MHQ - Mortgage HeadQuarters

Many buyers have a misconception of how mortgage lending works, especially when it comes to interest rates. Some think that the interest rate quoted by the first lender they speak to is the rate they'll get across the board, so they just settle. In truth, that's not actually the case, and rate shopping is an essential part of selecting the right mortgage for your needs. Getting lower interest rates is possible if you go about it in the right way. Qualifying for lower rates can save you thousands of dollars in interest and get you out of debt sooner. Even if you have excellent credit, you still need to shop around to find the best rates, and that can take some serious effort. Here are a few tips for lowering your interest rate. 1. Request Your Credit Report You will need a credit score of more than 720 to get the best interest rates. Ideally, your credit report should be free of bankruptcy, collections or other serious delinquencies. Dispute any information on your cr...

As we reflect on the past years, we can't begin to fully express our gratitude this Thanksgiving Day. Mortgage Headquarters of Missouri has been blessed with so many things to be thankful for. While we could go on and on about all the wonderful things we are thankful for, we know you've got other things to do. We do, however, want to share just a few things we're grateful for. Helping People Accomplish Their Dreams One of the coolest things about what we do is that buying a home is typically one of the biggest and most exciting events a person experiences, and we get to be a part of that! From the beginning of the home buying adventure, we're there to help our clients figure out what exactly they can afford, what they need to do to get approved for a loan, and we're there at the closing table when everything is put into motion. There's nothing quite as gratifying as helping someone else accomplish their dreams! Having the Tools to Make Helping Our...

There's more to  purchasing a home at the Lake of the Ozarks  than finding a house you love and signing documents. In fact, there are several things you need to be planning ahead for to ensure you're financially prepared to buy. So,  MHQ Mortgage HeadQuarters  is sharing some tips to prepare you financially for the fall buying season: Check Your Credit You are entitled to a free credit report from each bureau once a year. You may also want to sign up for a Credit Karma account to keep a closer eye on your credit. Look for errors that need correcting and check for negative items that could pull your score down. Borrowers with a credit score of 740 or higher will pay lower mortgage rates than someone with a lower score. Request your credit reports from all three credit-reporting bureaus at www.annualcreditreport.com. Evaluate Your Budget You should develop a written budget with your income and expenses and write down your debts and your assets. Think abou...

While the thought of obtaining a mortgage can seem daunting, the idea of owning your own home makes all the hassle worth it! And with the right mortgage lender by your side, guiding you and answering any questions you might have along the way, it's really not as difficult of a process as you might think. Mortgage Headquarters of Missouri, Inc. makes it easy for our clients to close a loan. With over 20 years in business, we have the knowledge to help you through the process with surprising ease. Here are just a few of the mortgage programs we can help you with! FHA Loans 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-inco...