Key Mortgage Corporation

With the widescale global market uncertainty of the past few weeks, investors have placed their money in bonds (and gold) which has driven home mortgage rates down. The last time rates were lower was in the 1950’s when 30 Year Loans weren’t even available. At that time, most long term mortgages were 20-25 Years. Current […]

Last Friday, Standard and Poor lowered the US Credit Rating. As a result, we are seeing a signficant selloff in today’s stock market. Suprisingly, longer term bond yields (related to mortgage rates) have actually fallen as a result of the lowering. This will help our mortgage rates remain favorable at least for the short term. […]

Overall, the Residential Real Estate Market is still going through a clearing process. Homebuyer’s are gradually absorbing the oversupply of housing created by the housing crisis of the past several years. Mortgage Rates remain at their lowest level in decades even though the Federal Reserve is ending its quantitative easing program. If Congress can pass […]

With Fha’s increase of their Monthly Mortage Insurance Premium this past April along with Conventional’s reduced down payments, Conventional Loans have become more and more attractive for many homebuyers. The minimum amount of down payment and the Monthly Mortgage Insurance Premium are considerably less on a Conventional Mortgage. In addition, Conventional Loans do not require […]

In today’s housing market, many homeowners have experienced a decrease in their home’s value which has prevented them from refinancing down to today’s low rates. If you are current on your mortgage but have been unable to refinance because of your home’s value, then you may be eligible to refinance through the Home Affordable Refinance […]

Current Mortgage Rates, market competition and Home Prices have created a perfect buying opportunity. While 2009 and 2010 will go down as difficult economic years, the Real Estate Market Today may just be the perfect opportunity for those looking to buy their first home or move up to a larger home. Mortgage Rates are at […]

For those people who have served in the United States Armed Forces, there remains one of the most advantageous Home Loan Programs. The Veterans Administration (otherwise known as VA or GI) offers Guaranteed Home Loans without any down payment requirement. In addition, the guidelines also allow for all of the Closing Costs to be paid […]

Recently, the 97% LTV Insured Conventional Loan Program become available once again. This is a sign of the ongoing stabilization of the Housing Market in the Twin Cities. This program is available for those with credit scores as low as 680 and does not require an up front mortgage insurance premium charge. Call today for […]

Today marks another market improvement where mortgage rates are falling. We are now at our lowest level since last fall. It is an ideal time to consider refinancing into a shorter term mortgage to save sustantial amounts of interest! And, why not own your home sooner?

After you have chosen the best Mortgage Broker to help you as you apply for a home loan – either a new loan or refinancing an existing loan, you will need to discuss different types of loan programs available. Two popular loan programs are from the Federal Housing Administration (FHA) and the Department of Veterans […]