John R. Thomas - Delaware Mortgages - Delaware FHA Loan

Free Delaware Home Buyer Seminar - June 16 2012

John Thomas (Primary Residential Mortgage Inc.) — Sat, 19 May 2012 06:58:21 -0700

Delaware Home Buyer Seminar - June 16, 2012 in Newark, Delaware

Delaware Home Buyer Seminar - There will be a Free Delaware First Time Home Buyer Seminar on Saturday June 16, 2012 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.

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.

Your presenter is the author of the new book, Your Guide to Buying Your First Home in Delaware.

The Delaware Home Buyer Seminar is being held at The Christiana Hilton Hotel at 100 Continental Drive, 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. You can register online at Delaware Home Buyer Seminars.

For a Complete list of seminars visit Free Delaware First Time Home Buyer Seminars

For Complete list of Maryland Home Buyer Seminars visit Maryland First Time Home Buyer Seminars

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3310 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

www.DelawareMortgageLoans.net

http://www.prmidelaware.com/

Mortgage Rates Delaware Weekly Update for May 14 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 14 May 2012 18:43:35 -0700

Delaware mortgage rate weekly update for week of May 14, 2012 from Primary Residential Mortgage's John Thomas. For a free mortgage planning appointment please call 302-703-0727 or you can APPLY ONLINE for a Delaware mortgage.

Delaware mortgage rate weekly update by John Thomas

Mortgage Rates in Delaware are once again at all time historic lows after reports from Europe caused investors to flee to the safe haven trade of US bond markets. Mortgage backed securities are once again at all time historic highs which has pushed Delaware mortgage rates to all time historic lows.

You can apply for a Delaware mortgage loan for the purchase or refinance of a home in Delaware, Maryland or Pennsylvania by calling 302-703-0727 or APPLY ONLINE.

The next Free Delaware Home Buyer Seminar is May 19, 2012 in Newark, Delaware and May 22, in Dover, Delaware. You can register at Delaware Home Buyer Seminars

The next Free Maryland Home Buyer Seminar is June 30, 2012 in Towson, Maryland. You can register at Maryland Home Buyer Seminars

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Mortgage Rates Delaware Weekly Update for April 30 2012

John Thomas (Primary Residential Mortgage Inc.) — Tue, 01 May 2012 20:21:33 -0700

Delaware Mortgage Rate Weekly Update for April 30, 2012 from Primary Residential Mortgage's branch manager John R. Thomas, author of the book Your Guide to Buying Your First Home in Delaware. Advice on floating or locking your Delaware Mortgage Rate for week of April 30, 2012. Call 302-703-0727 for a free mortgage consultation or APPLY ONLINE for Delaware Mortgage Loan

Delaware mortgage rate weekly update with John R. Thomas

Delaware mortgage rates are once again at all time historic lows so now is a great time to purchase or refinance a home in Delaware. Mortgage bonds have rallied over the last two weeks as the economy has struggled to improve. The new home sales dropped by 7.1% and the Gross Domestic Product came in much lower at 2.2% for first quarter of 2012.

Call 302-703-0727 to apply for a Delaware mortgage loan or you can APPLY ONLINE.

The next Free Delaware Home Buyer Seminar is May 19, 2012 in Newark, Delaware and May 22, 2012 in Dover, Delaware. You can register online below:

Delaware home buyer semiar registration

The next free Maryland Home Buyer Seminar is June 30, 2012 in Towson, MD. Register online below:

Maryland Home Buyer Seminar Registration

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Dover Delaware Home Buyer Seminar May 22 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 30 Apr 2012 20:59:52 -0700

Free Delaware First Time Home Buyer Seminar on Tuesday May 22, 2012 at The Dover Sheraton Hotel in Dover, DE from 6:30 PM till 8:30 PM. The seminar will cover the whole First Time Home Buyer Process from Start to Finish. We will cover the different mortgage programs available to Delaware First Time Home Buyers such as Delaware FHA Loans, Delaware USDA Rural Housing Loans, Delaware VA Loans, Delaware Homepath Loans, Delaware FHA 203k Loans, and Delaware Conventional Loans. We will also cover the down payment assistance programs that are available in Delaware to help First Time Home Buyers.

Everyone who registers and attends the seminar will receive a Free Home Buying Handbook, Free Credit Score Handbook, Free Budgeting Worksheet, and be able to get a Free Copy of their Credit Report.

To register for the seminar please call John Thomas at 302-703-0727 or send an e-mail DelawareMortgages@yahoo.com or register online at www.DelawareHomeBuyerSeminar.com

You can also visit Delaware Free Seminars for a complete list of upcoming seminars.

Your presenter for this seminar is the author of the new book, Your Guide to Buying Your First Home in Delaware.

Home Buyer Seminar is being held at The Dover Sheraton Hotel at the following Address:

1570 North DuPont Highway, Dover, DE 19901
From 6:30 PM till 8:30 PM

For a list of Maryland Home Buyer Seminars click the link below:

Maryland Home Buyer Seminars

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

NMLS 38783

Free Maryland First Time Home Buyer Seminar June 30 2012

John Thomas (Primary Residential Mortgage Inc.) — Wed, 25 Apr 2012 21:04:06 -0700

Maryland Home Buyer Seminar - June 30, 2012 in Newark, Delaware

Delaware Home Buyer Seminar - There will be a Free Maryland First Time Home Buyer Seminar on Saturday May 19, 2012 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 Maryland FHA loans, Maryland VA loans, Maryland USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Maryland FHA 203k Rehab loans.

Your presenter is the author of the new book, Your Guide to Buying Your First Home in Maryland.

The Maryland Home Buyer Seminar is being held at Sheraton Hotel in Towson, Md from 10:00 AM till 12:00 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. You can register online at Maryland Home Buyer Seminars.

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3310 MD Office

http://www.prmidelaware.com/

Mortgage Rates Delaware Weekly Update for April 23 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 23 Apr 2012 19:04:11 -0700

Delaware Mortgage Rate Weekly Update for April 23, 2012 from Primary Residential Mortgage's branch manager John R. Thomas. John provides advice on floating or locking your Delaware mortgage rate as well as mortgage market news and local events. Call 302-703-0727 for a free mortgage planning appoinment or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates touched all time historic lows to end the week last week. The economic reports that moved the bond market back to all time highs were 1) higher jobless claims at 386,000 2) lower homes sales 3) Bad news out of Europe from Spain 4) Manufacturing numbers below expectations.

I would recommned LOCKING your Delaware mortgage rate to take advantage of these all time historic low rates. Call 302-703-0727 for a free mortgage consultation or APPLY ONLINE.

The next Free Delaware First Time Home Buyer Seminar in Newark, Delaware is Saturday May 19, 2012 from 10 Am till Noon and again from 1 PM till 3 PM at the Christiana Hilton Hotel. Call 302-703-727 to register or register online at www.DelawareHomeBuyerSeminar.com

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.Delawaremortgageloans.net

Free Delaware Home Buyer Seminar - May 19, 2012

John Thomas (Primary Residential Mortgage Inc.) — Fri, 20 Apr 2012 17:26:51 -0700

Delaware Home Buyer Seminar - May 19, 2012 in Newark, Delaware

Delaware Home Buyer Seminar - There will be a Free Delaware First Time Home Buyer Seminar on Saturday May 19, 2012 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.

Your presenter is the author of the new book, Your Guide to Buying Your First Home in Delaware.

For a Complete list of seminars visit Free Delaware First Time Home Buyer Seminars

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3310 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

www.DelawareMortgageLoans.net

http://www.prmidelaware.com/

Weekly Delaware Mortgage Rate Update for April 16 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 16 Apr 2012 19:41:49 -0700

Weekly Delaware mortgage rates update for April 16, 2012 from Primary Residential Mortgage's Branch Manager John R. Thomas. John is the manager of the Newark, Delaware branch and the author of the book, Your Guide to Buying Your First Home in Delaware. If you would like a free mortgage planning appointment please call 302-703-0727 or APPLY ONLINE.

Delaware mortgage rates end the week last week back at record low interest rates after the intial jobless claims rose by 13,000 to 380,000 which is the highest number in 2012. We also had two reports on inflation that showed inflation was subdued which was mortgage bond friendly news. We also saw the European debt crisis front and center again as Spain is having difficulties servicing its debt long term with a shrinking economy and high unemployment.

If you need help with a Delaware mortgage loan to purchase or refinance a home in Delaware, call us at 302-703-0727 or APPLY ONLINE for a Delaware Morttgage Loan.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Offce
www.DelawareMortgageLoans.net

Realtor Success Seminar Series - Mining Your Database - May 3, 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 16 Apr 2012 19:28:42 -0700

Realtor Success Seminar Series - Lucnh & Learn - Mining Your Database - Effective Database Marketing - Thursday May 3, 2012 in Middletown, Delaware at the Middletown Chamber of Commerce from Noon till 1:30 PM. You can register by calling 302-703-0727 or register online at http://budurl.com/miningdatabase

The Lunch & Learn event will cover the following information:

1) How to stay in touch with clients and covert to sales

2) What is a good database, what is in it, where do I keep it?

3) How to implement a mailing program that generates referrals

4) How to create a top 25 list and how to market to it consistently

5) Plus much more

Keep your name top of mind with your past, current, and future clients by implementing an effective database marketing program today! Register today by calling 302-703-0727 or register online at http://budurl.com/miningdatabase

John R. Thomas
Cerified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Realtor Success Series - Lunch & Learn - Generating Buyer Leads from Your Listing April 11, 2012

John Thomas (Primary Residential Mortgage Inc.) — Wed, 04 Apr 2012 21:03:23 -0700

Realtor Success Seminar Series - Lucnh & Learn - Generating Buyer Leads from your Listings Thursday April 11, 2012 in Middletown, Delaware at the Middletown Chamber of Commerce from Noon till 1:30 PM. You can register by calling 302-703-0727 or register online at http://budurl.com/ListingLeads

The Lunch & Learn event will cover the following information:

1) Winning the Listing Appointments with a Winning Presentation

2) How to get your sellers to hand out your business cards to everyone they know

3) How to generate buyer leads from your listings

4) How to capture buyer leads with the ultimate call to action

Ovepriced lisitngs and a stale real estate market can have you spending money with no return on holding lots of listings UNLESS you know how to leverage your listings to consistently generate buyer leads. Register today by calling 302-703-0727 or register online at http://budurl.com/listingleads

John R. Thomas
Cerified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

ING Exits Wholesale and Correspondent Lending Announced April 2012

John Thomas (Primary Residential Mortgage Inc.) — Wed, 04 Apr 2012 18:36:53 -0700

ING announced it will be closing its wholesale mortgage operation and its correspondent lending operations. ING was recently aquired by Capital One and as part of the arrangement for allowing Capital One to Purchase ING, Captial One had to agree to do more loans serving low income borrowers such as FHA loans. Closing the ING channels down may be a direct result of this deal. ING specialized in good credit borrowers and offered products that were not traditionally available at other banks such as jumbo loans.

There are other banks that can fill the void for ING on the wholesale side and the correspondent side but this just leaves consumers with less choices in a market that was already limited.

If you need help with a jumbo home loan or other ARM product that ING specialized in, please feel free to call me at 302-703-0727 or you can APPLY ONLINE.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
249 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Weekly Delaware Mortgage Rate Update for April 2 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 02 Apr 2012 18:34:22 -0700

Delaware Mortgage Rate Weekly Update for the Week of April 2, 2012 by Primary Residential Mortgage's John R. Thomas, author of Your Guide to Buying Your First Home in Delaware. John provides advice on floating or locking your Delaware mortgage interest rate. Call 302-703-0727 to schedule a free mortgage planning session or APPLY ONLINE.

Delaware mortgage rate weekly update by John Thomas

Delaware mortgage interest rates improved last week as the mortgage bonds were finally able to stop trending lower and trader higher for the first time in 3 weeks. The economic news released week hinted at a weaker than expected housing market and renewed troubles in Europe. The news lead the Federal Reserve to hint at QE3.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.Delawaremortgageloans.net

Agent Mastermind Tuesday Training on Facebook Timelines - April 3rd at Noon

John Thomas (Primary Residential Mortgage Inc.) — Sun, 01 Apr 2012 18:29:42 -0700

Agent Mastermind Tuesday Training

Last week we covered the tabs on the new Facebook time line, hope you where able to make the class if not, get with me and I’ll get you the

recording, it was amazing…

This Tuesday we are going to show you how to make your header look

not just good but really good and how to do it for FREE

We have a little twist this week that you will have to be on class to see
and for sure do not want to miss.

Awhile ago we showed you how to use a Facebook fan page as a single
listing, well with this new Facebook time line it makes it much more impressive
so we are going show you how to use Facebook and the single property
website together to blow your seller away.

You will learn:

How to set up the new Facebook timeline header, you will love
this.

How to set up a Facebook fan page as a listing to use at
your next listing presentation that ties in qr codes, text codes
and the website that is tied to the listing.

How to use the new Facebook timeline to farm a neighborhood
so that you don’t have to spend money on post cards any more.

How this strategy can add 1 if not 2 more closings a month to your
bottom line…

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Dover Delaware Event - Amish Country Bike Tour, September 8, 2012

John Thomas (Primary Residential Mortgage Inc.) — Thu, 29 Mar 2012 18:54:44 -0700

Dover Delaware Event - Amish Country Bike Tour, September 8, 2012

The Amish Country Bike Tour is one of Delaware's largest and most popular cycling events. Annually about 1,400 cyclists from a 14-state region join together for this flatlands ride through the beautiful Amish countryside.

15, 25, 50, 62 and 100-mile loops
Four food and rest stops along the way
Famous "pie stop" at the Amish Schoolhouse
Catered BBQ meal for all registered cyclists

Visit the official Amish Country Bike Tour website here: www.AmishCountryBikeTour.com

For more information or to sponsor: csmall@visitdover.com

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727
www.DelawareMortgageLoans.net

Mortgage Rate Weekly Update for Delaware March 26 2012

John Thomas (Primary Residential Mortgage Inc.) — Wed, 28 Mar 2012 18:30:54 -0700

Delaware Mortgage Rate Update for Week of March 26, 2012 by Primary Residential Mortgage branch manager John R. Thomas. Call 302-703-0727 to get a free mortgage consultation or APPLY ONLINE.

Delaware Mortgage Rate Update from John Thomas with Primary Residential Mortgage

Delaware Mortgage Rates have been moving higher over the last 2 and have weeks as the mortgage bonds have been on a stair step down pattern making lower lows and lower highs. This trend needs to break in order for mortgage interest rates to move lower again. The Federal Reserve has stated the housing market is still week and may need to do another round of QE3 in order to keep loan rates low to bolster housing market.

Stock Market is having best year since 1998 and is weighing on mortgage bonds which has been one of the causes for home loan rates in Delaware rises over the last couple of weeks, If you have recieved interest rate quotes over a week ago they are probably no longer accurate as rates have been on the rise. Call 302-703-0727 to get an accurate mortgage rate quote or APPLY ONLINE.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Dover Delaware First Time Home Buyer Seminar - April 24 2012

John Thomas (Primary Residential Mortgage Inc.) — Tue, 20 Mar 2012 19:22:50 -0700

Free Delaware First Time Home Buyer Seminar on Tuesday April 24, 2012 at The Dover Sheraton Hotel in Dover, DE from 6:30 PM till 8:30 PM. The seminar will cover the whole First Time Home Buyer Process from Start to Finish. We will cover the different mortgage programs available to Delaware First Time Home Buyers such as Delaware FHA Loans, Delaware USDA Rural Housing Loans, Delaware VA Loans, Delaware Homepath Loans, Delaware FHA 203k Loans, and Delaware Conventional Loans. We will also cover the down payment assistance programs that are available in Delaware to help First Time Home Buyers.

Everyone who registers and attends the seminar will receive a Free Home Buying Handbook, Free Credit Score Handbook, Free Budgeting Worksheet, and be able to get a Free Copy of their Credit Report.

To register for the seminar please call John Thomas at 302-703-0727 or send an e-mail DelawareMortgages@yahoo.com or register online at www.DelawareHomeBuyerSeminar.com

You can also visit Delaware Free Seminars for a complete list of upcoming seminars.

Your presenter for this seminar is the author of the new book, Your Guide to Buying Your First Home in Delaware.

Home Buyer Seminar is being held at The Dover Sheraton Hotel at the following Address:

1570 North DuPont Highway, Dover, DE 19901
From 6:30 PM till 8:30 PM

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

NMLS 38783

Realtor Success Seminar Series - Lunch & Learn - April 5, 2012

John Thomas (Primary Residential Mortgage Inc.) — Sat, 17 Mar 2012 17:46:36 -0700

Realtor Success Seminar Series - Lucnh & Learn - Generating Buyer Leads from your Listings Thursday April 5, 2012 in Middletown, Delaware at the Middletown Chamber of Commerce from Noon till 1:30 PM. You can register by calling 302-703-0727 or register online at http://budurl.com/ListingLeads

The Lunch & Learn event will cover the following information:

1) Winning the Listing Appointments with a Winning Presentation

2) How to get your sellers to hand out your business cards to everyone they know

3) How to generate buyer leads from your listings

4) How to capture buyer leads with the ultimate call to action

John R. Thomas
Cerified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

FHA Announces Increases to Mortgage Insurance Premiums

John Thomas (Primary Residential Mortgage Inc.) — Tue, 13 Mar 2012 06:02:39 -0700

FHA Announces Increases to Mortgage Insurance Premiums

You may have heard talk in the news lately regarding some increases FHA is making to both its upfront and annual mortgage insurance premiums. I wanted to reach out to you and let you know why FHA is doing this...and what this could mean to you.

It's important to understand that mortgage insurance premiums for new purchases and regular refinances are increasing to help keep FHA financially strong. FHA's cash reserves hit a record low of $2.6 billion last year–and since approximately one-third of all residential home loans in the U.S. are FHA loans, it is important for FHA to be in a strong position.

So what does this mean to you? FHA case numbers assigned after April 9, 2012 will be subject to the higher mortgage insurance premiums.

If you have any questions about these increases–or if you have been considering an FHA loan–give me a call or send me an email today! There's still time to act before these increases go into effect!

Sincerely,

John R. Thomas
Primary Residential Mortgage, Inc.
jthomas@primeres.com

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John R. Thomas
Certified Mortgage Planner
Primary Residential Mortgage, Inc.
Phone: 302-703-0727
Fax: 302-355-3291
License: NMLS - 38783
jthomas@primeres.com
www.DelawareMortgageLoans.net

Delaware Small Business Chamber Networking Event April 17, 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 12 Mar 2012 06:35:04 -0700

Delaware Small Business Chamber is hosting a Networking Event on April 17, 2012 from 5:30 till 8:00 PM at Walter's Steakhouse.

April Networking Mixer will be held on Tuesday, April 17 from 5:30-8:00 PM at one of Wilmington's premier restaurants - Walter's Steakhouse.

This event is FREE to DSBC members,

$25 for non-members.

Make plans now to attend and make some great business connections with the DSBC! Registration begins March 1, 2012.

Join the Delaware Small Business Chamber and save costs of these networking events, Save 50% off the cost of table booth at our Small Business Marketplace event, get referrals through our Reverse Referal System, and many other great benefits coming soon. www.dsbchamber.com

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Spring Forward Beginning March 11, 2012

John Thomas (Primary Residential Mortgage Inc.) — Mon, 12 Mar 2012 05:54:55 -0700

Spring Forward Beginning March 11

It's that time of year again...Daylight Saving Time (DST) that is.

Don't forget to move your clocks ahead one hour, this Sunday, March 11, 2012, at 2:00 a.m.

Remember, not all areas of the United States use DST, including Arizona, Puerto Rico, Hawaii, the US Virgin Islands and American Samoa. If you have friends or family in those areas, you'll want to make note of the new time difference between you.

Despite some concerns, most Americans overwhelmingly like Daylight Saving Time. Though not everyone benefits from DST. For example, many farmers say that DST has a negative impact on their livestock's natural schedules. The airline industry also reports that it costs millions of dollars to adjust time schedules–and even then, airlines report numerous problems with international flight connections during the transition time since DST isn't followed uniformly around the world.

Whether or not you're a fan of Daylight Saving Time, here's one important thing to remember about it: The correct phrasing is Daylight Saving (singular) Time, NOT Daylight SavingS Time. We are saving daylight, so it is singular and not plural.

As spring approaches and the weather becomes warmer, I hope you will enjoy the extra hour of daylight DST will bring. And if you have any mortgage-related questions or concerns, call or email me anytime. I'm always happy to talk to you!

Sincerely,

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

Dover Days 79th Anniversary May 4,5, & 6 2012

John Thomas (Primary Residential Mortgage Inc.) — Fri, 09 Mar 2012 18:54:24 -0800

Dover Days 79th Anniversay is May 4,5 & 6 2012

Come join in the fun, as Dover, Delaware celebrates the exciting history of our First State's Capital City! This year's Dover Days Festival proves to be bigger and better than ever—and you won't want to miss a minute of the many FREE festivities! Held on The Green and Legislative Mall, two beautiful outdoor parks in the historic downtown district, Dover Days unites heritage, tradition and modern attractions into a festival that attracts thousands of visitors each year. Now in its 78th year, Dover Days is Delaware's longest running festival that celebrates First State history — with more than 25,000 people coming from all over the Mid-Atlantic states to celebrate the weekend's events, May 6-8.

Springtime is beautiful in Dover, and Dover Days offers so many ways to enjoy it—in a weekend jam-packed with fun for the entire family. Get a glimpse of Delaware's enriching history, through huge parades, traditional Maypole dancing with children in Colonial attire, walking tours, major Civil War Encampment, free admission to numerous museums, and more. Immerse yourself in the ages through costumed reenactments of the Renaissance, the Civil War and WWII. You can see the Governor's mansion first-hand. And enjoy all the excitement of the festival, with more than 200 arts and crafts vendors, delicious foods, live entertainment, children's activities, a hot classic car show, and more.

Every day at Dover Days is a new adventure you'll never forget! Make it your tradition to come out to this FUN, FREE admission festival, May 6-8, with your family and discover why it's not the same "Old" Dover Days—it's so much more!

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
www.DelawareMortgageLoans.net

New Castle County VHAP II Down Payment Assistance Available March 15 2012

John Thomas (Primary Residential Mortgage Inc.) — Wed, 07 Mar 2012 21:30:24 -0800

New Castle County VHAP II Program for down payment assistance is available March 15, 2012. The New Castle County Vacant Home Buyer Assistance Program provides deferred loans for up to $10,000 at 0% interest. The loan doesn't have to be paid back until the house is sold, refinanced, or no longer the primary residence. Call 302-703-0727 to apply for the VHAP II with preferred approved lender or APPLY ONLINE.

The New Castle County Vacant home buyer program doesn't require the borrower to be a first time home buyer. You only have to agree to live in the property as your primary residence. New Castle County will require you to get a home inspection on the property and a visual lead inspection on the property. The county doesn't require any repairs to be made. The program is funded by HUD through the NSP program. The house being sold must have been vacant for at least 90 Days before the sales agreement is signed.

Borrowers who would like to use the NCC VHAP II program must complete 8 hours of HUD approved home buyer counseling. Borrowers must also meet the following household income restrictions based on the 120% Median Income limit.

Eligible Income Limitations for VHAP Program for 2012

Household size Maximum Income

1 Person $67,550
2 Person $77,200
3 Person $86,850
4 Person $96,500
5 Person $104,200
6 Person $111,900
7 Person $119,650
8 Person $127,350

You can submit applications for the VHAP II beginning March 15, 2012. The county requires a minimum of 20 days from receipt of application before you close.

If you would like to apply for the New Castle County Vacant Home Buyer Assistance Program call 302-703-0727 or you can APPLY ONLINE.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 DE Office
www.DelawareMortgageLoans.net

FHA Mortgage Insurance Premiums Increasing April 9 2012

John Thomas (Primary Residential Mortgage Inc.) — Tue, 06 Mar 2012 18:51:54 -0800

If your clients are considering buying or refinancing a home, you should let them know that the Federal Housing Administration (FHA) will soon increase mortgage insurance premiums on FHA home loans.

The Department of Housing and Urban Development (HUD) announced it would increase the annual mortgage insurance premium (MIP) by 0.10% for FHA loans under $625,500. This would raise the fee from 1.15% to 1.25% of the total loan amount. This annual premium increase — which is broken down into monthly payments — takes effect April 9, 2012. Here is the FHA Mortgage Letter 12-4.

In addition, HUD announced it would raise the FHA's upfront annual mortgage insurance premium (UFMIP) from 1% to 1.75% effective April 9, 2012.

Starting June 11, 2012, the MIP for FHA loans over $625,500 will increase 0.35%, raising that fee to 1.50% of the total loan amount.

The primary reason for the changes is to bolster capital reserves for FHA's Mutual Mortgage Insurance Fund. Congress has mandated the fund keep 2% in reserves. Last year, that reserve had slipped to 0.2%. The changes are expected to generate about $1 billion annually for the fund.

The increase in mortgage insurance costs applies to the purchase or refinancing of all FHA loans regardless of the amortization term or loan-to-value (LTV) ratio. The increases will not apply to borrowers already in an FHA-insured mortgage, a Home Equity Conversion Mortgage (HECM), and other special loan programs to be outlined in a forthcoming FHA Mortgagee Letter.

For your customers considering refinancing or making a purchase, they might want to act before the new mortgage insurance premiums take effect.

If you would like more information about what these higher fees will mean for your customers, please contact me today at 302-703-0727 or your clients can APPLY ONLINE.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727
www.DelawareMortgageLoans.net

Joel Stewart Hired by Primary Residential Mortgage in Newark, Delaware

John Thomas (Primary Residential Mortgage Inc.) — Mon, 05 Mar 2012 20:17:04 -0800

Joel Stewart has been hired by Primary Residential Mortgage in Newark, Delaware to work as a Loan Officer Assistant in the branch. Joel will be working with the branch manager John R. Thomas to make sure loans successful go from contraact to close on time and that everybody involved in the transaction will be updated every week.

Joel brings a wealth of mortgage industry knowledge and is a licensed loan originator in Delaware and Pennsylvania. (NMLS 206602).

If youw would like to schedule a free mortgage planning consultation for the purchase or refinance of a home please call 302-703-0727 or you can APPLY ONLINE.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727
www.DelawareMortgageLoans.net

HARP Changes are coming March 17, 2012

John Thomas (Primary Residential Mortgage Inc.) — Fri, 02 Mar 2012 17:06:07 -0800

The Federal Housing Finance Agency recently announced changes to the Home Affordable Refinance Program (HARP) that will allow more borrowers to refinance and take advantage of historically low mortgage rates. Call 302-703-0727 to apply for a HARP Refinance or APPLY ONLINE.

These changes to HARP (often referred to as HARP 2.0) are set to rollout this spring. Fannie Mae and Freddie Mac are currently updating their automated loan underwriting software. This is due to be completed in March 2012. Call 302-703-0727 to apply for a HARP Refinance or APPLY ONLINE.

Some enhancements to HARP include:

Removing the 125% loan-to-value (LTV) ceiling on fixed-rate mortgages backed by Fannie Mae and Freddie Mac when the automated underwriting software is updated eliminates the need for a new property appraisal. Depending on occupancy type, Prospect's current LTV ceiling is between 105% and 125% with any HARP 2.0 LTV limitations forthcoming.
Eliminating certain risk-based fees for borrowers who refinance into shorter-term mortgages.
Extending the end date for HARP until on or before December 31, 2013.

HARP borrowers must meet the following criteria:

The mortgage must have been owned or guaranteed by Fannie Mae or Freddie Mac on or before May 31, 2009.
The mortgage cannot have been refinanced under HARP previously unless it's a Fannie Mae loan that was refinanced under HARP from March 2009 to May 2009.
The current LTV ratio must be greater than 80%.
Borrowers must be current on their mortgage payments with no late payment in the previous 12 months to 24 months, depending on the LTV.

Owner-occupied, secondary residences and investment properties may be considered for HARP refinancing. There are many HARP refinancing scenarios available. This might be a great opportunity for your customers to lower the cost of their monthly mortgage. If you would like more information, please contact me today at 302-703-0727 or you can APPLY ONLINE.

John R. Thomas
Certified Mortgage Planner - NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727
www.DelawareMortgageLoans.net