Michael Delp- Pennsylvania Mortgage Broker

  The mortgage business has taken its toll on me lately. The guidelines, rules and regulations keep changing. It seems like they are changing as frequently as interest rates. Everything is changing so rapidly that it can be difficult to keep up.   Recently, I had a customer that no matter how har...

  There is a great new loan program available for purchasing REO properties owned by Fannie Mae. A borrower needs a 660 credit score to qualify. It will allow your buyers to borrow up to 95% with no mortgage insurance. That's right, NO MORTGAGE INSURANCE!  There is no need for an appraisal!   Thi...

  Today as I had luch with my broker he brought up a great point. He said that in order to help the economy, we should be refinancing as many people as we can. Some banks came out with some great programs for mortgage refinancing. Some of them don't need an appraisal and don't even take your job ...

 I had a conversation this weekend with a young gentleman when our conversation turned to real estate. Knowing that my profession dealt with real estate he asked me how he could buy a house for $100. I wasn't sure where he was going with this but I bit. "Homes for $100??" He went on to tell me he...

  Covering most of Eastern Pennsylvania, I travel quite a bit. Driving from office , to appointments, to the office, to more appointments, to home. (well you get the idea) All of this driving time gives me time tothink. Time to think about what I need to do for my customers, time to think about g...

I want to wish all of my Active Rain friends a Safe, Happy, Healthy and Prosperous New Year. This past year has been a struggle for a lot of us. Home sales being down and the economy in general giving everyone a bad case of heartburn. I am hoping that we can keep positive and make next year a gre...

   I noticed that the member count here at Active Rain is over 118,000. That is very impressive. I have been here reading since the beginning. I think there were only 300 or so members when I joined this great group of people. I have spent many hours reading, writing comments and sometimes even a...

                                                                                          I enjoy playing Chess occasionally and it occurred to me that maybe I should utilize some of the principles of Chess in my career. I said that I enjoyed playing chess, however, I am not that good at the game...

 I thought I would try to kill two birds with one stone. As you may know, I never insert pictures or graphics in my blog. Mostly because I am not the most computer savvy person you will meet. I wanted to share some Autumn colors with everyone and at the same time play with the tool bar.  Please f...

I recently was notified by my office that Mortgage Originators like myself will need to be licensed. Applications will be taken beginning in November of this year. This includes Loan Officers in Banks as well as Mortgage Consultants working under a Mortgage Broker. You will need to fill out Form ...