K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

Articles on Mortgage

Mortgage Rate Forecast: When Will Rates Go Down?

September 12, 2023

https://money.usnews.com/loans/mortgages/mortgage-rate-forecastMortgage Rate Forecast: When Will Rates Go Down?-Why Mortgage Rates Are Expected to Stay High-Stubbornly high mortgage rates are a byproduct of the Fed’s battle to bring annual inflation back to its 2% target. The central bank raised the federal funds rate seven times in 2022 and another four times so far in 2023, with ...

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A look at this week's market

August 07, 2023

With the recent spike in mortgage rates it has created a so-called golden handcuff effect. Nearly 80%+ of homeowners feel “locked-in” by their existing low-rate mortgage. As a result, there is a shortage of home sales which continues to drive up sales prices.Most homeowners today have mortgages with interest rates below 4% or even below 3% in ...

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Finding the right mortgage for you

July 14, 2023

Are you thinking of buying a house?  How do you know what type of mortgage is right for you?The type of mortgage you use to buy a house affects what you'll need to qualify for the loan (including the required down payment amount) and how you'll pay it back. Choosing the right home loan can ...

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The Exchange: The Way Forward

December 29, 2022

Prior to joining the Fed in 2007, Larry Cordell worked in the mortgage industry at Radian Group and Freddie Mac. Upon joining the Fed, Cordell was a special advisor during the financial crisis and focused on several key Federal Reserve System initiatives, including the conservatorship of Fannie Mae and Freddie Mac, the Supervisory Capital Assessment Program (SCAP), and the ...

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Can You Still Get A Mortgage With A Low Credit Score

July 13, 2022

With rental rates reaching an all time high, you might be thinking it’s time to buy.  You have been saving money for a down payment but your credit score isn’t quite where you need it to be.  Can you still buy?Lenders consider four primary factors when reviewing a mortgage application:1. Your credit score.2. ...

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Mortgage rates in a minute

May 02, 2022

Mortgage Rates in a minutehttps://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP ...

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Fear of Even Higher Mortgage Rates

January 15, 2022

“Mortgage rates increased significantly across all loan types last week as the Federal Reserve’s signaling of tighter policy ahead pushed U.S. Treasury yields higher,” said Joel Kan, an MBA economist. “The housing market started 2022 on a strong note. Both conventional and government purchase applications showed increases, with FHA purchase applications increasing almost 9%, ...

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Preapproved from home.

October 14, 2021

Pre-approved from home. [A New Way Home]Speaking with a mortgage professional and getting preapproved is the first step on the road to homeownership.  Getting preapproved will give you a solid understanding of what you can (and can't) afford so you won't waste any time or headache falling in love with homes out of your price range....

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Mortgage Credit Certificate

February 08, 2021

What is the Mortgage Credit Certificate (MCC) Program?The MCC program is a homebuyer assistance program designed to help lower‐income families afford home ownership. The program allows home buyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000. The remaining mortgage interest paid may still be calculated as an ...

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How to Improve Your Credit Score Before Applying for Home Loan

July 11, 2020

Post by: Nancy Braun, Showcase Realty Buying a house in Charlotte NC can be a lot of work. You need time to save, documents to prepare, mortgage brokers to talk to, and application forms to fill out. One aspect that affects the home buying process is applying for a mortgage, which in turn is significantly influenced by the ...

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What is Homeowners Insurance and Do I Need It?

June 12, 2020

Post by: Nancy Braun, Showcase Realty What is Homeowners Insurance and Do I Need It?One of the many expenses overlooked by some buyers is the homeowners insurance.What is homeowners insurance? It is an insurance that protects your Charlotte NC home against unexpected events. Your home is more likely one of your most valuable assets, so it ...

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Do Not Mistake The Difference Between A Forbearance Mortgage Payment and A Deferred Payment

April 08, 2020

With the challenging times of current job furloughs - layoffs, the news is reporting about mortgage payment deferments and mortgage payment forbearance.   Please educate yourself by your own research, by your personal discussion with your mortgage company, before making a decision.   To help begin some research/education, below is an artice written and provided in Realtor.com - ...

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This Week's Market Snapshot from Brand Mortgage

August 15, 2018

Market Snapshot from Brand Mortgage...

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How To Avoid Roadblocks Before Closing On Your New Home

August 10, 2018


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Fannie Mae's Increased DTI Ratio on Conventional Loans Open More Doors for Home Ownership

February 09, 2018


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Home Buying 101: 203k Your Way from Deplorable to Adorable

December 14, 2017

In a blog a few months ago, I talked a little about what FHA Uninsurable means, and the financing options for the FHA Uninsurable (UI) home. One such option is an FHA 203(k). Right now, in our market, inventory is so low that "ugly" houses that would have taken months to sell a few years ago are ...

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