Kansas City Real Estate Network

Letter to Kansas City Home Buyers: National banks are losing local Kansas City mortgage  business to local mortgage lenders and banksI feel compelled to advise local homebuyers to think carefully whom they select when applying for a home loan. If you don't think who you choose to get your mortgage loan, read on . . .Over the years I have ...

Question: I currently live in Des Moines, IA and will be relocating to Kansas City this summer. I have a mortgage company that I have used in Des Moines, but they don't do mortgages in Kansas City. How do I find a mortgage company in Kansas City? Clayton R. from Des Moines, IA Answer: Great question, Clayton. A few years ago I would probably say ...

Mortgage Bank Financing Programs Available Luxury Home Financing                                           Friday, May 04, 2012 90% Jumbo Mortgage Loan10/1 ARM3.75% 30/15 ...

I went out to lunch with one of my banker friends yesterday. We discussed what was new in the banking world and his new move to his new bank. He was excited about zero down physician mortgage loan that his bank is offering to medical doctors. His bank is licensed in many states and offers the physician mortgage loan to many of the ...

Question: My boyfriend and I are looking to purchase a home in the Johnson County, Kansas this spring. We have a small down payment and will probably need down payment help for a conventional home loan. We need to stay in the area because of our jobs and would like to put our hard working money into a home. As first time home buyers, are ...

Question: I was recently contacted by mail from the Litigation Law Group out of California offering to reduce my house payment and lock in a low interest rate. I am currently not behind on my mortgage. I called them and after answering a few questions about our finances a representative called me back in less than an hour and said they could ...

Question: Can a Kansas City Realtor help my family find a house to rent to own. We are desperate and do not know the best way to find a home in Kansas City. Last year was an unfortunate year with a sudden illness, my husband lost his job and a bankruptcy. I have a stable fulltime job for over 14 years as a Physical Therapist with a very good ...

Question: My Chapter 13 has been discharged for six months and I have a 704 credit score (avg.) with a debt to income ratio of 28%. As such, can I qualify for a Mortgage to buy a home in Kansas City? If so, where should I look for a mortgage? Thanks. Charlene, Kansas City Answer: Unfortunately, Charlene, I'm going to be the bearer of ...

Choosing the wrong mortgage company can hurt you when buying a home in Kansas City  Loan officers and mortgage companies are all the same. The have the same products and all of their real work is done on a computer. So why not choose a loan officer or mortgage bank by what their interest rate it is, right? I wish more Kansas City home ...

How do you finance a distressed home in Kansas City that needs lots of repairs? If you are looking to buy a home in Kansas City that needs repairs, then you may have already found that finding the distressed home is the easy part. There are plenty of opportunities in the Kansas City real estate market. There is a record number of distressed ...

Are you somebody who has decent credit but very little cash, and you want to buy a home in Kansas City? In the old days of the housing boom, there were many ways to solve this problem. But today, no money down programs are few and far between, so cash-strapped home buyers need to explore all of their options. The USDA Rural Development Guarantee ...

Senate Democrats and House Republicans proposed a plan to pay for the proposed payroll tax-cut extension. Their plan will increase  the ''guarantee'' fees that Fannie Mae and Freddie Mac will charge mortgage lenders. The government-sponsored enterprises, Fannie Mae and Freddie Mac, use the guarantee fees to cover defaulted mortgage loans ...

There are Zero to Low Down Mortgage Options Available in Kansas City - Need Help with Financing? Over the past 60 days I have heard manyKansas City first time home buyers talk about the unavailability oflow down mortgage programs. True, there are fewer low down loanprograms, there are a few that first time home buyers ...

Obtaining a Mortgage After the Foreclosure of your Kansas City Home - Some Interesting Facts If your Kansas City home has been foreclosed by your lender, it must be a terrible experience for you. What is even more shocking is that on certain occasions, foreclosures become inevitable. For instance, unexpected unemployment or a health problem ...

 Email Inquiry: I'm looking to buy a home in Gardner, Kansas. The problem is I have a recent bankruptcy. Can I get a mortgage loan? Real Estate Wizard: Yes, a home buyer can obtain a USDA Rural Development mortgage loan 1 day out of bankruptcy provided that the minimum FICO scores are at a 620 minimum and you have compensating factors ...

As a Kansas City Realtor who has been heavily involved closing Kansas short sales over the last seven years, one of the questions that I get asked quite often from home sellers involved in a short sale is how long will it take before I will be able to buy a home again. The answer to this question does not have any clear cut and dry answer. There ...

For the third time in 12 months, The Department of Housing and Urban Development or more commonly known as HUD is changing its FHA mortgage program. This time, the mortgage insurance premium is going up. This means that the monthly payment to Kansas City home buyers will increase. Let me go into more detail.Effective for all FHA case numbers ...

Did you purchase a Kansas City home in 2008 or know of someone who bought a home in 2008? If the $7500 first time home buyer tax credit was used to purchase the home…did you know it is time to start paying back the tax credit? For many people who purchased a home for the first time in 2008, it’s payback time. It sounded like a great deal at the ...

How the new FHA Policy Changes will affect Kansas City home buyers The FHA will be making the following changes starting in March of 2011 for Kansas City home buyers: increase the mortgage insurance premium (MIP); update the combination of FICO scores and down payments for new borrowers; reduce seller concessions to three percent, from six ...

Where do I start when I want to save money after Christmas? Clients tell us finding the right loan when purchasing your Olathe home can save you hundreds each month, and tens of thousands over the life of your loan! Once you’ve found the right home, getting a great deal on on an Overland park home is never as important as getting the right ...