There are many things to think about, and making a first-time home buyer mistakes can cost you time and money. For many people, buying their first home is a significant milestone. It’s an exciting time, but it can also be…
Are you planning to buy a home in Kansas City? As a first-time homebuyer or even a seasoned veteran of the home buying process, you may be wondering why realtors always ask for pre-approval letters. The letter is a vital…
Mortgages have many options, but you can choose from fixed rates or ones that change. Fixed-rate loans lock in your interest rate and payment for life, while adjustable rate mortgages (ARMs) have fluctuating margins which could lead to savings if…
If you have recently received extra money, you might consider paying your mortgage principal. If so, this article covers the pros and cons of what you should know about recasting a mortgage. Occasionally, homeowners will receive a rather sizable amount…
Mortgage reserves are an essential part of getting a mortgage. But what are they, and why do you need them? In this blog post, we’ll answer those questions and more. Plus, we’ll help you figure out how much money you…
When buying a home, one crucial step in the process is getting an appraisal report. This document provides an unbiased estimate of a property’s market value and is essential for both buyers and lenders. In this article, we will delve…
When you’re shopping for a mortgage, you’ll encounter two important terms: the interest rate and the Annual Percentage Rate (APR). Understanding the difference between APR vs. Interest Rate can help you make better financial decisions whether you’re buying a home…
Understanding how to secure the best mortgage loan rates is crucial for homebuyers. Lower rates can save you thousands over the life of your loan. This guide will help you navigate the process, ensuring you get the best deal possible…
Are you considering moving to Kansas City? Whether you’re relocating for a job, seeking a change of scenery, or looking for a new place to call home, Kansas City has a lot to offer. At Metropolitan Mortgage Corporation, we understand…
Buying your first home in Overland Park, KS, can be exciting yet overwhelming, especially in a market with median prices around $525,000 and homes selling in just 8-10 days. Fortunately, first-time homebuyer programs make it more achievable with low down…
