Maryland First Time Home Buyer Seminar September 14, 2014

John Thomas August 17, 2013 Tags: Maryland First time home buyer, Maryland home buyer class, Maryland Home Buyer Seminar, Maryland home buyer workshop

Maryland First Time Home Buyer Seminar

There will be a Maryland First Time Home Buyer Seminar on Saturday, September 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 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 Credit Scoring Handbook, 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 September 14, 2013

John Thomas August 17, 2013 Tags: Delaware First Time Home Buyer Seminar, delaware home buyer class, delaware home buyer seminar, delaware home buyer workshop

Delaware First Time Home Buyer Seminar

There will be a Delaware First Time Home Buyer Seminar on Saturday, September 14, 2013, at 10:00 AM till Noon. The seminar is held every month in Newark, Delaware, and Dover, Delaware. 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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Dover Delaware First Time Home Buyer Seminar August 24, 2013

John Thomas August 17, 2013 Tags: delaware home buyer class, delaware home buyer seminar, delaware home buyer workshop, Dover Home Buyer Seminar, first time home buyer seminar

Delaware First Time Home Buyer Seminar on Saturday, August 24, 2013, at 10 AM in Dover, Delaware. 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 new 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. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for August 12, 2013

John Thomas August 11, 2013 Tags: Delaware Mortgage Rates, Delaware mortgages, John Thomas, mortgage loans, primary residential mortgage

Delaware mortgage rates weekly market update for the week of August 12, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates again ended the week about where they started the week as mortgage bonds have traded in a tight range in the last couple of weeks. If you look at the mortgage bond chart below you can see that mortgage bonds hit their lowest point in over 2 years at the beginning of July, they have since bounced off the lows but now remain trading just below the long term falling trend line we have been talking about. In order for home loan rates to move much lower, the bond needs to break above the falling trend line. We are recommending FLOATING your Delaware mortgage rate to start the week to see if the bond can break above this falling trend line and start a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Update for August 5, 2013

John Thomas August 4, 2013 Tags: Delaware Mortgage Rates, Delaware mortgages, Delaware Refinance, John Thomas, mortgage loans, primary residential mortgage

Delaware mortgage rates weekly market update for the week of August 5, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates ended the week right about where they started after a wild ride from Monday to Friday. If you look at the mortgage bond chart below you can see mortgage bonds ended the week at 100.81 which was almost where it started the week which was 100.88 which means mortgage interest rates are about the same at the end of the week. But if you look at the in-between days you can see mortgage rates surged higher into Wednesday ahead of the Fed Minutes then rebounded lower at the end of the day on Wednesday then surged higher on Thursday and they rebounded lower on Friday after the July 2013 Jobs Report was released. We are recommending FLOATING your Delaware mortgage rate to start the week to see if bonds can build on the momentum and have a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for July 29, 2013

John Thomas July 28, 2013 Tags: Delaware Mortgage Rates, Delaware mortgages, Delaware Refinance, John Thomas, mortgage loans, primary residential mortgage

Delaware mortgage rates weekly market update for the week of July 29, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates ended the week about where they started as the mortgage bond was stopped from moving higher by the long term downward trend line. If you look at the mortgage bond chart below, you can see mortgage bonds still have not been able to break above the falling blue trend line that is moving mortgage bonds lower and Delaware mortgage interest rates higher. The mortgage bond was able to close above the 25 days moving average for 2 days in a row which is great news and hasn’t happened since April 2013. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can build on the momentum of closing above the 25 days moving average. Keep Reading...

Delaware FHA Good Neighbor Next Door Loan Program

John Thomas July 25, 2013 Tags: Delaware FHA Loan, FHA Firefighter Next Door Program, FHA Teacher Next Door Program, Good Neighbor Next Door Program, Officer Next Door Program

Delaware FHA Good Neighbor Next Door (GNND) is the new name for an old FHA Loan Program. Most of you may know it as the Delaware Teacher Next Door Program or Delaware Officer Next Door Program. In 2005 HUD changed the program to include firefighters and emergency medical technicians (EMTs).

If you would like to apply for the Good Neighbor Next Door Program, please give us a call at 302-703-0727 or apply online

Highlights of the Delaware Good Neighbor Next Door Program:

Specifically for designated HUD homes in revitalization areas
$100 down
50% discount (provided by HUD as a silent second mortgage)
Silent second mortgage released after buyer occupies as a primary residence for 36 months
Active Duty Military Deployment is not considered an occupancy violation
All equity/profit is a buyer’s after an initial 36-month period (Silent Second Mortgage Forgiven!)
HUD doesn’t pay closing costs, prepaids, or selling agent commission; however, ALL can be rolled into new FHA loan
Bid MUST be submitted by registered HUD Real Estate Agent

Eligible borrowers are:

Law enforcement officers with arrest powers not limited to geographic area (Example: Military police with arrest powers limited to a military base are not eligible.)
Pre-K through 12th-grade teachers
Firefighters and/or EMTs

Additional borrower criteria: Keep Reading...

Delaware Mortgage Rates Weekly Update for July 22, 2013

John Thomas July 22, 2013 Tags: Delaware Mortgage Rates, Delaware mortgages, mortgage loans

Delaware mortgage rates weekly market update for the week of July 22, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates improved again this week as mortgage bonds were able to rally to end the week on comments from Federal Chairman Ben Bernanke who reaffirmed that the Feds easy money policies would continue into 2014. If you look at the mortgage bond chart below you can see mortgage bonds bounced off the 2 years low on July 8th and have continued to rally since setting a short term trend for mortgage bonds to trade higher. When the mortgage bond price moves higher, mortgage interest rates move lower so Delaware mortgage rates have moved lower since hitting 2 years high. On Friday, mortgage bonds were able to close above the 25-day moving average which is a bullish sign for bonds to continue to move higher so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

(302) 703-0727

Delaware First Time Home Buyer Seminar