As we get into the full swing of the spring buying season, we will be using our Weekly Keynote to introduce you to products that you may know little about that could open up opportunities for you to work with more buyers and sellers. This week, we are going to discuss our ITIN lending option. […]
FHA Lowers Mortgage Insurance Premiums
HUD announced last week that they were making homeownership more affordable by reducing the monthly mortgage insurance premiums on FHA loans effective in mid-March. The last time these mortgage insurance premiums changed was back in 2015. These new changes will, on average, reduce the homeownership cost by $850 annually, making this a real cost savings […]
Key Mortgage Can Help Your Clients Get $$$ for a Downpayment
Did you know that in a recent survey, 67% of millennials stated they are “likely” to buy a home in the next two years? In that same group: 35% said a lack of downpayment is holding them back from purchasing a new home 39% that rented believed you needed a 20% downpayment 42% were unaware […]
Don’t Time the Market – Buy Now and Refinance Later
In a recent survey, many potential homebuyers cited today’s interest rates as their main drawback to buying right now and they felt that waiting for them to “go back down” was in their best interest. However, without a crystal ball, there’s no way to tell how long that will take, or how low rates will […]
Fannie & Freddie set to help (some) homeowners
Fannie Mae and Freddie Mac secure almost 80% of all loans in the United States. So with recent buzz about LLPA changes coming this spring, you and your clients may be wondering “does this affect me?” Here’s what upcoming changes could mean to you and interest rates. LLPA stands for Loan Level Pricing Adjustment and […]
Get An Accurate Appraisal in a Wonky Market
Home prices are rising. No they’re falling — wait, maybe they are rising? Although the housing shortage is beginning to self-correct, we still often see a disconnect with what a buyer is willing to pay versus the property’s appraised value. This can impact the buyer’s financing options and leave the seller with less than what […]
As Good As Cash – SecureShop Gives Buyers an Advantage
Ensure your buyers have a competitive advantage in today’s market with SecureShop by Key Mortgage. With a SecureShop preapproval, our loan officers take the extra step of having an underwriter review a borrower’s credit, income and assets upfront before they make any offers, rather than the traditional process of waiting until after an offer has been accepted. Using SecureShop minimizes […]
Looking for Ideas To Generate Business? We Got You!
2023, here we come! All that business planning you did in November and December is about to be put to the test. At Key Mortgage, we know it takes a team to reach your goals and we want you to know we are in your corner to help you blow your 2023 goals out of […]
Nothing is for Free – Including a Refinance
The idea of a “free refinance” or “no lender fees” is nothing new – it’s a common marketing practice used by lenders to attract consumers. No one wants to pay fees, they see no benefit in that, so it’s an easy concept to market to. But, the reality is that no service that requires work […]
Loan Limit Cheat Sheet
The Federal Housing Finance Agency (FHFA) and HUD just increased buying power for conforming loan limits and some limits have increased by nearly $100K! Here are the changes and some other numbers you should know to help guide your client in selecting the right property for them. Max Loan Amount in Chicago Metropolitan Statistical Area […]
