What Is an Underwater Property?
If you are unable to refinance your Kansas City home loan, your home may be an underwater property. Whether you call it “upside down” or “negative equity,” an underwater property is when you owe more...
View ArticleWhat to Do When Your Property is Underwater
If your property is underwater, there are options available to help relieve the burden: Refinance Loan Modification Short Sale Continue payments Strategically default Refinance While refinancing your...
View ArticleHow a Home’s Location Affects Your Standing with Federal Loan Services
Before you decide on the location for your new home, you need to ensure that it won’t affect your ability to obtain a home loan in Kansas City. Federal services or loan providers both offer home...
View ArticleUnderstanding Your Right of Rescission
If you are you planning on refinancing your home loan with a Kansas City mortgage company, you should know and understand your right of rescission. What is the right of rescission and what does it mean...
View ArticleIdentifying Junk Fees in Your Good Faith Estimate
When potential homeowners receive their Good Faith Estimate, they should look out for common junk fees. A junk fee is any charge that serves no purpose other than to create additional revenue for the...
View ArticleCan I Sell My Home If It’s Not Paid Off?
You have decided it’s time to sell your home, but have not yet paid off your Kansas City home loan. Even if you have not paid off your Kansas City home loan, you can still sell. However, you will still...
View ArticleUnderstanding Your Home’s Assessed Value
The payments on your KC home loan are, in part, determined by taxes. To help calculate what you owe in taxes, your property’s assessed value is taken into account. But what exactly is assessed value...
View ArticleKnow the Difference: Credit Score vs. Credit Report
In a previous blog, we discussed how your employer can use your credit report, but the myth that they can check your credit score is still pervasive. The reason this myth won’t die is because people...
View ArticleFactors Lenders Should Consider When Evaluating Applicants
Getting the right applicant approved for a Kansas City home loan is a lengthy, detailed process. As a lender, you will need to review their mortgage application carefully, along with a myriad of other...
View ArticleModifying A Loan Due To Financial Hardship
Death in the family, illness, loss of a job, or divorce can take a great toll on our daily lives and finances. If tragedy strikes and you are unable to afford your monthly mortgage payments and find...
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