First Time Home Buyer Tax Credit for 2009
John Thomas
May 31, 2009
Here are the highlights for the First Time Home Buyer Tax Credit for buying a home in 2009.
(302) 703-0727
First Time Home Buyer Seminar – June 27, 2009
John Thomas
May 30, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday, June 27, 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 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.
Delaware First Time Home Buyer Seminar – May 30, 2009
John Thomas
May 19, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday, May 30, 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 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.
The Seminar is being held at The Seminar is being held at Christiana Hilton Hotel 100 Continental Drive, Newar, DE 19713 from 10:00 AM till 12:00 PM and a second session from 1:00 PM till 3:00 PM. To register for the seminar, please call 302-588-3665 and ask for John Thomas. You can also e-mail me at DelawareMortgages@yahoo.com
For a Complete list of seminars visit www.DelawareMortgageLoans.net/seminars
If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.
Delaware First Time Home Buyer Seminar – April 18, 2009
John Thomas
April 8, 2009
There will be a Free Delaware First Time Home Buyer Seminar on Saturday, April 18, 2009, at 10:00 AM. 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!!
New $8,000 Tax Credit for Delaware First-time Home Buyers
John Thomas
March 30, 2009
Great news for first-time home buyers in 2009! The stimulus plan that President Obama signed into law contains a new $8,000 tax credit for qualified first-time home buyers. And, unlike the $7,500 tax credit from last year, this credit does NOT have to be repaid to the government, as long as you stay in the home for at least 36 months after the purchase date. Remember, a tax credit is much more valuable than a tax deduction. A tax credit reduces dollar for dollar the amount of tax you owe. A deduction merely reduces the amount of your income that is taxable. This means the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Who?
FHA Cash-out Refinances Just Got Tougher in Delaware
John Thomas
March 23, 2009
Effective April 1, 2009, Delaware homeowners looking to take cash out on their homes, will have a tougher time.
According to a letter issued by the Federal Housing Authority (FHA), FHA plans to make it tougher for borrowers to secure a cash-out refinance mortgage.
Until now homeowners only needed to have 5% equity in their properties and have a record of on-time payments for at least the last twelve months. January 1, 2009, FHA required two appraisals for cash-out above 85% LTV. Now there are eliminating cash-out above 85% LTV all together for Delaware Home Owners.
Delaware Mortgage Rates – March 17, 2009
John Thomas
March 17, 2009
This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday, March 17, 2009.
The stock market closed up today over 150 points. The mortgage-backed securities closed up 6 basis points as the bond market waited for what the Federal Reserve will say tomorrow after their meeting. The federal reserve will be discussing if they will continue buying mortgage-backed securities after June and if they will start buying Treasuries. This should help to keep rates low.
I recommend FLOATING your Delaware Mortgage Rate into tomorrow’s meeting.
Delaware FHA Loan Changes – Max LTV going to 85% for cash-out on April 1st
John Thomas
March 16, 2009
Tags: Delaware FHA Loan
FHA loans will currently let you take cash out of your home up to a maximum of 95% loan to value. The guideline changed on January 1, 2009, to require you to have two appraisals for cash-out above 85% loan to value. Now the guidelines will change again on April 1, 2009, so that the maximum loan to value for cash-out refinances in Delaware for FHA loans will be 85%. If you get your FHA case # assigned before April 1, 2009, you can still go to 95% on your loan. So you don’t have to close by April 1st.
So if you have been considering refinancing to do debt consolidation then you need to hurry up because debt consolidation is considered cash-out. If you have questions or need help with an FHA loan, please call me at 302-703-0727 or APPLY ONLINE
John R. Thomas – NMLS 38783
Certified Mortgage Planner – Primary Residential Mortgage, Inc.
302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office
248 E Chestnut Hill Rd, Newark, DE 19713
