The Mortgage Basics section is your go-to resource for understanding the fundamentals of home loans. From explaining mortgage types and terms to demystifying the application process, these articles provide clear, practical insights to help first-time buyers and homeowners make informed decisions.
For many Americans, student loan debt is a significant financial reality. With over 45 million borrowers owing a collective $1.7 trillion in student loans, it’s no surprise that aspiring homeowners often wonder: Can I still get a mortgage if I…
Kansas City Mortgage FAQs Welcome to the Kansas City mortgage FAQs page for Metropolitan Mortgage Corporation, your trusted lender in Kansas City and Overland Park. Below, we answer common questions about our mortgage services, loan programs, and the homebuying process…
Are you in the market for a new home but need help with your finances? If so, you may wonder about gift letters and how to complete them. A gift letter for mortgage loans are a written statement that ensures…
When buying a home, understanding the various components of your mortgage is crucial. One important aspect is the impound account, also known as an escrow account. This guide will help you understand how these accounts work and their impact on…
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…
One of the most important mortgage disclosures you’ll examine when comparing home loan offers is the loan estimate. However, the loan estimate form contains a plethora of precise information. There are key points to keep in mind so that you…
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…
As you navigate the world of personal finance, you may come across a term that seems to carry more weight than others: credit scores. If you’re not familiar with credit scores and how they work, it’s important to educate yourself…
When it comes to homeownership, a mortgage payment is a significant financial obligation that requires careful consideration. Understanding what is included in a mortgage payment is crucial for making informed decisions. In this article, we will explore the components of…
Mortgage closing costs are an essential aspect of buying a home. Knowing what to expect helps in planning your finances. In Kansas City, these costs can vary depending on various factors. This comprehensive guide aims to break down the components…
