How Much Can I Afford to Pay for a House?
Have you been thinking about buying a house but are worried about how much you can afford to spend? One of the biggest mistakes that some homeowners make is to sign for a house that they really will not be…
Home Buying Trends to Be Aware Of
Buying a home is one of the most important things that most of us do during our lives; because of this, people tend to look for as much information as they can about the matter in order to make an…
What’s the Difference Between Interest Rate and APR?
Many home buyers have heard both terms, yet few are aware that interest rates and APR correspond to two different home loan costs. Understanding the difference between interest rate and APR, or annual percentage rate saves home buyers thousands of…
How Rising Interest Rates Affect Mortgages
Are you in the market for a new home, but afraid interest rates may rise? You're not alone. Buying a home is a big decision and can take months before you close the deal. There are several factors that can…
10 Questions to Ask Mortgage Lenders
Overland Park home buyers know the process can be stressful. With the home shortage hitting greater-Kansas City, many potential homebuyers are frustrated. Houses are staying on the market a few short days in many cases. Sometimes homes are only on…
Down Payment Affordability: Tips for Millennial Homebuyers
As more millennials are transitioning from renters to homeowners, many have concerns about the money requirements needed to take the next step. Affording the down payment on a home is the top concern for 50 percent of millennials breaking into…
The Guide on Qualifying for Conventional Home Loans
Conventional home loans in Kansas City are typically loans that are not guaranteed or insured by the federal government. This means that the lenders have no guarantees when the borrower fail to repay the loan. As such, most lenders usually…
8 Questions to Ask Your Loan Broker Before You Apply
There are many reasons you may be taking out a loan. Perhaps you're purchasing a new home or want to invest in new properties. Regardless of the reason, loans can be a very stressful process for most people. Finding a great loan…
Realtors Want Pre-approval Letters
Have you ever had a Realtor® ask you for your pre-approval letter before they are willing to show you a home? Why Realtors want a pre-approval before they show you a home, it’s not because they don’t value your business… it’s…
How to Cancel Private Mortgage Insurance (PMI)
How to Cancel Private Mortgage Insurance (PMI) on Conventional Loans Cancel Private Mortgage Insurance (PMI) that you pay on your mortgage loan, you must be up to date with your monthly payments. And you have to reach the date when the principal balance…