The KCM Blog

FHA

…And the Changes Keep Coming

December 1, 2011

With an election year right around the corner, it seems obvious that the world is full of flip-floppers, so why should housing and mortgage policy-makers be any different? Remember when the Federal Government was trying to ease its way out of being the dominant provider of mortgage financing (and trying to move people more into [...]

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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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Sense of Urgency?

August 27, 2010

It’s been hard to fault home buyers who haven’t rushed to buy a home, now that there is no longer any Federal Tax Credit. I mean, if you read this blog with any consistency, we all know that home prices are going to continue to tumble, and there is no indication of interest rates climbing [...]

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Is FHA Trying To Become LESS Popular?

June 3, 2010

There is a buzz in the real estate and mortgage world that says that FHA is moving towards changing how they charge insurance premiums – again!  And the proposal I am hearing is going to reduce the number of people who are eligible for the FHA Program, as well as make the program less attractive. [...]

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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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