Kevin Cindy Kenagy's (kkenagy) Blog

USDA Loans,   USDA loans are a great; here are a few reasons why people are heading towards them. •       No Down payment is required. •       Flexible credit score guidelines. •      No maximum purchase price limit. •       Closing costs can come from any source including gifts. •       Competit...

Military personnel still have a chance to apply the tax credit when they file in 2011.Qualified service members on official extended duty overseas who serve in the Armed Forces, Foreign Service and intelligence agencies have an exclusive extension on the home buyer tax credit. These qualified mem...

The key to successfully acquiring repeat and referral business from past satisfied clients is making sure they are constantly reminded about you and your business. If you don't stay in touch every month with all of your existing and previous clients, you lose out on dozens of sales from REPEAT an...

To all the service Men and Women threw out the World. Thank you so much for serving this great country we call the United States. For over 10 years now, I have been giving all Men and Women that are serving or have served in the past a discount on there home loans. This was my way of saying Thank...

Military personnel still have a chance to apply the tax credit when they file in 2011.Qualified service members on official extended duty overseas who serve in the Armed Forces, Foreign Service and intelligence agencies have an exclusive extension on the home buyer tax credit. These qualified mem...

Before you ask for the loan, many smart veterans ask if there are VA Home Loan lending limits. The answer is yes...but those limits are being increased all the time. The Veterans Benefits Act of 2004 increased the maximum guaranty amount of $60,000 for certain loans in excess of $144,000, to an a...

Service Members Get Extra Year for Tax Credit Members of the U.S. military, foreign service and intelligence communities have another year to purchase a home and claim the home buyer tax credit. Any service member who is or has been on extended duty for 90 days or more between Jan. 1, 2009 to Apr...

CHANGES TO FHA MORTGAGE INSURANCE PREMIUMS: Per HUD Mortgagee Letter 2010-28, require the new FHA Mortgage Insurance Premiums on all loans with case numbers assigned on or after October 4, 2010: UP-FRONT MIP REQUIREMENTS: 1.00% ANNUAL MIP REQUIREMENTS: Loan Terms > 15 years: LTVs <=95%: .85% LTVs...

FHA change effective October 4, 2010 is that HUD will be lowering the upfront mortgage insurance premium from its existing 2.25% of the loan amount down to 1% of the loan amount. They will be increasing the monthly mortgage insurance rate from the existing .55% of the loan amount to .90%. Both of...

HUD Announces MI changes effective September 7, 2010 - UFMIP will be reduced to 1.00% on all amortization terms. Annual MIP will be increased to .9% for LTV's >95% and amortization terms >15 yrs.ML to be released shortly. Here's a link to the letter from David Stevens. http://portal.hud.gov/porta...