Category Archives: Mortgage Information

$8000 Grant Money available to Buy a home in Kansas

For a limited time there is an $8000 grant available to home buyers purchasing in Kansas. You don’t have to be a first time buyer to qualify but you do need to meet income guidelines. You also must: • Contribute at least $1,000 to the purchase of the home • Participate in home buyer and […]

4 Tips to Determine How Much Mortgage You Can Afford

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Here are six surefire ways you can get your finances in order before you buy a home. Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home […]

Make Your Wichita House FHA-Loan Friendly

Article From By: Terry Sheridan Published: June 02, 2010 Know the basics of FHA loan rules and you stand a better chance of selling your house or condo. Make your house FHA-friendly, and it will appeal to more homebuyers. Why? Because the Federal Housing Administration is insuring the mortgage loans used by about 30% […]

7 Tips for Improving Your Credit

Article From By: G. M. Filisko Published: February 25, 2010 Here’s how to clean up your credit so you get the least-expensive home loan possible. Getting the loan that suits your situation at the best possible price and terms makes homebuying easier and more affordable. Here are seven ways to boost your credit score […]

Improving Your FICO® Credit Score

It’s important to note that raising your FICO® credit score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire. The best advice is to manage credit responsibly over time. Payment History Tips • Pay your bills on time. Delinquent payments and collections can […]

Guaranteed Rural Development Loans are Ending

I received this message this morning from one of the Wichita mortgage lenders that I deal with on a regular basis. Rural Development loans are 100% loans for low-income families. These loans have income, purchase price and area limitations. These are the areas in and around Sedgwick County that usually qualify for a USDA Rural […]

FHA Changes Coming Soon, Apply Now

Those Who Wait Will Pay Thousands More This Spring Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA). Coming just weeks before the […]

FHA loans for houses that need renovation

I ran across this article today about FHA rehab loans. This is a great program available for buyers who want to buy a ‘fixer upper’ and don’t have a lot of cash. The down payment is only 3.5% . With this program you can finance repairs that need to be done on your new Wichita […]

Know your rights when applying for a mortgage

Equal Credit Opportunity Act (ECOA) – How it Can Help You Those who apply for mortgage loans are not totally in the mercy of the creditors. One of the laws that protect borrowers is the Equal Credit Opportunity Act (ECOA). If you are planning on purchasing a home in Wichita anytime soon, you might want […]