Kansas City Real Estate Network

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 ...

MANY KANSAS CITY HOMEOWNERS GET AWAY WITH DEFAULTING ON MORTGAGE PAYMENTS FOR YEARS.... Never realizing the long-term impact of all of those missing payments on their credit scores. Reggie and his wife Barbara called and asked me to help them market their home for a short sale.  We had an in-depth telephone conversation prior to our ...

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 ...

As Global Grew, 30-Year Mortgage Rates Drop Have Dropped - Now Mortgage Rates are Below 4%For the first time ever, 30-year fixed-rate mortgage rates have fallen to well below 4 percent, according to a mortgage market survey provided by Freddie Mac.  In the past month mortgage interest rates have continued to set new weekly record lows, but ...

Kansas City Real Estate and Mortgage INFO THAT HITS US WHERE WE LIVE... Last week's ''difficulty'' for the housing market came from the news that New Home Sales dropped 0.7% for July, to a 298,000 annual rate. They've been in this low range since May of last year, competing with existing homes selling at discounts. But there is ...

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 ...

Doesn't it make sense to buy when things are on sale? If you're looking for a stereo, wouldn't you check the best buy ads? Looking for a car? Checkout the Sunday display ads, right? How about groceries . . . wouldn't you checkout the weekly grocery store ads? You getting the idea. We'll, I'm here to inform you that Kansas City real ...

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 ...

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 ...

Part 3.... But perhaps the toughest news from Fannie Mae concerns borrowers who have gone through foreclosure, (or are classified as a walk-away). As we’ve discussed in the past, walk-aways’ are folks who have had enough....They leave their homes, maybe even turn in their keys to the lenders...and they walk-away.  These end up being ...

Retro might come back...Maybe....That’s why I’m hanging on to ALL of my polyester disco clothes. Chuckling. Interest in my disco clothes is headed downhill...Mortgage interest rates will rise.... Maybe you believe the interest rate is less important than getting a great deal on the price of your home?  The difference in monthly ...

Wow.  Where we live and how we live....What drives us?  Are we, each of us, the sum total of our credit scores?  These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, the ability to choose the "best" candidate for the job. ...

In his work, Conspiracy of the Rich, Rich Dad entrepenour, Robert Kiosaki, discusses the fact that during our current crisis on Wall Street, wealth didn't evaporate, it just changed hands....WHAT DOES THIS HAVE TO DO WITH REAL ESTATE? Your equity, your value, may come back....If it does, and that's a big if, respected economists are ...

So most of us are feeling better about the economy...?  Huh?  Why?  Good question to ask ourselves...Are YOU feeling better about the economy?  The latest government report regarding homebuilders suggests we "feel" better...What does that mean? For most of us, there is an increased sense that credit is ...

I'm standing in line at my tennis club last Thursday, (yeah, OK, sniff sniff, just tennis courts)....Guy in front of me is interested in buying a home, but wants to wait for rates to go down...further.  Huh? Wow.  "Go down further"....Interest rates are at near 40 year lows for 30 year fixed mortgages. ....And home prices ...

it was amazing how quickly I've been losing the weight.  11 pounds inside 3 weeks.  Yep, I'm OK with that. But the real amazing part was how much less I was spending on food....That and my kids are losing weight as well. More green vegetables, more chicken and fish....Less starchy carbs, less fried foods...S'all good.  ...