Company News
Operation KY Home offers 2% interest rate to Military Veterans
Friday, September 22, 2017
Kentucky Housing Corporation (KHC) has $3 million available in Mortgage Revenue Bond (MRB), special funding, for Active or non-active duty veterans at 2 percent interest rate, fixed for 30 years.   This special Funding program is available on a first-come, first-served basis starting Wednesday, September 6, 2017 , with new reservations .   This Homeownership program is targeted...
Despite the Loan Program, It is Still Important to have Good Credit
Wednesday, September 13, 2017
Lenders everywhere are demanding record-high FICO credit scores, but for many of today’s borrowers it is a mystery about what makes the number go up or down. Fannie Mae and Freddie Mac are averaging around 760 on approved mortgages this year, so there is an increased importance of maintaining a high score.   Home buyers and mortgage applicants are affected by higher numbers of...
What is a Loan Servicer?
Thursday, August 31, 2017
There are a lot of companies, and people, involved in the home loan process. A borrower might work with a real estate agent, a loan broker, a lender, a title or escrow company, a loan servicer, investor, and so on – it can be somewhat confusing. But most borrowers know what those are – except for the “servicer.” What is a loan servicer, and is it needed?   When it...