FHA home loans have become more affordable thanks to a drop in the annual mortgage insurance premium that the Federal Housing Administration charges for the loan.
Add lower down payment and credit requirements to the mix, and the fact these federally-insured loans are assumable, and FHA mortgages are an attractive option to many borrowers.
Contact your bank or mortgage company to check on the loan rate and see if you meet the program requirements whether you want to purchase or refinance.
http://www.kcmetroteam.com
KC Metro Team - Platinum Realty
9393 W. 110th St Suite #170
Overland Park, KS 66210
Licensed in KS & MO
888-220-0988
A LITTLE SWEAT EQUITY & You Will Have A GREAT STARTER HOME! Home features living rm w/a vaulted ceiling & FP. Eat-in kitchen offers plenty of cabinet space, a pantry, & laminate flooring. Dining area walks out to a deck...perfect for relaxing or entertaining. Good sized rooms thru-out & lots of windows to allow nice natural lighting. Finished lower level rec rm w/half bath provides extra living space...PLUS walks out to a large backyard. OPPORTUNITY KNOCKS! Call us today 913-732-1247
See more homes in the 64056 Zip Code
Listing provided courtesy of Keller Williams Platinum
Are you looking for a good deal on your next home purchase? Ever thought about a Foreclosure home in Kansas City?
We’re the KC Metro Team and we’d like to show you some of the Foreclosure deals we’ve found around the KC area. Over the last several years we’ve helped many first time home buyers, move up buyers and investors buy a foreclosure and save a lot of money in the process. We can help you too! Our goal is to help you find great foreclosures in the Kansas City area.
By signing up for our free weekly list of foreclosures you’ll get one email a week with a list of all the foreclosures available through the Kansas City area. Our list covers from Blue Springs to Bonner Springs and Smithville to Spring Hill so you will see everything on the market. And since we’re licensed in both Kansas and Missouri we can show you any house on the market, including non-foreclosure homes.
In this video we show you just a few of the great deals we've found around KC Metro. And if you click on the videos below you can see what some of our previous clients have to say about working with us, and you can learn about how you can use a special fixer upper loan called a 203k to help you buy a house and get money to fix it up at the same time so don’t be scared of looking at foreclosures. With a 203k loan you can make it your dream home before you ever move in!
Of course everybody wants a bargain. Some buyers find bargain homes simply by finding the right property, in the right area, and at the right price that suits their situation. Others are able to find bargains in distressed properties or short sales or foreclosure auctions. For many of our clients, the best bargains are to be found in foreclosures or bank-owned properties. As Kansas City foreclosure specialists, our business fits the needs of first-time home buyers, move-up buyers, investors, retirees, and anyone interested in buying a HUD, local bank-owned homes or government-owned property (also called REO for "real estate owned"). Why do we focus on HUD properties, foreclosures or bank-owned properties around Kansas City Metro? Compared with other bargain opportunities, these homes frequently offer our clients the optimum combination of low price, reduced risk, ease of financing and predictable closing/settlement. We make it our business to help our clients find - and buy -- the best foreclosures in the KC area. In fact, foreclosures come on the market today in all price ranges, from entry-level homes to luxury properties, and in all types of physical condition. Just because a home has been foreclosed doesn't necessarily mean it is rundown, nor is it necessarily a bargain, either.
Finding the cream of the crop is our specialty. The secret to getting a great deal on a HUD is knowing where to look, knowing a true bargain (not a money pit) when you find it, and knowing how to get your offer accepted by the seller. Let us help you find a great foreclosure property in KC Metro that fits your needs. Give us a call at 913-732-1247 or sign up for our free weekly list.
Great home in Blue Springs with lots of potential. Bring your ideas and bring it back to life. Buyer Must Have a Mortgage Commitment or proof of cash before bidding.
If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate.
Let’s look at whether or not now is actually a good time for you to buy a home.
There are 3 questions you should ask before purchasing in today’s market:
1. Why am I buying a home in the first place?
This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances.
A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:
A good place to raise children and for them to get a good education
A place where you and your family feel safe
More space for you and your family
Control of that space
What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.
2. Where are home values headed?
When looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
Here is what the experts projected in the latest survey:
Home values will appreciate by 4.1% in 2015.
The cumulative appreciation will be 18.1% by 2019.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 10.5% by 2019.
So what does that really mean for you and your family?
The chart below was made using the Home Price Expectation Survey’s predictions:
If the experts are right and you were to purchase a home by January 2016 for $250,000, that home would appreciate by over $34,000 over the next four years! As we have reported before, homeownership is one of the best ways to build your family’s wealth.
3. Where are mortgage interest rates headed?
A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates.
The Mortgage Bankers Association (MBA), the National Association of Realtors and Freddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months as you can see in the chart below:
Bottom Line
Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.
Split Entry home located in Beverley Subdivision and the Kansas City KS School District(http://kckps.org/). Home is equipped with 4 bedrooms / 2.5 baths, spacious basement, and 1 car attached garage.
See more homes in the 66102 Zip Code
Listing provided courtesy of Greater Kansas City Realty
Are you looking for a REALTOR with great reviews and testimonials from happy clients? Our team of real estate agents have great reviews on sites like Google, Zillow, YP and Yelp. We are licensed real estate agents that can sell properties in Kansas and Missouri. This video review is just a sample of dozens of reviews we have received from our satisfied clients. Feel free to learn more by searching for the KC Metro Team on Yelp . Our goal is to be the real estate agents you refer to your family and friends. So if you need a good agent that's also a REALTOR, read our reviews and testimonials then give us a call. We service all areas of Kansas City!
KC Metro Team - Platinum Realty Licensed in KS & MO 913-732-1247 888-220-0988
See more homes in the 64056 Zip Code
