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…
Conventional home loans 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 require borrowers to…
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…
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) 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…
Understanding Your Credit Report Taking the Mystery Out of Credit Understanding your credit report is important in today's lending environment. Credit scores can be complicated to understand and can be a mystery to most people. With access to a variety…
Realtors Beware: There is a New Email Phishing Scam Targeting Realtors and Home-buyers. Metropolitan Mortgage has a security policy in place to protect our home-buyers from scams such as this. Per the Federal Trade Commission there is a new email…
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…
3 Questions to Ask Before Buying Your Dream Home Here are 3 Questions to Ask Before Buying Your Dream Home. If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and…
Inadequate Inventory Driving Prices Up The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices. We are all familiar with the concept of supply and…