Tag Archives: Delaware
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 [...]
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 [...]
Paying if Forward – A Great Way to Start 2013
This week I was asked to meet with a senior homeowner who happened to live in Maine  Her daughter called me and asked if I would speak with her Mother while she was visiting here in Delaware for the Holidays I told the homeowner's daughter that I was not licensed in Maine, but would be happy Read more [...]
Delaware Home Sales Strengthened in November
As reported in the Wilmington News Journal, real estate sales were up 8 6% in New Castle County, 15 4% in Kent County and 28 7% in Sussex   Not only were sales up, but prices showed an increase in all 3 counties, rising 11 7% in New Castle County, 9% in Kent County and 7 7 percent in Sussex Read more [...]
Considerations before buying a short sale home in Delaware
You've considered moving, but the home you are buying is either a foreclosed or short sale property.  You're not sure just how it works when purchasing such properties. The home is priced right, but you need to know more before proceeding. Listed below are the concerns for buyers who wish to purchase Read more [...]
7 Easy Steps to Get a FHA 203K Loan Completed in Delaware
You found a house you would really like to buy.  The house is in a great Delaware neighborhood, it's perfect for your size family, but it needs some work.  You don't have tons of cash to make the repairs and upgrade the kitchen or other rooms and still make the down payment. You need a mortgage Read more [...]
9 Considersations Before A Home Purchase in Delaware
You live in Delaware and currently own your home, but your family has grown or perhaps you're retiring and want to down size.  Everyone has a different reason for buying their next home.  You have purchased a home before and have a good idea of what to expect when making your home purchase.  Read more [...]