What is an 80/10/10 Loan A piggyback loan, or an 80/10/10 loan, is a mortgage that is taken out on top of another mortgage. Although it isn’t quite as popular today as it was before the recession in 2008, when it was used to get around paying for private mortgage insurance, some people still use […]
Electronic records and signatures agreement From time to time, KBHS Home Loans, LLC’s (“KBHS”) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically. The words “the Company,” “we,” “us,” and “our” refer to KBHS […]
Third Party Consent Disclosure By clicking, “Accept,” I/We authorize KBHS Home Loans, LLC, to obtain from third parties, including but not limited to those third parties listed below, any and all verification information and documentation that KBHS Home Loans, LLC may request as required to process my/our mortgage loan application. Such information shall include, but […]
Are you thinking about buying a home this year? If so, you’ll want to review these noteworthy nuggets before you make that call. 1. You can’t buy a home without a down-payment. If you don’t have enough cash to make a 20% down payment for a conventional mortgage, there are loan programs that allow buyers […]
If you’re ready to build or purchase a showstopper of a home, or planning to buy within a high-cost area, you may need a Jumbo mortgage to make it happen. Here’s what they are and what they do. Jumbo basics A Jumbo loan goes over the annual conforming limit set by the Federal Housing Finance […]
Is this the year you’ll build a new home? Although some supply chain issues remain in the home construction market, there’s good news on the mortgage front. The Federal Housing Finance Agency (FHFA) and Federal Housing Authority (FHA) have just announced their new maximum loan limits for 2022. With reduced access to critical construction materials […]
You’ve weighed the pros and cons of renting versus owning a home. You are employed with a good credit profile. Now, you’ve decided it’s time to buy a home. You’re probably asking yourself, “What’s next?” Here is a quick guide for first time homebuyers. […]
At KBHS Home Loans, we believe in providing insightful customer service that evolves to meet our customers’ changing needs, no matter what the situation. The arrival of the coronavirus earlier this year required us to react swiftly, adding safety measures and virtual workarounds to our processes in response to an unforeseen, serious health risk.. More […]
With so much change in the mortgage and real estate markets as a result of the Covid-19 pandemic, homebuyers looking to purchase a newly constructed high cost property have found jumbo home loans harder to get as many lenders have tightened eligibility requirements for these types of loans. What Is A Jumbo Home Loan? A […]
The mortgage loan process may seem far from simple. There’s a lot that happens between your initial consultation and your loan being funded. Here, we’ll walk you through it, step by step. We’ll explain every major step of home loan processing. Of course, there are many factors in play here, so no one can guarantee […]