Navigating the mortgage process can be overwhelming, but understanding the basics can make it far more manageable. In this comprehensive guide, we address the most frequently asked mortgage questions to equip you with the knowledge you need for your home…
Tips and Strategies for Building Your Savings If you’re looking to purchase a home, one of the biggest hurdles you may face is saving up for a down payment. A down payment is the amount of money you pay upfront…
Navigating the mortgage loan process can seem daunting, but with Metropolitan Mortgage Corporation by your side, you’re in good hands. From the initial thought of buying a home to holding the keys in your hand, our dedicated team is here…
When purchasing a home, one of the most significant steps is understanding and preparing for closing costs. These costs can be a source of confusion and surprise for many homebuyers. This guide will provide you with a detailed overview of…
When buying a home, one crucial step in the process is getting an appraisal report. This document provides an unbiased estimate of a property’s market value and is essential for both buyers and lenders. In this article, we will delve…
Mortgage reserves are an essential part of getting a mortgage. But what are they, and why do you need them? In this blog post, we’ll answer those questions and more. Plus, we’ll help you figure out how much money you…
When it comes to interest rates, the lower the rate and monthly payment, the greater the savings. A quarter of a percent doesn’t sound like much, but it can mean thousands of dollars in interest savings over the life of a…
Private Mortgage insurance, also known as PMI, is a type of insurance that protect lenders if a borrower defaults on their mortgage loan. This insurance can benefit both borrowers and lenders alike, as it can help reduce the lender’s risk…
As we move into 2024, the Kansas City housing market continues to offer unique opportunities for homebuyers and investors. Known for its vibrant culture and growing economy, Kansas City remains a prime location for purchasing real estate. Thriving in a…
Mortgages have many options, but you can choose from fixed rates or ones that change. Fixed-rate loans lock in your interest rate and payment for life, while adjustable rate mortgages (ARMs) have fluctuating margins which could lead to savings if…
