Mortgage

May 22, 2020

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC] | MyKCM

Some Highlights

  • Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.
  • Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
  • Let’s connect to determine the best way to position yourself for a ...
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Posted in Mortgage
March 26, 2020

Is Now a Good Time to Refinance My Home?Is Now a Good Time to Refinance My Home?

Is Now a Good Time to Refinance My Home? | MyKCM

With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:

Why do you want to refinance?

There are many reasons to refinance ...

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Posted in Mortgage
March 3, 2020

How Interest Rates Can Impact Your Monthly Housing Payments

How Interest Rates Can Impact Your Monthly Housing Payments | MyKCM

Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.

Freddie Mac explains:

If you're in ...

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Posted in Mortgage
March 3, 2020

How Your Tax Refund Can Move You Toward Homeownership This Year

How Your Tax Refund Can Move You Toward Homeownership This Year | MyKCM

If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year.

Based on data released by the Internal Revenue Service (IRS), Americans can expect an ...

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Posted in 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