(302) 703-0727

(302) 703-0727

Delaware State University Won’t Raise Tuition Rates for 2009

John Thomas August 7, 2009

Delaware State University is the only college in Delaware that won’t raise its tuition rates for the 2009 school year this fall. The tuition this year for an in-state undergraduate student will be $6,481. This is still a huge jump from 2003-2004 school year which was $3,996. Out of state tuition, this year for Delaware State University students will be $13,742, which is the same as last school year.

Room and Board rates at Delaware State University are increasing by 3 percent for the fall 2009 semester.

For more information on Delaware State University, please visit the official website at www.DESU.edu Keep Reading...

University of Delaware Tuition Increasing by Nearly 10 percent for 2009

John Thomas August 7, 2009

University of Delaware Students registering for the Fall of 2009 with see a nearly 10% increase in the tuition. The increase in tuition was attributed to the need to pay for financial aid. An in-state student will pay annual tuition of $8,540 and an out of state student will pay $22,240. U of D previously announced a 6.6 percent increase in residence hall rates and a 7.5 percent increase in dining rates.

So in the middle of a recession, school is going to cost middle-income Americans more. Middle-income Americans have to pay more tuition to support the financial aid for students who can’t pay. School officials said raising tuition is the only way to pay for the financial aid U of D has promised to Delaware students. The University said the state had no money to give and gifts are tough to get in this recession so the only option was to raise tuition. Keep Reading...

Delaware First Time Home Buyer Seminar – August 15, 2009

John Thomas July 29, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday, August 15, 2009, at 10:00 AM and again at 1:00 PM. 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 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. Learn how to get $8,000 tax credit for buying a home in 2009. That is a check for $8,000 from the IRS to you at tax time just for buying a home!  The best thing is you don’t have to ever pay the $8,000 back!!

Each participant will receive a Free Audio CD on Homebuying 101, Credit Scoring Handbook, Homebuying Handbook, and an opportunity to meet with a 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. Keep Reading...

Delaware First Time Home Buyer Seminar – Saturday July 25, 2009

John Thomas July 2, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday, July 25, 2009, at 10:00 AM and again at 1:00 PM. 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 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. Learn how to get $8,000 tax credit for buying a home in 2009 that is a check for $8,000 from the IRS to you at tax time just for buying a home!  The best thing is you don’t have to ever pay the $8,000 back!!

Each participant will receive a Free Audio CD on Homebuying 101, Credit Scoring Handbook, Homebuying Handbook, and an opportunity to meet with a 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. Keep Reading...

Delaware Mortgage Rates – Friday – June 26, 2009

John Thomas June 26, 2009

This is my advice on floating or locking your loan for Friday, June 26, 2009.

Mortgage Rates jumped up on May 27, 2009, because mortgage-backed securities sold off and dropped like a rock. When the price of the bonds go down rates go up. Mortgage Rates again dropped even more on June 4, 2009. Rates hit 6.0%.  This left many borrowers shocked and amazed because they were holding out hoping rates go even better then they were before May 27th. Hopefully, consumers learned a valuable lesson. Will rates get back to the 4s? Most people in the know don’t think so. Keep Reading...

Delaware First Time Home Buyer Programs – New Castle County Programs

John Thomas June 23, 2009 Tags: , , , , ,
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Delaware First Time Hom Buyer Programs

New Castle County Delaware has Two First Time Home Buyer Programs:

New Castle County Down Payment Settlement Program (DPS)

The New Castle County Down Payment Settlement Program is a Delaware first time home buyer program that gives first time home buyers deferred payment loans for up to $5,000 to cover customary settlement costs and required down payment to purchase a home located in New Castle County, Delaware.  The loan is an 8-year loan that requires no payment for the first 3 years of the loan.  The loan is then repaid over the last 5 years at an interest rate of 3%.  If a loan is paid off in the first 3 years then no interest is charged.  The residence must be borrower’s primary residence throughout the duration of the loan.  Call 302-703-0727 to apply for the program or APPLY ONLINE Keep Reading...

Delaware First Time Home Buyer Programs – Delaware Bond Program

John Thomas June 10, 2009 Tags: , , , ,
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Delaware Bond Program for First Time Home Buyers

Delaware First Time Home Buyers have several options for first time home buyer programs.  The State of Delaware has several programs available for home buyers in all 3 counties (New Castle, Kent, and Sussex) of Delaware.  The Delaware Bond program is governed by The Delaware State Housing Authority.  The program is called The Single Family Mortgage Revenue Bond Program.  The program is commonly referred to as the Delaware First Time Home Buyer Program but is only one of many different programs available in Delaware.  Call 302-703-0727 to apply for the program or APPLY ONLINE Keep Reading...

Delaware First Time Home Buyer Seminar – June 20, 2009

John Thomas May 31, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, June 20, 2009, from 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 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 203k Rehab loans. Learn how to get $8,000 tax credit for buying a home in 2009, that is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!! Keep Reading...