Mortgages

Feb. 3, 2021

Do I Really Need a 20% Down Payment to Buy a Home?

Do I Really Need a 20% Down Payment to Buy a Home? | MyKCM

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still ...

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Jan. 27, 2021

What Happens When Homeowners Leave Their Forbearance Plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:

  • 2,543,000 ...
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Jan. 27, 2021

New Year, New Changes: What Can Homeowners Expect With Biden's Presidency?

With President Biden now in the white house, all eyes have been on his policy changes. What will they have planned for the housing market in 2021 and beyond?

Let's look at what we know so far.

Sights set on more high-density, multi-family construction – Last year didn't ...

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Jan. 19, 2021

Should I Wait for Lower Mortgage Interest Rates?

Should I Wait for Lower Mortgage Interest Rates? | Simplifying The Market

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the ...

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Jan. 5, 2021

Why Not to Wait Until Spring to Make a Move

Why Not to Wait Until Spring to Make a Move | Simplifying The Market

The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move ...

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Jan. 2, 2021

2021 Experts Forecast

 

2021 Experts Real Estate Forecast

The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead.

Lawrence Yun, Chief Economist, National Association ...

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Dec. 7, 2020

Staying Debt Free


Debt2

Reducing debt is the first step to achieving financial freedom! Practice these good habits to stay motivated while paying off debt, including creating a budget and tackling one debt at a time. 

1. Be mindful of spending. Whether you want to lower your debt or pay it off altogether, it’s ...

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Posted in Buying, Money, Mortgages
Dec. 3, 2020

5 Steps to Follow When Applying for Forbearance

5 Steps to Follow When Applying for Forbearance | MyKCM

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times.

It’s important, however, to ...

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Dec. 2, 2020

With Home Values Surging, Is it Still Affordable to Buy Right Now?

With Home Values Surging, Is it Still Affordable to Buy Right Now? | MyKCM

Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained:

“Although the headwind of severe supply constraints ...

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Nov. 19, 2020

Will Mortgage Rates Remain Low Next Year?

Will Mortgage Rates Remain Low Next Year? | MyKCM

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year ...

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