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Delaware First Time Home Buyer Seminar December 14, 2013

John Thomas November 16, 2013 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Delaware First Time Home Buyer Seminar on Saturday, December 14, 2013, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD-approved home buyer counseling required for Delaware First Time Home Buyer Programs.
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Delaware Mortgage Rates Weekly Update for November 11, 2013

John Thomas November 10, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly update for the Week of November 13, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates Surged Higher to end the week after a better than expected October Jobs Report was released. If you look at the mortgage bond chart below you can see the big red candle down on Friday which was a sell-off in mortgage bonds on Friday. Hopefully, you took our LOCK recommendation last week if not then we are recommending FLOATING your Delaware mortgage rate to start the week but be very cautious as mortgage rates could continue to climb higher if the markets feel the Feds will start tapering in December 2013 versus waiting until March 2014. Keep Reading...

Delaware Mortgage Rates Weekly Update for November 4, 2013

John Thomas November 3, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of November 4, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates ended the week slightly worse than they started as mortgage bonds sold off on Friday after better than expected manufacturing news was released. If you look at the mortgage bond chart below you can see that mortgage bonds traded in a tight range and then sold off on Friday closing below the 200 days moving average. We are recommending LOCKING your Delaware Mortgage Rate to start the week as mortgage bonds could continue to sell off after closing below the 200-day moving average. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for October 28, 2013

John Thomas October 28, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of October 28, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates moved to the lowest level in four months after the September Jobs Report released. If you look at the mortgage bond chart below you can see mortgage bonds jumped higher after the jobs report was released and pushed mortgage bonds to 4 months high. We are recommending cautiously FLOATING your Delaware mortgage rate ahead of the Federal Reserve Meeting on Wednesday. Keep Reading...

Delaware Mortgage Rates Weekly Update for October 21, 2013

John Thomas October 20, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly market update for the Week of October 21, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates ended the week lower as the uncertainty in the market helped rally the bond market. If you look at the mortgage bond chart below you can see mortgage bonds closed Friday below the 200 days moving average and we are seeing a double top pattern emerge. The double top will probably cause traders to sell off and move mortgage rates higher in the short term. We are recommending LOCKING your Delaware Mortgage Rate as the risk is for rates to move higher from here after hitting 200-day moving average and the double top trading pattern. Keep Reading...

Maryland Home Buyer Seminar November 16, 2013

John Thomas October 20, 2013 Tags: , , ,
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Maryland First Time Home Buyer Seminar

There will be a Maryland First Time Home Buyer Seminar on Saturday, November 16, 2013, at 10:00 AM till Noon. 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 Maryland. The seminar will cover Maryland FHA loans, Maryland VA loans, Maryland USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Maryland FHA 203k Rehab loans. Each participant will receive a Free Credit Scoring Handbook, Free Home Buying Handbook, and an opportunity to meet with a certified mortgage planner to be pre-approved to buy a home at the seminar. You will also learn the importance of credit in buying a home and learn valuable tips on how to improve your credit score. Learn what programs are available to help with down payment and closing costs. The new loan limits for conventional and FHA will be covered as well as changes to borrowing 100% financing.
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Delaware First Time Home Buyer Seminar November 16, 2013

John Thomas October 19, 2013 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Delaware First Time Home Buyer Seminar on Saturday, November 26, 2013, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD-approved home buyer counseling required for Delaware First Time Home Buyer Programs.
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Primary Residential Mortgage Will Waive Tax Transcript Requirement During Government Shutdown to Avoid Closing Delays

John Thomas October 4, 2013 Tags: ,
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IRS Tax Transcript

Primary Residential Mortgage, Inc. will waive the Tax Transcript Requirements during the Government Shutdown to avoid delays in closing loans.

In response to the possibility of a prolonged government shutdown because of the budget impasse in Washington, D.C., the Primary Residential Mortgage Executive Team has made the following decision, effective immediately, in regards to helping our customers:

  • The requirement having two years validated tax transcripts in the loan file prior to closing will be waived. However, the file must include two years federal tax returns signed and dated by all borrowers prior to closing, and the 4506T must be completed in full and signed and dated by all borrowers
  • Underwriters must review these documents and will add condition #19 that states:
    • Due to the government shutdown, we are unable to obtain the required 4506T transcripts. The following is in the file:
    1. Two years federal tax returns signed and dated by all borrowers.
    2. 4506T signed and dated by all borrowers.
    3. It is acceptable to close the loan without the transcripts during the government shutdown.

    If have questions or concerns about qualifying for a mortgage to purchase or refinance a home, please call me or my team at 302-703-0727 or you can apply online. Keep Reading...