Delaware

Yesterday was a glorious day (finally), and I was fortunate enough to get to spend it doing some of my favorite things with one of my most favorite people! We spent 3 hours (count 'em, 3), picking blueberries at Blueberry Lane Farm and Market in Frankford, Delaware.

Blueberry Lane Farm was established in the early 1950's as Ryan's Berry Farm. It has grown through the decades and now boasts 80 acres of blueberries, blackberries and siberian kiwi. Learn more at www.blueberrylanefarm.com. Although one can buy berries already picked, fresh or frozen, the most economical and fun way to achieve berriness is to pick them onesself. My friend and I each picked over 13 pounds! That's a lotta muffins!! I must admit, however, that our picking rate was not very good. It wasn't until we were driving away from the field that we noticed a section with bushes absolutely loaded to the gills (do blueberry bushes have gills?--don't think so), with berries. A return visit on this REALTOR's next day off is in the early planning stages even as I type.

But wait...there's more! After settling up with the blueberry lady and checking for ticks, we were off to our next stop...Serendipity Quilt Shop in Dagsboro. Serendipity just celebrated its one year anniversary (Congrats!) in June, and showcases over 2,000 bolts of fabric at its Main Street location. I didn't buy anything (this time), but it is against the Quilter's Code to be within 30 miles of a quilt shop and not stop to at least look. You can take a virtual tour at www.serendipityquiltshop.com.

Finally, it was time to eat something more than blueberries. We had crab quesadillas at El Dorado on Rt. 24--delicious!! It gave great renewed energy so we could go home and wash, dry, freeze and eat more blueberries! Now I'm refreshed and ready to get back to work, helping my Buyers find, negotiate and purchase their dream home at the beach.

There will be a Free Delaware First Time Home Buyer Seminar on Saturday July 25, 2009 at 10:00 AM and again at 1:00 PM. 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, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Delaware FHA 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 participate will recieve a Free Audio CD on Homebuying 101, 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 The Seminar is being held at The Embassy Suites Hotel at 654 South College Ave , Newark, 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

John R. Thomas - Certified Mortgage Planner - FHA & USDA Specialist

Primary Residential Mortgage, Inc.

Our portfolio true jumbo mortgage rates continue to trend downward this week in New Castle County, DE. Despite the 2009 conforming loan limit remaining at $420,000 in New Castle County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. All of Delaware's 3 Counties loan limits remain around 417k.

Currently we have the following Jumbo Rates with 0 points as of business close on 7/1/2009:

10/1 ARM 5.5% 5.55% APR

30/15 Balloon 5.75%** 5.79% APR**

30 Year Fixed 5.875%** 5.94% APR**

7/1 ARM 5.125% 5.155% APR

Typical minimum FICO scores of 680/700. Full Doc loans only. Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. This is also a great program for second home financing. We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in New Castle County, DE, as well USDA loans in qualified RD areas. Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo loans available in New Castle County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

This past Saturday, Schell Brothers Pepper's Creek communities held two events that both turned out to be a hit! To start the day, the Woodlands of Pepper's Creek held a Kids Day from 9am-1pm which was filled with all kinds of events. Everything from water balloon and bean bag tosses to face painting and moon bounces. We even held our first annual Schell Brothers Rubber Ducky Race in the creek behind the homes. We had four races with great prizes to give away and we are already getting excited about next years!

The second half of the day was for the Marina at Pepper's Creek. From 12pm-4pm we held boat tours of Pepper's Creek and the Indian River Bay. It was a great way for new home shoppers to get a taste of the lifestyle here at the Marina. We could not have asked for a better day. Blue Sky's, calm waters, and great people! We are already planning our next boat tour for the end of the summer because it was something many were very upset to miss out on.

We are now getting ready for our boat show which will be held on July 25-26 at the Marina and will feature the local businesses as well as the near by boat dealers. It should be a great time even if you are not shopping for a boat. If you have a boat to sell please contact Josh at 302.841.5705 and we would love to reserve a free spot for you to display your boat.

The Woodlands will be hosting a community yard sale for anyone that wishes to participate. We have free spots for all to set up and we will do the marketing for you. RSVP to Josh at 302.841.5705, spots are limited.

The weather is starting to be great on a consistent basis and both communities are looking picture perfect. Be sure to stop by and say hi at one or both of our Dagsboro, DE communities.

Josh Hay

Schell Brothers

Peppers Creek

My Buyers are Baby Boomers coming to Coastal Delaware as they get ready to retire. For the past year now, they have been hesitant to be buyers until their homes sold back in PA or NJ, DC or MD. The bravest buyers, especially those who owned their homes outright and those who could pay cash, have been able to take advantage of the best home prices and the lowest mortgage rates we'll see in our lifetimes.

Lately I am getting calls like the one I received this morning - "Hey Kathy, we got a contract on our home Saturday!" The offer came from people who had SOLD their house and and want to settle quickly!

This call came from a client who did purchase an inventory home in a great new community in Lewes, Delaware, earlier this year. We got together for lunch on Saturday and they admitted to a little concern that they had not received any offers on their home back in PA - lots of showings, but no offers yet.

The news about these TWO SALES is exciting because this is the way the real estate market works when it does work. When trade up buyers begin to sell their homes, the retiring Baby Boomer can sell theirs. AND, when stories like this one start to spread, more people feel comfortable making a purchase decision with the knowledge that the homes they have had on the market for a while now are going to sell.

Right now is the perfect opportunity - you can still buy at a great price and with low interest rates. Don't wait too long or you'll miss out.