Home Buyers

Jan. 28, 2017

Taking the Fear out of the Mortgage Process

 

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 jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

For many, the mortgage process can be scary …

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Posted in Home Buyers
Jan. 27, 2017

Interest Rates Remain at Historic Low

 

Interest Rates Remain at Historic Lows… But for How Long?

Interest Rates Remain at Historic Lows… But for How Long? | MyKCM

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts …

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Posted in Home Buyers
Jan. 27, 2017

Sales at Highest Pace in 10 Years

 

Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

Sales at Highest Pace in 10 Years! [INFOGRAPHIC] | MyKCM

Highlights:

  • 45 million existing homes were sold in 2016! This is the highest mark set since 2006.
  • Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
  • The median price …
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Jan. 26, 2017

What you Need to Know about PMI

You Can Never Have TMI about PMI | Keeping Current Matters

You Can Never Have TMI about PMI | MyKCM

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a …

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Posted in Financing, Home Buyers
Jan. 25, 2017

Where will Home Prices be in 5 Years?

 

Home Prices: Where Will They Be in 5 Years?

Home Prices: Where Will They Be in 5 Years? | MyKCM

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts …

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Jan. 24, 2017

How Low Interest Rates Affect Your Buying Power

How Low Interest Rates Increase Your Purchasing Power

How Low Interest Rates Increase Your Purchasing Power | MyKCM

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history!

The interest rate you secure when buying a home not …

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Posted in Home Buyers
Jan. 23, 2017

Have you Save Enough for Closing Costs?

Have You Saved Enough for Closing Costs?

There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we have dispelled this myth by showing that …

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Posted in Home Buyers
Jan. 12, 2017

Is this the Year to Move up to your Dream Home?

Is This the Year to Move Up to Your Dream Home? If So, Do it Early

Is This the Year to Move Up to Your Dream Home? If So, Do it Early | MyKCM

It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:

  1. The University of Michigan Consumer Sentiment …
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Posted in Financing, Home Buyers