Mini Mortgage Questionaire
Posts By John R. Thomas
There will be a Free Delaware First Time Home Buyer Seminar on Saturday August 7, 2010 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 [...]
If you currently have a Delaware VA Loan with an interest rate of 5.5% or more than you need to refinance now to an all time low rate!! Rates have hit all time low and Veteran Loans have special refinance option that allows you to just reduce your interest in a streamlined fashion. The loan [...]
There will be a Free First Time Home Buying Seminar on July 24, 2010 at the Christiana Hilton Hotel in Newark, DE from 10 AM till Noon and again from 1:00 PM till 3:00 PM. The seminar will cover everything you need to know in order to purchase a home in Delaware, Maryland, or Pennyslvania. [...]
If you are a Delaware Home Owner who currently as an FHA Mortgage Loan with a rate of 5.5% or higher, you should get a free analysis now to see whether you can qualify for an Delaware FHA Streamline Refinance. Rates are as low as they have ever been in history so now is the [...]
HECM Counseling Requirements
The U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2009-10 to clarify issues regarding HECM counseling for prospective borrowers and to reiterate the requirements of Mortgagee Letter 2004-25 previously published on June 23, 2004. HUD stressed that prospective borrowers must initiate the request for counseling. “The lender may not [...]
On May 26, 2010 Rural Development released an updated to the USDA Rural housing program that said they would begin issuing conditional commitments now that funds have run out. Any new loan with a conditional commitment will have an increased funding fee that is paid to Rural Development for guaranting the loan.
The guarantee fees that [...]

