Jeff Baxter

Southern Delaware's Leading Mortgage Banker

 

Southern Delaware's Leading Mortgage Banker

With over 30 years experience in financial services, I can skillfully assist you with the purchase or refinance of your vacation home, investment property and/or personal residence. If you’re looking for knowledgeable advice, pertinent information, and the best service in the mortgage business, you’ve come to the right place. Read about my thoughts on today’s market right here and review current news. I love to talk about the business, so contact me today and let’s discuss your needs

 

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Mortgage News

  • January Housing Scorecard Released by HUD, Treasury

    Posted To: MND NewsWire

    The Departments of Housing and Urban Development (HUD) and Treasury issued the administration's January Housing Scorecard on Monday. The report is essentially a summary of data on housing and housing finance released by public and private sources over the previous month and/or quarter. Most of the data such as new and existing home sales, permits and starts, mortgage originations, and various house price evaluations have been previously covered by MND. The scorecard incorporates by reference the monthly report of the Making Home Affordable Program (MHA) through the end of December. This includes information on the universe of MHA programs including the Home Affordable Modification Program (HAMP), HOPE Now, and Second Lien Modifications and other initiatives. Since the HAMP program began in...(read more)

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  • Industrial and Multi-family Loans Drive Annual CRE Increase

    Posted To: MND NewsWire

    The Mortgage Bankers Association (MBA) reports that commercial and multifamily loan originations were down 7 percent in the fourth quarter of 2011 compared to the third quarter but were 13 percent higher than originations in the fourth quarter a year earlier. The year-over year change was driven by originations for both industrial and multifamily properties which increased 43 percent and 31 percent respectively from Q4 2010. On the negative side, retail loans were down 8 percent, loans for healthcare properties fell 24 percent, office properties were down 29 percent and hotel originations decreased 44 percent. Quarter over quarter results were mixed. There was a 153 percent jump in originations for health care properties; industrial loans were up 51 percent and multifamily properties increased...(read more)

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What's Happening in the Beach Real Estate Markets? PDF Print E-mail
Jeff's Blog - Jeff's Blog
Written by Jeff   
Saturday, 13 August 2011 08:48

Here are the market reports from Long & Foster for our various Sussex County, DE real estate markets.. Overall there were 191 units sold in Sussex in July 2011 which was 6% ahead of July 2010, but 10% below Junes total of 213 units sold.  There are 4,266 active listings which is down 4% compared to 2010.

Total Sussex County: 

Beach Markets of Bethany-Fenwick, Rehoboth, and Lewes

Bethany Beach, Fenwick Island & Ocean View:

Rehoboth Beach: 

Lewes

Inland Markets

Millsboro, Selbyville, Dagsboro

Milton, Georgetown & NE Sussex:

Seaford, Laurel & Western Sussex

 
Special Report PDF Print E-mail
Jeff's Blog - Jeff's Blog
Written by Jeff   
Saturday, 06 August 2011 06:38

Interest_Rate_DirectionIs this the last opportunity to purchase or refinance with bargain home prices and rates now at record lows?

For the past several months, rates have been low, but still above the record low levels they reached during the second half of last year. These rates presented a great opportunity for homeowners to refinance their home loan. It was even a better opportunity for those who were interested in purchasing their first home, an investment property or trade up. With bargains available, purchasing made so much sense for those who see real estate as a long-term investment and more importantly a better life for their family.

Are these record low rates about to become a distant memory?

Read our Special Report - CLICK HERE

 
Let's Connect PDF Print E-mail
Jeff's Blog - Jeff's Blog
Written by Jeff   
Monday, 28 March 2011 21:28
Need to keep up-to-date on all things mortgage financing related?  Want to connect with me on Social Media sites?  Join the conversation!

Become of fan of Jeff Baxter - Mortgage Banking on Facebook

 

Follow me on Twitter - SJBaxter

 

And, you can subscribe to my blog "The View from the Beach" HERE

 

Or, if you just want to find out more - go to my About.Me Profile:  Click Here

 
March Newsletters Published PDF Print E-mail
Jeff's Blog - Jeff's Blog
Written by Jeff   
Tuesday, 08 March 2011 19:13

Our three (3) newsletters have been published for March.  Every month we distribute Real Estate Trends, which has short articles on the general real estate market and the economy; the Real Estate Page, which focuses on a single topic of interest to homeowners, home buyers, home sellers, and real estate professionals; and The Sales Report, which provides sales tips and planning topics for the self-employed professional.  

 
Real Estate Trends - March 2011 - this month features an article on how the shrinkage of government will represent a potential drag on the economic recovery in the next few years, a story on the remodeling comeback after a few years of stagnation, and a short story on "bottom fishing" - Is Now THE Time?
 
Real Estate Page - FHA Alternatives - this month features a discussion of the FHA mortgage program and the advantages it can provide for mortgage financing for the average American.  Ranging from low down payments to liberal gift policies, FHA loans provide a low cost alternative to first time buyers, lower income buyers, and the average buyer looking for a lower down payment alternative with less stringent qualifying guidelines.
 
The Sales Page - Continual Improvement - this month we talk about the value of making continual improvement to your marketing plans, sales process, and operating style.  Rather than undergoing a major re-tooling of your efforts every few years, we look at the value of making those continuing improvements that steady help improve your performance and your business results.
 
I hope you find these newsletters useful and helpful to both you and your clients.  Please feel free to distribute them to clients and colleagues - whoever you think might benefit from the topics discussed.
 
And, as always, please call or email me if I can ever be of any assistance.  Your referrals are always appreciated.
 
Hey - have you seen this?  Click here to see a new way to introduce yourself online

 
February Newsletters Published PDF Print E-mail
Jeff's Blog - Jeff's Blog
Written by Jeff   
Saturday, 05 February 2011 08:48

Our three (3) monthly newsletters have been published for February.  Every month we distribute Real Estate Trends, which has short articles on the general real estate market and the economy; the Real Estate Page, which focuses on a single topic of interest to homeowners, home buyers, home sellers, and real estate professionals; and The Sales Report, which provides sales tips and planning topics for the self-employed professional.  

 
Real Estate Trends:  February 2011 - this month we include reports showing an economy beginning to improve, the story of the population growing which is good for real estate, and an article on the "new consumer" - what home features do they want today?
 
Real Estate Page:  Qualifying for a Mortgage - this month's features a discussion of the keys issues in qualifying for a mortgage today.  These include a borrower's credit scores, cash reserves, income documentation, and monthly debt.
 
The Sales Page:  Fire 'em- this month we talk about how there are times when you have no alternative but to fire a client or a referral source.  This article discusses how to recognize that situation and what to do about it.
 
I hope you find these newsletters helpful to both you and your clients.  Please feel free to distribute them to clients and colleagues - whoever you think might benefit from the information provided.
 
And, as always, please call or email me if I can ever be of any assistance.  Your referrals are always appreciated.  Let's make 2011 a great year!

 
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Find Jeff's Offices

Long and Foster with Prosperity Mortgage Company  Click here for directions to my Bethany Beach and Rehoboth Offices.