Mortgage

Close up of a young man working on his laptop from home Think Twice Before Waiting for 3% Mortgage Rates Think Twice Before Waiting for 3% Mortgage Rates | MyKCM Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped…

Jumbo loans are quite common now. As home prices have skyrocketed, the number of borrowers who need larger loans has also increased. A jumbo loan is a mortgage that exceeds the conforming loan limit set by the federal government every year. Jumbo loans can be used for primary homes, second or vacation homes or investment…

The Federal Reserve raised its benchmark interest rate .75% in September and concerns over how this would affect the personal finances of millions of Americans started to arise. While an increase in rates may help tame inflation, they don't always help consumers. However, some homeowners may still benefit from mortgage refinancing. In fact, even with…

There is a lot of competition in the real estate market today, so you do not want to do anything that could jeopardize your chances of getting your dream home. The home loan approval process is not as simple as most people believe, and it can take some time to process all the information required.…

Once you’ve applied for a mortgage, there are some key things to keep in mind before you close the transaction. It’s exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, or move your money around, be sure to consult your lender. Here’s a list of…

As a renter, you face the same question on some sort of recurring basis (depending on your lease tenure): keep renting for another year or purchase a home? Your answer obviously depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are…

There’s no way around it, mortgage rates have been on the rise in 2022. With the uncertainty of where rates may go, you should do everything in your power to increase your chance at getting the best rate available to you. Your mortgage rate will depend on things such as your personal credit profile, income,…