The KCM Blog

203K

4 Loan Programs You NEED To Know About

September 16, 2010

While a vast majority of all mortgage products are fairly “vanilla”, there are a couple of other flavors of loans that, if you meet the criteria, may help you get approved, or may help make your purchase more affordable monthly, or lessen your need for as much cash to close. Recognize that each of these [...]

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Who Cares If I Miss Out On The Tax Credit?

April 16, 2010

Many people who are looking to buy a home now NEED the Tax Credit to close a gap in their finances.  But not everyone feels that way. As the days tick away, I have started to hear some buyers already begin rationalizing why they have not yet gone to contract.  They say things like, “$8,000 [...]

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FHA 203(k) – Understanding Its Real Value – Part 2

March 5, 2010

Here is Part 2 of Skip Schenker’s two part series on understanding the FHA 203(k) and its real value. In case you missed yesterday’s, here is a link to Part 1. How Is the Appraisal Completed? The appraiser is given a detailed report from either a licensed contractor [for the “Streamline” 203(k)]; or from an [...]

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FHA 203(k) – Understanding Its Real Value – Part 1

March 4, 2010

Many readers have requested a post on the FHA 203k program. I was lucky to meet Skip Schenker, a national expert and instructor on the subject, while we were both speaking at a conference in Dallas last month. I asked him to share some of his thoughts. Here is his contribution. – Steve Harney The [...]

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6 Questions You Should Ask Your Lender

January 6, 2010

This article is brought to you by guest blogger and mortgage planning specialist, Dean Hartman.  Feel free to leave Dean any questions or comments below. More and more, consumers are learning that there is much more to getting a mortgage than just the interest rate and points.  A good mortgage planner is more in the [...]

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Money to Purchase AND Renovate Your Home

December 17, 2009

Whether you are looking at a Foreclosed Home, Bank REO, a Short Sale, or any home really, you need to be aware of the FHA 203K Program.  The general condition of real estate has taken a dip over the past few years, as homeowners are not sprucing up their homes as they have in the [...]

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