Doug Phillips at Delaware Financial Mortgage

01/22/2025

Been thinking about refinancing but then never pursue it because your currently have really low interest rate you don't wanna give up?

We have a solution with HELOC options available from our lending partners. It allows you to keep your 3% interest rate on first mortgage and have a LIne of Credit open for you to utilize. Some Great options to use the HELOC are:

Debt consolidation
Home renovations
down payment on new home
Start a business
Pay for an unexpected large expense

If you would like to learn more about these and if it would make any sense, send me a DM or reach out at (443) 309-9803.

06/05/2024

June is National Homeownership Month — the perfect time to think about what owning a home means to you. Is it a backyard for your dog, a space to create memories or a step toward financial stability? Whatever it is, we're here to guide you every step of the way. Send me a DM to get started!

06/05/2024

June is National Homeownership Month — the perfect time to reflect on what owning a home means to you. Is it a backyard for your dog, a space to create cherished memories, or a step toward financial stability? Whatever it is, we're here to guide you every step of the way. Send me a DM or text at (443) 309-9803.

03/15/2024

We now have multiple bridge loan options here at Delaware Financial!!!

Option 1
Standard bridge loan for 6-12 months and is great option for buyers who's debt to income ratio can support old mortgage, new mortgage and bridge loan payment. It allows you to buy your new home without needing a home sale contingency of current home and provide funds to buy your new home first.

Option 2
Buyers who's debt to income ratio's are too high to support both mortgages, we have Buy Before You Sell Program which allows you to buy your new home prior to selling your current home and we remove the existing mortgage payment from your debt to income ratio. This also allows you to buy without needing a home sale contingency and present a more attractive offer to the seller.

Give me a call at (443) 309-9803 to learn more about these awesome programs.

03/15/2024

Hey real estate agents, when you work with us, you can close and fund within one hour of final approval. Ask us how!

03/12/2024

Our latest First Time Home buyers settled almost 2 weeks early on their first home while we were able to help them secure $10,000 in settlement assistance from the seller. They decided to use these funds to enjoy a 4.25% interest rate for the first year of their new mortgage!

Reach out to me today at (443) 309-9803 to begin the process for you!

03/06/2024

FHA Purchase that was originally closing at the end of the month, can now close weeks early!!!

This lucky buyer also has $10,000 in seller assistance coming. They chose to utilize the temporary rate buydown and will enjoy a 4.25% rate for year 1 and 5.25% rate in year 2.

Curious on how you can capitalize on this, give me a call today to find out your options. (443) 309-9803

02/29/2024

Interest rates move on a daily basis. A great free resource that you can use to check is Market News Daily. They put together charts and daily changes in easy to read format.

The MND Rate Index is the best way to follow day-to-day movement in mortgage rates. Unlike mortgage rate surveys, our index is driven by real-time changes in actual lender rate sheets. This has two huge advantages, timeliness and accuracy.

02/28/2024

The lower interest rate isn't always the smartest financial decision.

Here is a great example.

6.79% note rate at $4450 in lender fees and payment $2320

Or

6.99% note rate at $1300 in lender fees and payment $2367

This client would pay almost $3200 more to save $47 per month.

That means they need to make 66 mortgage payments to break even. If they refinance inside of 5 year 6 month mark, then they lost money and never recouped what they spent to get lower rate.

It's important to understand your long term goals and also the appetite of the market in determining the best interest rate for you.

My recommendations right now are if you can't break even in 12-18 months, you more then likely are not gonna ever see benefit of that lower rate.

02/20/2024

Are you currently a renter wondering if you'll ever be able to buy a home? You may be closer to that dream home than you think! Call today and let's see what I can do for you! (443) 309-9803

02/14/2024

Home is where the heart is. Thank you for letting us help you find your perfect match. from us to you.