2 Myths That May Be Holding Back Buyers

2 Myths That May Be Holding Back Buyers | MyKCM

Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.” Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According ... Read More

The Dangers of “Tight Mortgage Credit” Headlines

The Dangers of “Tight Mortgage Credit” Headlines | MyKCM

The availability of mortgage credit is not at the same level that it was during the boom in housing (2005), and that’s good news. However, the constant headlines which talk about “tight credit” are causing some potential home buyers to doubt their ability to purchase. We want to rectify the misconception of what is required ... Read More

Slaying Myths About Home Buying [INFOGRAPHIC]

Slaying Myths About Home Buying [INFOGRAPHIC] | My KCM

Some Highlights: Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! Credit score requirements to be approved for a mortgage continue to fall.

Obstacles to Homeownership: Perceived or Real?

Obstacles to Homeownership: Perceived or Real? | Simplifying The Market

Yesterday, we discussed the belief Americans have in homeownership and their desire to partake in this piece of the American Dream. We also discussed some of the obstacles preventing them from attaining that goal. However, studies have shown that many of the obstacles mentioned are perceived, not real.