LiveInWichita.com » Regional News

Wichita Housing Market is Looking Good

Lynette — Sun, 07 Mar 2010 04:30:45 +0000

Wichita State University’s Center for Real Estate released their 2010 Kansas Housing Market Forecast yesterday. Here are the highlights: employment will continue to go down through the first quarter of 2010, then will recover slowly the Mortgage Bankers Association predicts that interest rates will continue to be low through 2011 by then end of 2011, [...]

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Understanding the buyer

Lynette Chapman — Tue, 10 Nov 2009 10:07:00 +0000

As the seller, you can control three factors that will affect the sale of your home: * The home’s condition * Asking price * Marketing strategy However, it’s important to note that there are numerous other factors that influence a buyer, and you need to understand these consumer trends when you enter the market. The [...]

Why You Need A Realtor® When Buying a Home

Lynette Chapman — Tue, 20 Oct 2009 10:11:50 +0000

A licensed real estate professional provides much more than the service of helping you find your ideal home. Realtors® are expert negotiators with other agents, seasoned financial advisers with customers, and superb navigators around the local neighborhood. They are members of the National Association of Realtors® (NAR) and must abide by a Code of Ethics [...]

Know your rights when applying for a mortgage

Lynette Chapman — Thu, 13 Aug 2009 16:48:29 +0000

Equal Credit Opportunity Act (ECOA) – How it Can Help You Those who apply for mortgage loans are not totally in the mercy of the creditors. One of the laws that protect borrowers is the Equal Credit Opportunity Act (ECOA). If you are planning on purchasing a home in Wichita anytime soon, you might want [...]

Wichita is One of Metropolitan Areas with Low Risks for Foreclosure

Lynette Chapman — Tue, 14 Jul 2009 19:44:00 +0000

There are news on foreclosures practically everywhere. As of today, millions of homeowners have lost their homes due to foreclosures and it seems that there is no end in sight to these depressing circumstances. The three states that have been hit hard by these mortgage troubles are California, Arizona, and Florida. The areas in these [...]

Wichita’s foreclosure rate on the rise, data says

Lynette Chapman — Tue, 23 Sep 2008 06:03:02 +0000

Wichita foreclosure rates in July increased slightly in over the previous year, according to First American CoreLogic, a collector of local residential real estate data. The foreclosure rate in Wichita among outstanding mortgages was 0.74 percent during July, up from 0.69 percent from a year earlier. That was lower than the national foreclosure rate of [...]

New FHA Mortgage Limits

Lynette Chapman — Fri, 28 Mar 2008 04:06:19 +0000

FHA Mortgage Limits List – FHA Forward The current basic standard mortgage limits for FHA insured loans are: One-family Two-family Three-family Four-family FHA Forward $271,050.00 $347,000.00 $419,400.00 $521,250.00 HECM $200,160.00 Fannie/Freddie $417,000.00 $533,850.00 $645,300.00 $801,950.00 [Get the $8000 First Time Buyer Tax Credit] [Buy a Home with No Money Down] [Search all Wichita homes [...]