Category Archives: Loans and Mortgage
Mortgage Rates Hit Record Lows
Low mortgage rates and low home prices make this a perfect home buyer’s market in Kansas City.
HUD Foreclosures for $100 Down!
Program for FHA financing of HUD foreclosures for only $100 down.
FHA Upper Limits Reinstated
Congress recently voted to reinstate the maximum mortgage amount the FHA will guarantee–$729,750.00. This move was lobbied hard by the National Association of Realtors, and they are claiming success. Perhaps such a move is of benefit to high priced markets, but here in Kansas City I don’t know that it will make much difference. I [...]
Loan Companies Make More if You Default
I’ve written previously about people I know in Kansas City who have been worked over by the loan servicing companies when they asked for a mortgage modification. Below is a link to another horror story of a widow who was granted a mortgage modification by Bank of America. When she paid her mortgage a few [...]