Financing

Feb. 23, 2021

Mortgage Rates Slight Increase

Mortgage Rates Have Moved Up Slightly This Week

 

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

The Reason Mortgage Rates Are Projected to Increase and What It Means for You | MyKCM

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that ...

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Feb. 18, 2021

Will Low Mortgage Rates Continue?

Will Low Mortgage Rates Continue through 2021?

Will Low Mortgage Rates Continue through 2021? | MyKCM

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting:

“The average 30-year fixed-rate mortgage hit ...

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Feb. 9, 2021

No Housing Bubble

3 Reasons We’re Definitely Not in a Housing Bubble

3 Reasons We’re Definitely Not in a Housing Bubble | MyKCM

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over ...

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Dec. 14, 2020

Avoid Foreclosure

5 Steps to Follow When Applying for Forbearance

5 Steps to Follow When Applying for Forbearance | MyKCM

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief ...

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Sept. 24, 2020

Home Equity in Fall 2020

 

Home Equity Give Sellers Options in Today’s Market

Home Equity Give Sellers Options in Today’s Market | MyKCM

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across ...

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Posted in Financing, Listing, Selling
Aug. 14, 2020

Lowest Mortgage Rates in 50 Years!

Mortgage Rates & Payments by Decade

Mortgage Rates & Payments by Decade [INFOGRAPHIC] | MyKCM

Some Highlights

  • Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low.
  • Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant ...
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June 25, 2020

Mortgage Rates as of 6/24/2020

Conforming Loans – Less than  $510,400

 

Loan Type

LTV Max

Rate

 

    30 Year Fixed Rate

97.0%

2.750%

 

    15 Year Fixed Rate

97.0%

2.375%

 

    10 Year Fixed Rate

   97.0%

2.250%

 

    FHA 30 Year Fixed Rate ...

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April 8, 2020

Digital Process

 

How Technology Is Enabling the Real Estate Process



Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost ...

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March 19, 2020

New Wave of Foreclosures?

 

Are We About to See a New Wave of Foreclosures?

Are We About to See a New Wave of Foreclosures? | MyKCM

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many ...

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Posted in Financing
June 3, 2019

Palmetto Heros - Special Home Financing

Palmetto Heroes Program - Starts June 3, 2019

The South Carolina State Housing Finance and Development Authority (SC Housing) is excited to announce our 2019 PALMETTO HEROES PROGRAM.

The heroes selected for the 2019 initiative are:

  • Law Enforcement Officers
  • Correctional Officers
  • Teachers
  • Nurses and Certified Nursing Assistants
  • Firefighters
  • Veterans
  • Emergency Medical ...
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Posted in Financing