Check Your Potential Eligibility for HARP 2.0 Refinance
Many folks call to ask what is a HARP 2 0 all about The Answer: The Home Affordable Refinance Program (HARP) is a program designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value Our term for this is called "underwater "   Read more [...]
Update! Are mortgage interest rates starting to rise?
Freddie Mac reported Thursday in its weekly update that the average interest rate on 30 year, fixed rates moved upward this week, to 3 42%   This is the highest levle since September 29, 2012 In comparison, last week's average rate was 3 38%   When you compare rates from 30 years ago, rates Read more [...]
New mortgage guidelines for borrowers continue to evolve
Just a mere 4 years ago a question often forgotten was, “Do you have the ability to repay your mortgage?”  The question was simply not on the forefront of the minds of borrowers   Prior to the financial meltdown there was a feeding frenzy to buy homes, often without consideration Read more [...]
Buying a home in Delaware – Consider Ability to Repay Mortgage!
Just a mere 4 years ago the question “Do you have the ability to repay your mortgage?” was not on the forefront of the minds of consumers purchasing homes There was a feeding frenzy to buy homes regardless of the ability to repay the loan The prevalent thought at the time Read more [...]
Veterans Can Benefit by Lowering Current VA Mortgage Rates
Do you currently have a VA Loan?  If so, you may  find it beneficial to explore getting a VA Interest Rate Reduction Refinance Loan (IRRRL), commonly referred to by lenders as VA Streamline Refinance. Many Veterans here in Delaware, Maryland and Pennsylvania are seeing the benefits from this Read more [...]
Are Home Prices Going Up or Coming Down in Delaware?
If you are in the market to purchase a home in Delaware, there are several important questions you should be asking: Is now the right time to buy a house? Are housing prices going to go any lower? Did I miss out and are housing prices starting to rise?   Based on the most recent published Read more [...]