MHQ - Mortgage HeadQuarters

For today's home buyers, there are only a few mortgage options which allow for down-payments of five percent or less. When purchasing a home at the Lake of the Ozarks , an FHA mortgage is an attractive option for anyone who qualifies. The opportunity to come up with a lower down payment and the reduced/limited closing costs is a great benefit to any home buyer. Let's take a look at what an FHA mortgage is and some of the benefits of FHA financing for qualified buyers . WHAT IS AN FHA LOAN? An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans....

For homeowners, one of the best parts about owning a home is the equity that's built up over time that truly provides value and security to your future. Sometimes if your income situation changes, you may want to take advantage of refinancing your mortgage to lower your payments or to take advantage of a lower interest rate. However, just because you were approved for your original mortgage, doesn't mean you'll be automatically approved for a refinance. Nor will the process be the same. Here are 5 common refinancing mistakes to avoid to ensure a smooth refinancing process: 1. Not Doing Your Homework You may just be thinking about going with your current mortgage lender to refinance your home because of the convenience factor. However, if you’re planning to contact your current lender about refinancing without doing some comparison shopping first you could be selling yourself short. With rates still relatively low across the board, it may seem like a waste of time to ...

Whether you're buying your first home or needing to refinance your current mortgage to make some much needed upgrades to your home, there's probably going to be a time when you're going to have to consider mortgage lending options. Make no mistake, there's a lot involved when you get a mortgage. You wouldn't be looking up loan information if it were possible to get a loan in a single day with a simple application. But Mortgage Headquarters of Missouri, Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan. Take a look at the mortgage services we offer at MHQ! First Time Homebuyer Lending As a first time homebuyer, there may be several factors to getting a loan that you may not be aware of. There are some important steps to getting a mortgage loan: deciding on a maximum loan amount, pre-qualifying for a loan, applying for the loan, and getting funded. Because lender guidelines are fairly standard, we can give you a go...

Hello and welcome to MHQ - Mortgage HeadQuarters new blog! In our blog, it is our goal to educate you on the processes of mortgage lending, provide tips on how to select the best mortgage for your needs, share knowledge of the changes within the mortgage industry, and much more. We firmly believe that getting to know the people you're working with makes a huge difference in being able to comfortably do business with them. So this week, we wanted to give you a little background about ourselves and how we got into mortgage lending at the Lake of the Ozarks . How We Got Started In 1998 while Tami and Nick were working on getting Lake of the Ozarks boaters gas tax refunds back, they found a need to expand their great services to help customers with mortgage financing. Since then, Tami and Nick have been providing home purchase and refinance options since 1998, and to this day are still providing good old fashion service. Tami’s background is in Industrial Engineering and Nick’s ...