Which sounds better: moving into a home that you know is sound and you are aware of any repairs needed, or moving into a home and discovering that the ceiling leaks and the electric systems are unreliable? Being aware of any problems that need to be fixed or have been fixed, of course. Buying your […]
Buying A Home: The Home Inspection Process
How Mortgage Rates Are Determined
If you are shopping for a mortgage to buy a home, or looking to refinance the mortgage you currently have, how can you estimate how much you will be paying in mortgage rates? After all, it is what determines how much you will be paying each month. A number of factors determine how your mortgage […]
What Kind Of Mortgage Is Right For You?
You’re on the hunt for a new home. But what kind of mortgage should you get and will it be right for you? Today, we will briefly explore the various types of mortgages available and what each means for you: Fixed Rate A fixed rate mortgage is one of the more popular mortgages, as it […]
Why You Should Consider A Career As A Loan Officer
Do you want to help people find the home of their dreams? Are you detail-oriented and can self-manage your time and schedules? Are you driven to excel and be the best you can be at your job? Do you have an outgoing personality? If so, pursuing a career as a loan officer may be for […]
Understanding Contingency Clauses
No home purchase goes smoothly 100% of the time. There may come a time when you have to back out of real estate contract – maybe there was an undisclosed defect in the home or it has an unmarketable title – and perhaps you are past the due diligence period. What could you do to […]
Factors Lenders Should Consider When Evaluating Applicants
Getting the right applicant approved for a Kansas City home loan is a lengthy, detailed process. As a lender, you will need to review their mortgage application carefully, along with a myriad of other documents, in order to determine if they are low-risk and able to repay the loan. Here are the factors you need […]
Does Buying Points Make Sense For Your Mortgage?
If you’re trying to get a good deal on Kansas City mortgage rates, you may have heard that you can buy points on your mortgage. Essentially, you are “buying down” your mortgage rate. But is this the right move for you and when should you do it?
The Impact Of Credit Bureaus No Longer Collecting Tax Lien & Civil Judgement Info
Beginning July 1, 2017, credit bureaus like Equifax, TransUnion, and Experian will no longer collect tax lien and civil judgement information in order to calculate credit scores – especially if the information doesn’t provide complete details on the consumer like their name or date of birth, and public records aren’t checked for updates every 90 […]
How to Keep Accurate Records (And Why It’s Important)
Whether you are applying for a home loan, getting pre-approved, or selling a home, keeping accurate records is an important part of financial responsibility. Accurate records will help you provide evidence about a past event like a home purchase in case of emergency or you need proof of ownership. Why Keep Accurate, Organized Records? According […]
Examples Of Common Closing Costs
When you close on your home, you will be paying around 2 to 6 percent of the purchase price in closing costs, or fees paid to third parties for their services. Lenders are required by law to provide you with an estimate of how much these closing costs will cost you so you know what […]
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