fed will not cut rates as long as this remains true.  Mortgage Interest Rates are not directly controlled by the Feds so changing the Feds Fund Rate doesn’t always mean mortgage interest rates move accordingly. Keep Reading...

Sub Prime Lending Big Changes

John Thomas March 10, 2007 Tags: ,
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Sub Prime Lending Big Changes Coming

Sub Prime Lending in for Big Changes in March 2007.   First, let’s start by defining a Sub Prime Loan, What is a sub-prime mortgage loan? Simply put, it is a mortgage loan offered to folks who don’t have the traditional credit history, down payment, or income levels that would normally be required to be approved for a typical conventional mortgage loan.

Here is a list of Sub Prime Lenders that have closed their doors recently; Ownit Mortgage Solutions, one of the nation’s largest sub-prime lenders of which 15-20 percent was owned by Merrill Lynch, closed its doors on December 5th, 2006. It appears that Ownit ran out of cash when it was required to buy back the mortgage loans it originated that ultimately went into default. Keep Reading...

Delaware Sub-Prime Mortgage Lenders Closing Doors

John Thomas March 8, 2007 Tags: ,
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Delaware Sub-Prime Mortgage Lenders Closing Doors

Delaware Sub-Prime Mortgage Lenders as well as national sub prime mortgage lenders are experiencing extreme financial hardship forcing some companies to close their doors for good. Fremont Investment & Loans has suddenly and without warning closed its doors on Monday and left some borrowers without Delaware mortgage loans and funds.  The next mortgage lender on the chopping block is New Century.  New Century has suspended all new mortgage loan submissions while it tries to secure financing to support new lending activity.  New Century maybe the next mortgage lender to close its door if it can’t improve its financial situation. Keep Reading...

Delaware First Time Home Buyer Seminar – March 24th

John Thomas February 27, 2007 Tags: ,
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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...

Delaware Real Estate Investing

John Thomas February 27, 2007 Tags: ,
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delaware real estate investing

Delaware Real Estate Investing

Delaware Real Estate Investing is a great way to build long term wealth through appreciation and/or through passive income from rents.  If you are new to Delaware Real Estate Investing then you can join DELREIA (Delaware Real Estate Investors Association) which provides support, education, and coaching for Delaware Real Estate Investors.  There are monthly meetings held every month.  You can get more information at www.Delreia.com

DELREIA has plenty of experience with wholesaling, Lease Options, Foreclosures & Pre-Foreclosures, Tax Lien Certificates, and anything else related to real estate investing in Delaware. Keep Reading...

Delaware First Time Home Buyer Seminar

John Thomas February 22, 2007 Tags:

Delaware First Time Home Buyer Seminar

There is still room left in the Delaware First Time Buyer Seminar on Saturday, Feb. 24, 2007 from 1:00 PM to 2:00 PM.  There is no cost to attend and everybody that registers and attends receives free Audio CD on Credit Scoring and free first time home buying kit.  The seminar is being held at Primary Residential Mortgage, Inc.’s office located at 248 E Chestnut Hill Rd, Newark, DE 19713.  Please call to register at 302-302-703-0727 or visit on the web at Delaware Free Seminars  or you can e-mail delawaremortgages@yahoo.com Keep Reading...

Qualified Mortgage Consultant Can Help Boost Credit Scores

John Thomas February 15, 2007 Tags: , ,
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Qualified Mortgage Consultant Can Help Boost Credit Scores

Newark, Delaware Consumers interested in purchasing or refinancing a home in Delaware will pay an interest rate based on current market conditions and their ability to pay back the Delaware mortgage loan. The borrower’s income and debt ratios are taken into consideration by the lender, as well as the predictability factor provided by credit scoring. It’s important to have a mortgage professional in your corner that has a keen eye for solutions to improving credit scores in an effort to get the best interest rate possible in the Delaware Market. Keep Reading...