There will be a Free Delaware First Time Home Buyer Seminar on Saturday November 22, 2008 at 10:00 AM. The seminar will last about 2 hours and each participate will be able to recieve 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, My Community loans, First Time Home Buyer Loan Programs and the Delaware USDA Rural Housing Program.
Each participate will recieve a Free Audio CD on Credit Scoring, Credit Scoring Handbook, Homebuying Handbook, and an opputunity to meet with a mortgage planner to be pre-approved to buy a home at the seminar.You will also learn importance of credit in buying a home and learn valueable 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 256 Chapman Rd, Suite 105, Newark, DE 19702. To register for the seminar, please call 302-368-7132 Ext 12 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
Other First Time Home Buyer Seminars
December 13, 2008 - Seasons Pizza on Rt 202 in Wilmington, DE at 10:00 AM
December 16, 2008 - Seasons Piza on Rt 202 in Wilmington, DE at 6:30 PM
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage
The financail markets had a nice recovery today Monday October 20, 2008. The mortgage backed securities started off for the fourth day in a row trading higher. The higher the Mortgage Bonds move the lower the mortgage rates go. The Federal Reserve chairman Ben Bernanke spoke today and it was very calming for the markets. We also saw stocks and treasuries having a good day.
Mortgage Bonds really spiked higher at the end of the day on news that PIMCO a Big Mutual fund that invests in bonds annouced it had more money invested in Mortgage Backed Securities than it ever had since 2000. This caused other players to start buying mortgage bonds. We had a very technically significant day because the 5.5% FNMA coupon and the 6.0% FNMA coupon both closed above the 200 day moving average.
We should see lower rates when lenders issue pricing on Tuesday morning. I am recommending floating as this momentum may continue and the bond may continue to rise. If you are closing in the next week you should probably lock your improvements now as we may see some pull back as traders take some profit.
If you need help or advice on your Delaware Mortgage Rate for your Delaware Home Loan, then call me at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com
If you are a Delaware First Time Home Buyer then you should sign up for our Delaware First Time Home Buyer Seminar this Saturday October 25, 2008 at 10:00 AM.
Visit www.DelawareMortgageLoans.net/seminars for complete list of seminars.
I can get you the best rates and programs for Delaware USDA Rural Housing Loans, Delaware FHA loans, Veteran Administration Loans (VA Loans), Delaware Conventional Loans, and Delaware Commercial Loans.
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage
The financial markets had another wild day today. The DOW Jones Industrial Average continued its impressive rally from yesterday going up nearly 400 pts before investors decided to lock in profits and caused a sell off that saw the DOW close down 76 pts. The mortgage bond market opened lower than it closed on Friday. Friday was a bad day for mortgage bonds and rates and today was no different. The bonds rallied early and appeared to have hit a bottom but then news of possible Fed Rate cut at meeting at end of October caused a sell off in bonds because fear of inflation.
The Feds announced plan to spend $250 billion to buy preferred shares of major banks and delievered its plan to help open up the commercial paper market.
Delaware Mortgage Rates saw lenders re-price late in the day for worse as the mortgage bonds sold off. My advice has been to lock in your rate as soon as you get a deal because there seems to be no bottom to the bond market at the moment. Rates have climbed to the highest they have been all year.
If you need help or advice on your Newark Delaware Mortgage Rate then give me a call at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.
If you are a Newark Delaware First Time Home Buyer then you should attend one of our monthly First Time Home Buyer Seminars by visiting www.DelawareMortgageLoans.net/seminars
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
The mortgage market along with the rest of the global economy suffered on Friday as Bonds, Stocks, and everything else except gold experienced huge losses. Mortgage backed securities sold off and broke through a support at the 200 day moving avergage for the 2nd day which is a strong technical signal that rates are going to continue to get worse.
The Bond market closed early on Friday at 2:00 PM and Mortgage Bonds lost 100 bps. This has pushed rates all the way up close to 7.0% on an FHA loan.
My advice is to LOCK to your loan because all signals say in the short term rates are getting worse.
If you need help with a Newark Delaware Mortgage Rate then give me a call at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com
If you are Newark Delaware First Time Home Buyer then you should register to attend one of our monthly Delaware First Time Home Buyer Seminars, visit www.DelawareMortgageLoans.net/seminars for complete list of seminars.
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage
There will be a Free Real Estate Investment Seminar on Wednesday October 15th from 6:30 PM till 8:30 PM at Primary Residential Mortgage's Office in Newark, DE. The seminar is on Getting Started in Real Estate Investing. The seminar will show you how to setup a plan for investing and how to get your self financially ready to invest, how to gather a power team around you, give you an action plan to buy your first rental property, how to do investing as a business, and how to analyze a property to determine if it is a good investment. Everybody is welcome, but must register in advance because space is limited. Each participate will receive a Free Audio CD on Real Estate Investing.
Please call 302-368-7132 and ask for John Thomas to register
Visit www.DelawareMortgageLoans.net/seminars for complete list of free seminars
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage
As a Certified Mortgage Planner, I help people achieve their dreams and goals by assisting them in designing financial strategies that work for each client to accomplish financial freedom.
I am truly passionate about my profession, and the result is that nearly 100% of my business is by referral from satisfied clients, trusted financial advisors and the most experienced realtors in Delaware. My mission is to carefully guide you through the entire home loan process, so that you feel confident as you make choices about the many options available for your financing strategy. With many years and a wide range of experience in the mortgage industry,my dedicated team stands ready to assist each and every step of the way.
You only think about home financing a few times during your life ~ I think about it every single day. It's your home and your future. It's my profession and my passion. I am ready to work for your best interest.
A Certified Mortgage Planner is unlike a traditional loan officer. As a mortgage planner, my role is to help you integrate the loan that you select into your overall long and short-term financial and investment plan, to minimize taxes and interest expense and improve cash flow. My team is dedicated to delivering superior mortgage advice and world-class customer service to you. Our goal is to take such great care of you and your loan that we earn your loyal business and your referrals to family and friends. Our success was built by referral...one happy client at a time.
I am able to direct lend as well as broker loans, so will be able to find the right lender with the right product. Being able to broker is extremely important in todays market because if you are with just a direct lender, that lender may be out of business before your loan closes, for example American Home Mortgage right here in Delaware left hundreds of people desparately searching for a loan when they closed their doors.
I am certified in FHA Loans, Reverse Mortgages, VA loans, USDA Rural Housing Program, First Time Home Buyer Programs, Commercial Lending, Construction Loans, Bankruptcy Buy-outs, Divorce settlements, and hard money lending.
Here is a recommendation from a top financial planner
"In my line of work (financial advisor) I often have the need of brining in a mortgage expert to work with my clients. I have recommended John many times, and have always been impressed with his level of expertise and have never been disappointed with his level of responsiveness to a particular client's need. Not only can he find the right product, but he will educate you on all the options and help you to understand the decision you are making." March 10, 2008
Top qualities: Great Results, Personable, Expert
Douglas MacGray, J.D., C.F.P.
hired John as a Mortgage Consultant in 2,006, and hired John more than once
This section, using real life examples, details how Mortgage Coach, my unique mortgage solution software, separates me from the rest of the mortgage industry by providing information to clients that other mortgage lenders don't think to offer; thereby, helping my clients make more informed decisions about the financing options available to them.
Case Study 1
A client is open to refinancing his mortgage to lower his rate, when rates fall below a certain level. With the Rate Watch Report, I can e-mail him/her (on a monthly basis) a comparison of current market rates and what the monthly savings would be. The client can then make more informed decisions based on current market data.
Case Study 2
A client wants to refinance his loan to lower his monthly payments. However, he's not sure consolidating his credit debt into his mortgage makes financial sense. With the Debt Free Analysis, I can show the client how paying consumer debt through refinancing can be beneficial to him and what those benefits total in monthly savings.
Case Study 3
A client doesn't know what mortgage rate/cost structure is the most beneficial for their situation. Unlike what you may have heard from the news media, The Lowest Rate is Not Always The Best Loan. With my Total Cost Analysis, I can provide a comparison of 3 to 4 rate/cost scenarios, allowing the client to pick the one that best fits their lifestyle and future plans.
Case Study 4
A client is purchasing a property with less than 20% down payment (which typically requires Private Mortgage Insurance or PMI), but doesn't know the options available to him/her. With my PMI Comparison Analysis Report, I can show that a 1st and 2nd loan combination, instead of PMI (Private Mortgage Insurance), will reduce monthly payments, increase tax deductions and increase equity.
Case Study 5
A client is concerned about living paycheck-to-paycheck and is considering either ending monthly investment in their retirement account/investments or canceling an insurance policy to free up monthly cash. With our Equity Repositioning Report I can show them how refinancing and continuing to contribute to their investments can not only increase their monthly cash flow but will also help them invest more fully in their financial future.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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