Posts Tagged ‘Kansas City Home Loans’

Comments Off on Getting Pre-Approved To Buy A Home In Johnson County Kansas

The Pulse Of The Kansas City Real Estate Market When buying a home in Kansas City, Johnson County KS, Overland Park or the surrounding area, the first thing you’ll need to do is get pre-approved with a local mortgage lender. The first mortgage loan question that I hear most buyers ask is, what are today’s […]

Comments Off on There’s More To Choosing A Kansas City Mortgage Lender Than The Interest Rate Being Quoted

Checking The Pulse Of The Kansas City Real Estate Market Are you considering buying a home in Kansas City, Johnson County Kansas, Overland Park or in the surrounding area? If you are, one of the first things you should start checking on are today’s mortgage interest rates. The lower the interest rates available, the lower […]

Comments Off on New FHA Requirements Increase Minimum Down Payments For Many Kansas City Home Buyers

Checking The Pulse Of The Kansas City Real Estate Market For the past several years it’s become more difficult for home buyers to secure financing. There’s been an obvious over-correction in the market as lenders went from giving your dog a loan for his dog house to not giving a self-employed borrower with 50% down […]

Comments Off on FHA Loan Changes Will Reduce Up Front Costs But Raise Annual Premiums For Kansas City Home Buyers

Checking The Pulse Of The Kansas City Real Estate Market Back in April up-front FHA mortgage insurance premiums were raised from 1.75% to 2.25% of the loan amount. This was done in an effort to replenish the FHA reserve funds and keep the program afloat. Considering that more than half of loans being done today […]

Checking The Pulse Of The Kansas City Real Estate Market When getting Pre-Approved for a home loan, there’s more to the process than just rushing to get the Pre-Approval Letter in hand. Yes, that letter tells you the lender is willing to give you a loan.  But what it doesn’t tell you is how much […]

Checking The Pulse Of The Kansas City Real Estate Market 9 out of 10 Kansas City home buyers tell me that locating a home at a PRICE they can justify is the most important factor in their home search. I can easily show those nine how that can be flawed thinking. We are seeing historically […]

Checking The Pulse Of The Kansas City Real Estate Market The new 2010 Good Faith Estimate has been in effect for more than a month and I’ve yet to see any mortgage lenders, borrowers or real estate agents climbing buildings or jumping off bridges. The changes do however have people talking and will certainly change […]

Comments Off on Get That 3.5% Down Payment Together Before You Head Out To View Homes

Hands On The Heartland Checking The Pulse Of The Kansas City Real Estate Market Unless you’re paying cash for a home or have VA loan eligibility, there’s no point in heading out to view homes if you aren’t able to make a 3.5% down payment. On a $200,000 home that means you need to have […]