Down Payments

Feb. 13, 2023

What You Should Know About Closing Costs

 

What You Should Know About Closing Costs | MyKCM

Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your ...

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Feb. 3, 2023

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

 

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] | MyKCM

Some Highlights

  • Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
  • And with programs like FHA loansVA loans, and USDA loans, some qualified buyers are able to ...
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Jan. 3, 2023

Learn About Options That Can Help You Toward Your Goal

Wondering How Much You Need To Save for a Down Payment?

Wondering How Much You Need To Save for a Down Payment? | MyKCM

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don't let a common misconception about ...

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Oct. 10, 2022

Saving for a Down Payment? Here’s What You Should Know.

 

Saving for a Down Payment? Here’s What You Should Know. | MyKCM

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start.

If that sounds like you, your down payment could be more in reach ...

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Sept. 30, 2022

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers.
  • Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically ...
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July 11, 2022

The Drop in Mortgage Rates Brings Good News for Homebuyers?

 

The Drop in Mortgage Rates Brings Good News for Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that ...

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June 7, 2022

Why the Growing Number of Homes for Sale Is Good for Your Move Up?

 

Why the Growing Number of Homes for Sale Is Good for Your Move Up

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make ...

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May 31, 2022

Why Home Loans Today Aren’t What They Were in the Past?

 

Why Home Loans Today Aren’t What They Were in the Past

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns.

Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit ...

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May 5, 2022

Three Tips for First-Time Homebuyers?

 

Three Tips for First-Time HomebuyersBuying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how ...
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May 3, 2022

Things That Could Help You Win a Bidding War on a Home?

Things That Could Help You Win a Bidding War on a Home
With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how ...
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