Buying a Home

Feb. 3, 2023

You May Not Need as Much as You Think for Your Down Payment

 

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] | MyKCM

Some Highlights

  • Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
  • And with programs like FHA loansVA loans, and USDA loans, some qualified buyers are able to ...
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Jan. 31, 2023

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Lower Mortgage Rates Are Bringing Buyers Back to the Market

Lower Mortgage Rates Are Bringing Buyers Back to the Market | MyKCM

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Now, however ...

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Jan. 27, 2023

Homeownership Builds Your Wealth over Time

 

Homeownership Builds Your Wealth over Time [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
  • On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.
  • Homeownership  ...
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Jan. 26, 2023

Why It Makes Sense To Move Before Spring

 

Why It Makes Sense To Move Before Spring | MyKCM

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time ...

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Jan. 24, 2023

The 3 Factors That Affect Home Affordability

 

The 3 Factors That Affect Home Affordability | MyKCM

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogicshares:

“. . . with ...

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Jan. 20, 2023

What’s Really Happening with Home Prices?

What’s Really Happening with Home Prices? [INFOGRAPHIC]

What’s Really Happening with Home Prices? [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
  • While home prices are down slightly month-over-month in some markets, home values are still up almost 10 ...
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Jan. 19, 2023

Pre-Approval in 2023: What You Need To Know

Pre-Approval in 2023: What You Need To Know

Pre-Approval in 2023: What You Need To Know | MyKCM

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

“In a preapproval [sic], the ...

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Jan. 17, 2023

Think Twice Before Waiting for 3% Mortgage Rates

 

Think Twice Before Waiting for 3% Mortgage Rates | MyKCM

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power ...

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Jan. 13, 2023

Key Terms To Know When Buying a Home

 

Key Terms To Know When Buying a Home [INFOGRAPHIC] | MyKCM

Some Highlights

  • Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process.
  • If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market ...
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Jan. 6, 2023

Tips To Reach Your Homebuying Goals in 2023

Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]

Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC] | MyKCM

Some Highlights

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