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Mortgage Rates Weekly Update [July 14 2019]

John Thomas July 14, 2019 Tags: ,
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Mortgage Rates Weekly Update for June 2, 2019

Mortgage Rates Update for July 14, 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 higher last week after following through on a sell off started the previous Friday. If you look at the mortgage bond chart below you an see red candle on Friday July 6th and ended at floor of support which held Monday of last week but Tuesday we broke through Support and battled it till Thursday and bad Auction sent mortgage bonds on a sell off through the next floor of support at the 25 day moving average which is now acting as a ceiling of resistance. Mortgage bonds did end on Friday with a green candle as bond moved back up towards the 25 moving average but were turned lower. We are recommending LOCKING your mortgage rate if closing in the next 30 days as there is plenty of room for mortgage bonds to get worse before the next floor of support and a tough overhead resistance at 25 day moving average. Long term outlook is still for mortgage rates to move lower but short term trend is bearish. Keep Reading...

VA Renovation Loan Program

John Thomas July 12, 2019 Tags: , , , , , , , , , ,
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This VA Loan Helps Finance Veterans’ Home Renovations!

VA Renovation Loan – We respect and value our Veterans. That’s why we have a special loan program that will help Veterans finance their home renovations. So if you’re a Veteran who is eager to build equity by upgrading your property, call us today at 302-703-0727 to get started, or you can APPLY ONLINE.

What Is a VA Renovation Loan?

The VA renovation loan is a VA-guaranteed loan program that allows qualified homebuyers to purchase or refinance a home and finance its repairs, renovations and/or improvements. It is a one loan and one closing that includes an escrow account to make the repairs after closing. Keep Reading...

ITIN Loan Program

John Thomas June 7, 2019 Tags: ,
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ITIN Loan Program Takes Foreigners and Immigrants Closer to the American Dream!

Are you a foreign national or immigrant who wants to own a home in the US? The ITIN Loan Program may be the perfect solution for you. The Individual Tax Payer Identification Number mortgage loan provides financing for the purchase or refinance of a home foreigners or immigrants who may not meet the requirements for more traditional mortgage loans because they do not have a social security number. Call 302-703-0727 to get started applying for an ITIN Loan or APPLY ONLINE. Our ITIN Program is designed for borrowers who live and work in the US, that have a valid ITIN number and file US tax returns under their ITIN. Borrowers can be W2 or Self-Employed. Keep Reading...

Mortgage Rates Weekly Update [June 2 2019]

John Thomas June 2, 2019 Tags: ,
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Mortgage Rates Weekly Update for June 2, 2019

Mortgage Rates Update for June 2, 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 last week at the lows of the year as mortgage bonds were able to break above a very tough ceiling of resistance after stock market sold off from Tariffs threatened against Mexico by President Trump. If you look at the mortgage bond chart below, you can see the big green candle on Friday that closed well above ceiling of resistance. If mortgage bonds can confirm this break above the resistance on Monday then we could see mortgage rates move even lower so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Investor Cash Flow Loan Program – DSCR Loans

John Thomas May 29, 2019 Tags: ,
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Grow Your Real Estate Investments! Take an Investor Cash Flow Loan

Are you a Real Estate investor who is hoping to maximize your earning potential? Then we’re excited to present you with the DSCR Investor Cash Flow Loan Program for the purchase or refinance of an investment property without having to document your income to qualify. We will qualify you off the cash flow of the property you are buying or refinancing. Call 302-703-0727 to get started today or you can APPLY ONLINE.

Now What Is an Investor Cash Flow Loan aka DSCR Loan?

The Investor Cash Flow Mortgage Loan or DSCR Loan allows a real estate investor to use the cash flow on the subject property to be used to qualify for the new mortgage loan. The program covers loans for non-owner occupied properties between one and four units. No tax returns or employment information is required to qualify for the loan. There is no limit to the number of financed properties. This innovative program can be used effectively to build a portfolio of income generating properties. Keep Reading...

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...