Mortgage

Dec. 5, 2019

Freddie Mac: Mortgage rates hold steady amid economic uncertainty

Mortgage Rates

BY: Alcynna LLoyd

This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%. Although this rate is left unchanged from last week’s percentage, it’s still more than a percentage point below the 4.75% of the year-earlier week, according to the Freddie Mac ...

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Posted in Mortgage
Oct. 31, 2019

Taking the Fear Out of the Mortgage Process

Taking the Fear Out of the Mortgage Process | MyKCM

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.

For many, the mortgage process can be scary, but it doesn’t have to be! 

In order to qualify in ...

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Posted in Mortgage
Oct. 16, 2019

What You Need to Know About the Mortgage Process [INFOGRAPHIC]

What You Need to Know About the Mortgage Process [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Many buyers are purchasing homes with down payments as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn ...
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Posted in Mortgage
Aug. 14, 2019

FHA brings back condo spot approvals

The Sky's the limit with condo's now

BY: Jessica Guerin

The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it is bringing back spot approvals and taking other steps to loosen requirements that make these properties eligible for FHA financing.

Under the revised guidelines – which take effect ...

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Posted in Mortgage
Aug. 2, 2019

Freddie Mac: Mortgage rates remain near 3-year low

Freddie Mac Rates

BY: Alcynna Lloyd

This week, the 30-year, fixed-rate mortgage averaged 3.75%, matching last week. A year ago, the rate averaged 4.60%, according to the Freddie Mac Primary Mortgage Market Survey.

“Mortgage rates have essentially stabilized over the last two months, which reflects the recovery and improvement in the ...

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Posted in Mortgage
July 31, 2019

How To Avoid Putting 20% Down On Your Home

Mortgage Financing Solutions

BY: Jennifer McMurray

If you’re starting your home search, you may have been told that you will need to put 20% down. While there are many benefits to putting 20% or more down on a loan, for many home buyers, it’s simply not possible. Due to student loan debt, increased ...

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Posted in Mortgage
July 23, 2019

Freddie Mac announces fixer-upper mortgage

Fixer Upper Mortgage Priced Right

BY: Kathleen Howley

Freddie Mac is launching a new mortgage product that allows borrowers to buy a fixer-upper and finance the renovation all with one loan. Existing homeowners can use it to repair or improve their properties.

The government-sponsored enterprise announced its new CHOICERenovation loan product on Wednesday, saying it’s ...

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Posted in Mortgage
May 3, 2019

Bring on the refis: Freddie Mac expects mortgage rates to remain low all year

Aerial view of a neighborhood

2019 Expected to Be a Good Time to Buy a Home and a Good Time to Refinance Your Mortgage.

BY: Alcynna LLoyd

Favorable Mortgage Rates

Favorable mortgage rates are expected to boost homebuyer affordability for the remainder of 2019, according to Freddie Mac’s April Forecast.

According to the government sponsored ...

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Posted in Mortgage
April 30, 2019

Mortgage brokers provide lower rates and increase consumer home-buying power

Real Estate Savings With A Broker

BY: Alyssa Stringer

HousingWire sat down with AIME Chairman Anthony Casa to discuss how brokers provide homebuyers with year-round low rates.

Q. We know that mortgage brokers save borrowers money by offering lower rates. But you've said that the real advantage is the increased buying power they deliver. Can ...

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Posted in Mortgage
April 17, 2019

What Income Can Be Used to Qualify for a Mortgage?

Mortgage Qualification You Can Count On

BY: Casey Fleming

The first question you’ll be asked when you meet with a mortgage lender is “how much do you make?” That’s easy, right? Maybe not. To get a realistic idea of what you can buy, you’ll need to understand what income can be used to qualify for ...

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Posted in Mortgage