A loan-to-value (LTV) ratio compares the size of your mortgage to the value of your property. Lenders use your LTV ratio to determine your interest rate, monthly payment, and how much you can borrow. What is a Loan-To-Value Ratio (LTV)?…
When buying a home, understanding your Debt-to-Income Ratio (DTI) is crucial. A high DTI can signal financial strain, making it harder to secure a mortgage. This guide explains what DTI is, how to calculate it, and how to optimize it…
Refinancing investment properties can be a smart strategy to optimize your portfolio, reduce interest rates, and access equity for future investments. If you own rental properties or other real estate investments in Kansas City, understanding the refinancing process can help…
The Independence, MO housing market is an attractive option for homebuyers in the Kansas City metropolitan area. With its rich history, affordable housing options, and close-knit community, Independence offers a unique living experience. This guide will explore the current trends,…
Exploring homeownership, especially as a first-time buyer? You’ve likely encountered the term FHA Mortgage Insurance Premium (MIP). This post explains MIP, its function, and its role in your homebuying journey. Understanding FHA Loans An FHA loan, backed by the Federal…
As you navigate the home buying process, one critical step is securing homeowners insurance. This essential coverage protects your investment by safeguarding your home and personal belongings against unexpected events like fires, theft, or natural disasters. However, with so many…
Dreaming of a home in Kansas City, MO, or Kansas City, KS? Our affordability calculator helps you determine if your dream home fits your budget. Learn how to use it and understand how income, debts, and local costs like property…
Finding the right mortgage lender in Kansas City, MO, can feel overwhelming. This comprehensive guide simplifies the process, empowering you to confidently navigate the dynamic Kansas City mortgage market. Discover valuable resources, expert advice, and local insights to embark on…
When it comes to financing your home, choosing between a 15 vs 30 Year Mortgage is a significant decision. Each option has its advantages and disadvantages, and the right choice depends on your financial situation and long-term goals. In this…
Some homeowners purchase mortgage points, commonly called “origination points” or “discount points,” to reduce the interest they pay. Most of us will spend the most money on purchasing a home, so anything that might lower the mortgage cost is worthwhile…
