(302) 703-0727

(302) 703-0727

PRMI Fresh Start Loan Program

John Thomas May 25, 2019 Tags: , , , , , , , ,
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PRMI Fresh Start Loan Program is for people who may have had a Foreclosure…short sale…bankruptcy…mortgage lates and cannot qualify for a traditional mortgage loan program. If you are able to prove your income to qualify for a mortgage but have credit challenges that are preventing you from qualifying, then a fresh start program can help you purchase a new home or refinance your current home. Get started today by calling 302-703-0727 or APPLY ONLINE

Did a couple of bad money choices put you in much debt and destroyed your credit ratings that it’s hard to obtain traditional funding?

Let PRMI give you a fresh start! Keep Reading...

Mortgage Rates Weekly Update [May 20 2019]

John Thomas May 20, 2019 Tags: ,
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Mortgage Rates Weekly Update for May 20, 2019

Mortgage Rates Update for May 20, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended the week last week where they started but move higher to start this week as mortgage bonds failed to close above resistance. If you look at the mortgage bond chart below you can see mortgage bonds lost momentum last Thursday after mortgage bonds fell back below resistance. Then mortgage bonds sold off again on Friday after failing to move above resistance. Monday mortgage bonds fell through to the downside and mortgage rates moved higher. We recommend LOCKING your mortgage rate since bonds are selling off in the short term. Keep Reading...

Good Neighbor Next Door Program

John Thomas May 17, 2019 Tags: , , ,
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If you wish to purchase a home and you’re either a law enforcement officer, firefighter, teacher or emergency medical technician, the Good Neighbor Next Door Program may have the best deal available for you!

It’s called the Good Neighbor Next Door Program—a reward by the US Department of Housing and Urban Development (HUD) for America’s “good neighbors.”

The Benefits of Good Neighbor Next Door Program in a Nutshell

  • Buy HUD REO homes for 50% off list price with today’s current mortgage rates.
  • Pay only $100 down payment when you buy any eligible HUD home at half-off its price.

How Does the GNND Program Work?

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door program (GNND). Properties are available for purchase through the program for Seven days. Keep Reading...

Mortgage Rates Weekly Update [May 12 2019]

John Thomas May 12, 2019 Tags: ,
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Mortgage Rates Weekly Update for May 12, 2019

Mortgage Rates Update for May 12, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended the week right where they started as mortgage bonds failed to mount a rally. If you look at the mortgage bond chart below, you can see mortgage bonds rallied each day with long candle but closed down with the red candle. Mortgage bonds still closed above the 25 day moving average which is acting as a strong floor of support so we are recommending FLOATING Your mortgage rate to see if bonds can mount a rally and move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [May 5 2019]

John Thomas May 5, 2019 Tags: ,
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Mortgage Rates Weekly Update for May 5, 2019

Mortgage Rates Update for May 5, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended the week about where they started after a roller coaster week for bonds. If you look at the mortgage bond chart below, you can see mortgage bonds started the week selling off on Monday with Red Candle and broke below important floor of support at 25 moving average. Bonds were able to rally higher on Wednesday after Fed Meeting but lost steam sold back off to end the day. Bonds were not able to break above the 25 day moving average until Friday when Jobs Report showed lower inflation data. Keep Reading...

PRMI DPA Advantage Grant Program

John Thomas May 5, 2019 Tags: , , ,
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PRMI DPA Advantage Grant Program

PRMI DPA Advantage Grant Program provides up to 2% as a forgivable grant to eligible borrowers using a FHA Loan to purchase a home. The PRMI DPA Advantage Grant program is an approved Delaware down payment assistance program by HUD so can be used with a FHA mortgage loan. Call 302-703-0727 to apply for the grant or APPLY ONLINE

2% Grant Program Highlights

The highlights of the PRMI DPA Advantage Grant Program are as follows:

  • Completely Forgivable grant of up to 2% of the purchase price.
  • May be combined with up to 6% seller paid closing costs
  • Minimum Qualifying Credit Score is 580
  • No Resale restrictions on the home
  • Must be Primary Residence
  • Approved Down Payment Assistance Program
  • Must Complete HUD Approved Home Buyer Counseling Class
  • Can Only be Used with a FHA Loan

Borrower Eligibility for PRMI DPA Advantage Grant Program

In order to be eligible to qualify for the 2% DPA Advantage Grant Program you must meet only ONE of the following categories: Keep Reading...

VA One Time Close Construction Loan

John Thomas May 3, 2019 Tags: ,
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What is a VA One Time Close Construction Loan? If you’re a Veteran or have a loved one who has served as member of the Armed Forces, you’ll understand sacrifices such as being away from family, missing the birth of your child, experiencing battle trauma—or worse. Perhaps one common challenge faced by Veterans when you finally make it home is difficulty integrating back into civilian life.

Needless to say, you are our heroes and you deserve the best benefits. One such benefit relates to housing. It’s called the VA One-Time Close Construction Loan. Call 302-703-0727 to talk to a VA Lending Specialist about a VA Construction or get started online APPLY ONLINE Keep Reading...

Mortgage Rates Weekly Update [April 28 2019]

John Thomas April 29, 2019 Tags: ,
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Mortgage Rates Weekly Update for April 28, 2019

Mortgage Rates Update for April 28, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates moved lower last week as mortgage bonds rallied off support. If you look at the mortgage bond chart below you can see mortgage bonds rallied off floor of support on Tuesday and broke through a tough ceiling of resistance on Friday putting mortgage bonds into position to follow through and rally higher in the coming week. We are recommending FLOATING Your mortgage rate to start the week to see if mortgage bonds can stay above the 25 moving average and continue to rally higher. Keep Reading...