(302) 703-0727

(302) 703-0727

Primary Residential Mortgage – Introduction to the Best Delaware Mortgage Company

John Thomas February 16, 2012 Tags: , ,
featured image

Best Delaware Mortgage Company – Primary Residential Mortgage, Inc.

Primary Residential Mortgage is the Best Delaware Mortgage Company and the only mortgage lender you should choose in the state of Delaware.  Primary Residential Mortgage is a mortgage banker that is located at 248 E Chestnut Hill Rd, Newark, DE 19713.  Call 302-703-0727 to schedule a free mortgage planning consultation for the purchase or refinance of a home in Delaware or you can APPLY ONLINE.

Introduction to Primary Residential Mortgage by John R. Thomas

What Does the Best Delaware Mortgage Company Do?

Primary Residential Mortgage Originates, Processes, Underwrites, and Funds all of their own loans.  PRMI provides all of the loan options available today in the market which include the following: Keep Reading...

Delaware Mortgage Rates Weekly Update for February 13, 2012

John Thomas February 13, 2012 Tags: , , , , ,

Delaware Morgage Rates Weekly Update for February 13, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.

Delaware mortgage rates weekly update by John R. Thomas

Delaware mortgage rates have started the week slightly higher as bond market has sold off last week and started a downward trend. When bond prices move down mortgage interest rates move up. The stock market has been having a great start to 2012, S&P is up 7.5% year to date as of February 10, 2012, this has taken money out of the bond market causing home loan rates to rise from historic lows. Keep Reading...

Six Reasons Why Now is a Perfect Time to Buy a Home in Delaware

John Thomas February 9, 2012 Tags: ,

Six Reason Why Now is a Perfect Time to Buy a Home in Delaware by John R. Thomas from Primary Residential Mortgage and Jeff Garvey from Keller Williams Realty. Call 302-703-0727 to get qualified for a mortgage to purchase or refinance a home in Delaware. You can also APPLY ONLINE.

Six Reasons Why now is a Perfect Time to Buy a Home in Delaware

  1. Reason 1 -Homes have never been more affordable
  2. Reason 2 – Mortgage Rates are at all time historic lows
  3. Reason 3 – Sellers are motivated to sell their homes
  4. Reason 4 – Lenders are back in the game
  5. Reason 5 – Owning is Cheaper than Renting
  6. Reason 6 – Homeownership is still the American Dream

If you would like to apply for a mortgage to be pre-approved to purchase or refinance a home in Delaware call 302-703-0727 or you can APPLY ONLINE.

John R. Thomas – NMLS 38783 Keep Reading...

Delaware Mortgage Rates Weekly Update for February 6, 2012

John Thomas February 7, 2012 Tags: , , , ,

Delaware Mortgage Rates weekly update for the week of February 6, 2012, by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 to get a free mortgage consultation or APPLY ONLINE NOW.

Delaware mortgage rates by John R. Thomas

Delaware mortgage rates have started the week higher because of an unexpected increase in the nonfarm payroll at 243,000 jobs created versus the 170,000 expected. This was good news to the stock market rallied pulling money out of the bond marketing causing interest rates to rise.  Delaware mortgage rates are still near all-time historic lows so now is a great time to purchase a new home in Delaware or refinance your current mortgage loan. Keep Reading...

Delaware Mortgage Rates Weekly Update for January 30 2012

John Thomas January 30, 2012 Tags: , , , , ,

Delaware mortgage rates weekly update for January 30, 2012, by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 for a free mortgage consultation if you are planning to purchase or refinance a home in Delaware or APPLY ONLINE.

Delaware mortgage rates weekly update for January 30, 2012

Delaware mortgage rates touched all-time lows again when the mortgage bonds were traded to all-time record high on the news that Europe punted on fixing the debt concerns, Federal Reserve extend forecast for low rates from 2013 to the end of 2014 which signals economy is not expected to rebound anytime soon, and the GDP report showing only a 2.8% versus the expected 3.2%. Keep Reading...

Delaware Mortgage Rates Weekly Update for January 23, 2012

John Thomas January 23, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for the week of January 23, 2012, brought to you by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 to request a free mortgage planning consultation or APPLY ONLINE.

Delaware Mortgage Rates Weekly Update for January 23, 2012

Delaware mortgage rates opened worse today as the mortgage bond market sold off last week. Mortgage bonds are off their all-time highs so Delaware mortgage rates have increased from the all-time historic lows. The reading on inflation last week came our hotter than expected for the Producer Price Index at about 3%. News of a deal almost reached for solving the debt problem in Greece also was seen as good news so traders were moving money out of the bonds and into stocks. Keep Reading...

Congress votes to increase Delaware mortgage rates through increased Guaranty Fee – 2012

John Thomas January 20, 2012 Tags: , ,

Delaware mortgage rates will be increasing in the first quarter of 2012 for all conventional loans backed by Fannie Mae and Freddie Mac because of the bill to extend payroll cut extension for two months. Two-month extension costs borrowers for the next 10 years! You need to act fast to avoid the interest rate increase, call now at 302-703-0727 or APPLY ONLINE to avoid paying this higher rate.

The U.S. Congress recently passed a two-month payroll tax cut extension. The $33 billion packages are funded by a 10-year increase in the Guaranty Fees that Fannie Mae (Fannie) and Freddie Mac (Freddie) charge lenders to guarantee home loans. Keep Reading...

New Castle County VHAP Program deadline January 31, 2012

John Thomas January 20, 2012 Tags: , , ,

The New Castle County Vacant Home Program called VHAP for short has run its course as a forgivable loan after 5 years. The county has set a deadline of January 31st for any application for the VHAP program which will give up to $10,000 for down payment and closing costs that is forgiven if you live in the home as your primary residence for 5 years. If you would like to apply for a mortgage using the VHAP program call 302-703-0727 or you can APPLY ONLINE and we can get you started.

The County will be transitioning to a new Vacant Home Program called VHAP2 which will be a deferred loan instead of a forgivable grant. The new program is set to roll out on March 1, 2012, so there will be a gap in availability of this program from February 1, 2012, till March 1, 2012, when the new program is set to roll out. Details of the new program have not been released yet. Keep Reading...