KCM Blog

Posts tagged as:

Mortgage Payment

New FHA Rules

January 21, 2010

Today, after weeks of speculation, the FHA announced their plan to secure the solvency of the Insurance Fund.  And it is NOT good news for Homebuyers, and therefore, NOT good news for sellers either.  I’ll discuss the particulars in a minute; but first, let’s look at how this is the THIRD nail in the coffin [...]

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Stephen Colbert: Walking Away & Being Honor Bound

January 21, 2010

Hello KCM Community,
Steve Harney had scheduled to post on the impact of walking away from mortgages today, but with the release of the new FHA guidelines we called an audible and brought in our guest blogger, Dean Hartman, for a special report.
If you were anticipating Steve’s post for today, we apologize.  But we scoured the [...]

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Delinquencies: Roadblock to a Housing Recovery?

January 20, 2010

The current economy has devastated the finances of so many families in every income bracket and in almost every neighborhood in this country. More and more people are falling further and further behind in their mortgage payments. In the past people would take a second job or borrow money from family to catch up. Today, [...]

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The Long “Option ARMs” of the Loan

January 19, 2010

When the housing market was going strong between 2004 and 2006, many buyers were purchasing houses they were not able to afford with conventional financing. That created a need for less conventional mortgage products known as option ARMs (adjustable rate mortgages). These mortgages allowed a buyer to either pay less of an interest rate during the [...]

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How Interest Rates Affect Your Mortgage Payment

January 14, 2010

Yesterday, I posted on the fact that my son is in the process of buying a home. I gave my reasons for agreeing with his decision. However, some have questioned whether purchasing real estate at this time makes sense.
Let me give more support to the point that this is the best time to buy real [...]

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Strategic Defaults: Naughty or Nice?

December 23, 2009

You can’t pick up a paper or turn on a television today without hearing about the foreclosure situation in this country. There is no doubt the current economy and unemployment numbers have devastated the finances of many families and thus made it impossible for them to pay their mortgage.
However, what many don’t realize is that there [...]

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Families Fall Behind on their Mortgage. What’s next?

November 30, 2009

In our last post, we discussed the possible impact distressed properties might have on the values of homes in the surrounding area. We documented how the current economy has devastated the finances of so many families in every income bracket and in almost every neighborhood in this country.
In order to bring some insight to the issue, [...]

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