Delaware Home Buying

Delaware builder, Bastian Custom Home Builder is creating new home communities throughout Dover and Southern Delaware, adding more inventory to the home buying process. Home buyers and those interested in real estate investing are split between seeking existing homes or new construction, but nearly all home buyers need financing. Local Delaware mortgage brokers and mortgage lenders are working closely with borrowers to help them finance their existing or new home purchase. Additionally, with rates at historic lows, home owners are inquiring about mortgage refinance and home equity loans.

Delaware mortgage lenders are asking borrowers and real estate investors to use available online mortgage calculators to determine the right mortgage length, what they can afford and whether they should seek a mortgage refinance on an existing home. Next, Delaware borrowers should obtain a copy of their credit report to review their credit score. Credit ratings below 700 are considered to be somewhat risky, so borrowers should analyze the report to identify inaccuracies or information that should be updated.