There will be a Free Delaware Home Buyer Seminar on Saturday April 18, 2009 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, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Delaware 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 Ward & Taylor 2710 Centerville RD, Suite 200 Wilmington, DE 19808 from 10:00 AM till 12:30 PM. To register for the seminar, please call 302-368-7132 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
Countrywide is raising the minimum credit score for their programs to 620 on March 6, 2009. They recently just raised it to 580 for all programs. Countrywide is just following suite with other lenders such as Chase and Suntrust. This move to higher FICO scores is to limit the exposure of the company to risk. Studies show significantly higher default from borrowers with credit scores below 620.
Countrywide is also now checking credit scores on FHA streamline refinances. The FHA guidelines say you only need to check the mortgage history but now almost all lenders are checking credit scores on FHA streamlines.
If you would like to see if you qualify for an FHA loan for the purchase or refinance of a home loan, please feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
FHA Mortgagee Letter 2009-07 establishes the new FHA loan limits set forth by the American Recovery & Reinvestment Act of 2009.
Here are the 5 things you need to know about these changes:
1. New loan limits are for FHA loans that receive approval in calendar year 2009.
2. Changes apply to the 203b (basic loan), 203h (disaster victims), & 203k (rehab loan).
3. National FHA floor limit remains at 271,050.
4. FHA ceiling for high value areas is 729,750.
5. National reverse mortgage limit increases from 417,000 to 625,500.
Find the FHA loan limit in your area.
If you would like to apply for an FHA loan please feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
Primary Residential Mortgage is a licensed lender in 45 states.
The income limits for Delaware USDA Rural Development Loans are based on the number of people that will be living in the home and the county where the property is located.
New Castle County Maximum Income Limits for 2009
1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person
$61,100 $69,800 $78,550 $87,250 $94,250 $101,200 $108,200
Kent County & Sussex County Maximum Income Limits for 2009
1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person
$49,550 $56,600 $63,700 $70,750 $76,400 $82,050 $87,750
If you would like to apply for a USDA Rural Development Loan please call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com. I am a Certified USDA Rural Housing Loan Consultant and have been helping families qualify for these loan programs for years.
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
Primary Residential Mortgage is a licensed lender in 45 states.
There will be a Free Budgeting Seminar on Wednesday March 11, 2009 from 6:30 PM till 8:00 PM at the Primary Residential Mortgage's Office in Newark, Delaware. The seminar will cover the basics of making a household budget, how to track daily, weekly, and yearly expenses, and how to use your budget as part of an overall financial plan. Each participate will recieve a free Excel Budget Calculator and a Budgeting Handbook. You will also learn how to not only cut your expenses but increase your income.
To register for the Seminar, please call 302-368-7132 Ext. 12 and ask for John Thomas or send an e-mail to DelawareMortgages@yahoo.com
For complete list of free seminars please visit www.DelawareMortgageLoans.net/seminars
John Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
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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