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Kansas City Marketplace * Mortgage Interest Rates & Home Loans
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www.JBPRealtyGroup.com
The Ever Changing Kansas City Marketplace
Jason Brown Premier Realty Group keeps you current on changes in the Kansas City marketplace. Our sensitivity to changing market conditions allows us to provide our clients proper guidance when buying or selling their home. Being alert and looking at developments that affect our client's home purchase or sale allows for a quick response before the rest of the market reacts.
Jason Brown Premier Realty Group
Jason A. Brown
Keller Williams Realty Partners
11005 Metcalf Ave.
Overland Park, KS 66210
Group: (913) 906-5417
Direct: (913) 915-6008
Fax: (913) 744-2617
Email: JasonBrown@KW.com
Request Info / Send Feedback
Want To Get Pre-Qualified For A Mortgage Loan?
It costs nothing to get pre-qualified with our preferred LOCAL lenders, so obtain the peace of mind in knowing your complete purchasing ability.
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Alan Scarpa
National Bank of Kansas City
Customized Loan Options
Easy Local Pre-Approval! |
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National Interest Rates
Bankrate.com
Check rates nationwide
A National Reference Point! |
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KC real estate news from...
Inman News
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KC real estate news from...
KC Business Journal
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KC real estate news from...
Realtor.com
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Are You Saving Up The Down Payment To Buy Your First Home?
How Much of a Down Payment Do You Need?
The amount of down payment needed depends in large part on the type of mortgage you get. VA (Veterans) loans require no down payment. If you want to avoid paying PMI (mortgage insurance), then you will need to put 20% or more down. Many loans are done with as little as 5% down and many other first time home buyer programs offer as little as three percent down. Lenders have become more willing in recent year to allow buyers to finance a majority of their home. The main reason this has occurred is because Fannie Mae (Federal National Mortgage Association) has changed its lending criteria to include financing up to 97% (formerly it was 80%).
Buyers should keep in mind that small down payments have their obvious drawbacks. As discussed above you will have to pay PMI (i.e. could top $500 a year on a $200,000 loan with 5% down payment.) You will also have little to no equity in your home. For buyers who are short on cash flow, but who have good credit, getting two individual loans (called piggy backing a second) is an option. This option offers 100% financing (80% of the loan on the 1st & the other 20% of the loan on the second). The fees resulting from doing two loans may be hirer, and the interest rate on the second loan will surely be higher, but for some people this is the best option available. |
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Learn About Your Credit Report & FICO Scores
Want to learn about YOUR credit ratings and FICO scores, including how to get a FREE copy of YOUR credit report?
Visit Our FICO Score Page! |
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