Posts Tagged ‘Kansas City Home Buyers’

Comments Off on How Will A 1% Rise In Interest Rates Affect Johnson County Kansas Home Buyers?

The Pulse Of The Kansas City Real Estate Market Today’s amazing low interest rates make it one of the best times ever to purchase a home. If you’re a home buyer looking to purchase a home in Johnson County Kansas or the surrounding Kansas City area, you’ll want to take a close look at today’s […]

Comments Off on Despite Tripling Of Gas And Bread Prices, Low Interest Rates Keep Kansas City Mortgage Payments Same As 20 Years Ago

Checking The Pulse Of The Kansas City Real Estate Market The stats below have been sitting on my desk for some time now and I just got around to looking them over. It was eye-opening and something I wanted to share it here. The stats compare recent prices to prices from about 20 years ago. […]

Comments Off on Plan For At Least A 3.5% Down Payment And 580 Credit Score To Buy A Kansas City Home

Checking The Pulse Of The Kansas City Real Estate Market Guidelines definitely vary from lender to lender but a typical baseline for securing a home loan will be having at least a 3.5% down payment and a 580 minimum credit score. FHA loans require a 3.5% down payment and conventional loans (i.e. loans backed by […]

Comments Off on Importance Of Homeowner’s Insurance When Buying A Kansas City Home

Checking The Pulse Of The Kansas City Real Estate Market Getting homeowner’s insurance in place is usually one of the last things on the mind of our Kansas City homebuyers. While it’s understandable that MANY other important things are going on, getting your insurance in place is a critical step in the home buying process. […]

Checking The Pulse Of The Kansas City Real Estate Market Wondering if housing really drives the economy? According to a study by NAR, one job is created for every two homes sold and homeownership accounts for more than 15% — over $2 TRILLION — of our U.S. GDP.  With the exception of many homeowners who […]

Comments Off on What’s Next? 20% Down Payments To Secure A Conventional Loan When Buying A Kansas City Home?

Checking The Pulse Of The Kansas City Real Estate Market QRM stands for Qualified Residential Mortgage (QRM) and it will change the way mortgage lending is done should the proposed loan regulations be put into effect. Only home buyers who make a 20% down payment would be considered a “Qualified Residential Mortgage”. Since 85% of […]

Checking The Pulse Of The Kansas City Real Estate Market Mortgage industry consultant Brian Chappelle estimates that FORTY PERCENT of home buyers would fall out of the market-place if FHA raises the minimum down payment requirement from 3.5% to 5%. I just don’t see how we can afford to implement these types of drastic changes […]

Comments Off on Some Background On What To Expect At Your Closing When Buying Or Selling A Kansas City Home

Checking The Pulse Of The Kansas City Real Estate Market The real estate closing is usually the last big hurdle when buying or selling a home. Most closings are an after-thought but what goes on behind the scenes is vital to a successful real estate transaction and can surprise a buyer or seller — and […]

Comments Off on Higher FHA Mortgage Payments For Kansas City Home Buyers Now In Effect

Checking The Pulse Of The Kansas City Real Estate Market The FHA changes we discussed back in February went into effect this week. This means higher mortgage insurance premiums on all FHA loans.  For example, Rick Woodruff with Metropolitan Mortgage explains this means a $33 higher monthly mortgage payment on a $163,000 home (with a […]

Comments Off on Kansas City Home Buyers Are Missing Out On The Perfect Storm

Checking The Pulse Of The Kansas City Real Estate Market I continue to see home buyers sitting on the fence, feeling there’s no need to hurry and/or waiting for the market to head back up before buying a home. But buying once the market is in a clear upward trend means paying a higher price […]