KCMG Loans
    Integrity First Financial Group
              NMLS#129777

Posts Tagged ‘Kathy Colkitt’

2013 FHA Changes Hurry Now and Buy Your New Home—- Don’t Get Caught

FHA 2013 CHANGES

FHA is looking to INCREASE  their Monthly MI

(mortgage insurance) on all NEW Loans

PLUS  MI would be FOREVER

not when your Loan To Value reaches 78%.

MI forever means that after the current 5 years

of mandatory MI,

Your new loan would continue with MI

until the Loan is Paid in Full

No matter what your Loan to Value is!

These changes will effect your finances and ability to refinance in the future.  Meaning that after the mandatory 5 years that FHA currently has in place for MI it is now for the life of the loan.  That means in 5 years if you have the equity in Your home to NOT have MI you must refinance and leave the great Interest Rate you have today to what ever the rates will be in the future.

Secure your Future by Buying and

getting your FHA Loan Today!

I don’t know when in 2013 the changes will take effect, and

there could be the slight chance FHA changes their minds.

Don’t risk your future with uncertainty.


Call Kathy @ 509-999-6464

e-mail: bestloans123@comcast.net

Free Classes on Assumable Loans FHA & VA, Home Buying 101, Bankruptcy/Foreclosure & Buying, & Understanding Credit

Class Schedule of Free Mortgage Related Classes

Taught by:  Kathy Colkitt

Classes are FREE to the Community

Seating is Limited * Reservations Required

Class’s approximately 1 hour  long

Q & A Session at the End of all Classes

March 29th     6:00  pm  Assumable Loans FHa & VA

         All FHA and VA Loans are Assumable,

Find out how YOU can Assume a Home Today!

April 5th          6:00 pm  Home Buying 101

          What YOU Want and Need to Know

April 12th        6:00 pm    Rehab Loans

          Learn how easy it is to Buy and Fix your New Home

with ONE Easy Loan Program

April 26th       6:00 pm    Bankruptcy/Foreclosure & Buying Homes

                                               & Credit Understanding

          Learn what is requred to buy a home if you have

 a Bankruptcy or Foreclosure in your past.

          Discover how to Read and Understand your Credit

All Classes currently held at:

Mountain West Bank

12321 E Mission Ave.   Spokane Valley,  2nd Floor

North East Corner of Pines and Mission

Call TODAY TO RESERVE YOUR SPACE,

BRING A FRIEND OR FAMILY MEMEBER:

CALL KATHY COLKITT:  509-999-6464

2012 Refinance with Program

 

NEW ROLLED OUT PROGRAM

HOME UP-SIDE-DOWN IN VALUE

THIS IS THE PROGRAM FOR YOU!

Easy to Qualify

Low Interest Rates

30 and 15 Year Fixed Loans

Don’t Wait Lets Get You Refinanced TODAY!

Rates are sure to move up in 2012 lets take advantage

while you have the opportunity…

Call Today:  Kathy Colkitt @ 509-999-6464

or e-mail Kathy @  bestloans123@comcast.net

Kathy is licensed and certified Locally and Nationally ~  NMLS #73055

(for the  Program to work you can not have current MI on your loan)

Wishing You All A Warm and Wonderful Holiday Season

Happy Holidays to You and Yours

May all Your Dreams and Wishes Come True

I look forward to seeing and talking

with all of you in the New Year.

Remember the Season Is the Reason for Sharing

Love to One another

Blessings to All,

Kathy Colkitt

Licensed & Certified Mortgage Professional

NMLS#73055

Lending options with:  Conventional, VA,  Manufactured Homes, USDA,

Reverse Mortgages, HomePath, Short Sales, Foreclosures,

Manufactured Lending is Back! Single Wides YES!!!

Secured FHA Manufactured Housing Wholesale Lender

Single, Double, and Triple Wides APPROVED!

YES SINGLE WIDES

The Rates are Competitive and We can turn your loan in 30 days.

INFORM  SELLERS & BUYERS  THERE IS
WHOLESALE LENDING AVAILABLE…
no more Hard Money Deals for you
I’m so excited to help YOU
lets Get this FUNDED Together….

Make it a Great Day…….  Don’t Delay  Call NOW!

BROKER DISCLAIMER

American Pacific Mortgage Corporation  does not offer this program, but will  utilize a broker source to underwrite and fund.

Kathy Colkitt   509-999-6464

or 1-800-522-2678

call/text/e-mail
Licensed & Certified WA & ID
NMLS #73055
Inland Northwest Specialist

Bernanke Leaves Door Open to Further Easing

Bernanke Leaves Door Open to Further Easing

By Scott Lanman and Jeannine Aversa – Jun 22, 2011 9:00 PM PT

Federal Reserve Chairman Ben S. Bernanke left the door open to a fresh shot of monetary stimulus should the economic rebound he’s predicting fail to materialize.

The Fed would be “prepared to take additional action, obviously, if conditions warranted,” including the purchase of more Treasury securities, Bernanke said yesterday after U.S. central bankers met in Washington. The economy will probably overcome constraints from elevated energy prices and Japan- related disruptions to manufacturing, he said. Still, declining home prices, high unemployment and weaknesses in the financial system may restrain the recovery in the longer term, he said.

Policy makers in a statement yesterday acknowledged the slowdown even as they agreed to complete $600 billion in bond- buying as scheduled this month in the second round of so-called quantitative easing. While the outlook for employment and inflation is better than before the latest bond purchases, Bernanke said he’s not sure how long the economic headwinds will persist. Stocks fell in New York trading.

“Bernanke’s remarks kept that door open” to more bond buying, said former Fed Governor Lyle Gramley, currently senior economic adviser at Potomac Research Group in Washington. “The hurdle for QE3 is obviously high. But if large downside risks materialize and the economy slows enough so that the unemployment rate starts to increase again, QE3 would have to be considered.”

One of those risks is a debt default by Greece, which could “foil financial markets globally,” including bonds and stocks, and potentially have a “quite significant” impact in the U.S., Bernanke told reporters at his second post-meeting press conference.

for full article: http://www.bloomberg.com/news/2011-06-23/bernanke-leaves-door-open-to-easing-if-economy-weakens-further.html

Times are different and changes continually.  If I can help ease your financial burden with a better Mortgage Loan for you and your family…

Please call me ASAP –  Inland Northwest Lender

Kathy Colkitt 509-999-6464

FHA – VA – USDA – Conventional – FHA 203K Rehab loan – HARP – Home Path – Reverse Mortgages – Short Sales

FHA Fees Increase – Buy Your Home in Spokane or the Inland Norwest NOW!!!

Congress has given HUD the go ahead to approve raising FHA fees….  This is a go!

By October 4, 2010 these FHA fees will be increased see below…..

These increases and changes will raise your payment.  Approximately… on a $200,000 home purchase price with 3.5% down, the payment will increase $43.00 per month, and if FHA does increase to the maximum 1.55% allowed, the payments could increase $152.00 per month over today’s payments.

Changes by Oct. 4, 2010 are as follows:

Currently Up Front Monthly MI is 2.25% this will be decreases to 1.0%
Currently Monthly Mortgage Insurance is .50% to .55% and will be increased to .85% – .90%
In the Future,  Congress has given HUD the approval to increase the FHA MMI from the .85% to 1.55% if they so choose in the future.

If you are a buyer and have not made up your mind to buy yet, this may be the information you need to help you with your decision making….  Lenders will need to have their FHA Case Numbers pulled before Oct. 4th to keep the FHA Purchase loan in the old program…. don’t procrastinate make your new home offer now and call me your Lender so that I can keep you in the old program making lower payments……

This is true for Refinances as well.

CALL ME FOR YOUR SPOKANE OR INLAND NORTHWEST
HOME MORTGAGE LOAN TODAY!

KATHY COLKITT   509-999-6464

toll free @  1-800-522-2678

CALL ME–DON’T DELAY!
All it takes is a quick phone call to find out if you are approved.

Contact Kathy Colkitt NMLS#73055
Branch Manager~Loan Officer

Office: 509-999-6464
e-mail: kathy@kcmgloans.com
NMLS#73055
Kathy Colkitt's Mortgage Group
Integrity First Financial Group NMLS - 129777
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Kathy Colkitt
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