MHQ - Mortgage HeadQuarters

Effective on December 22, 2018, the United States government has shut down. Due to Federal regulations prohibiting most government employees from working, some government lending programs will be affected. Unfortunately, that means that there's going to be some delays in home closings in the near future. While this shutdown does have some downsides, there is also some good news to shine some light on. But first let's get the bad news out of the way. Not So Great News... USDA will not be issuing loan guarantees which means USDA loan closings will be delayed. With USDA being closed, this will cause a long term backlog on USDA closings, even after the shutdown is over. IRS Transcripts are also suspended. This means that lenders and underwriters may run into issues verifying incomes. Loans that require Tax Transcripts could see delays (self-employed Jumbo borrowers will see delays). Additionally, any file that requires Social Security Number Validations will see closing d...

The new year is just around the corner, which means you're probably thinking back over the past year and determining what parts of your life could use some changes. Resolutions are being made, and your gearing up to celebrate the end of 2018 and the beginning of a new fresh start. There's no better place to be than the Lake of the Ozarks! Celebrate in style and ring in the new year at any of these local New Years Eve events: NEW YEAR'S EVE GRAND BALLROOM CELEBRATION Dec 31, 2018 Tan-Tar-A Resort Grand Ballroom 494 Tan Tar A Drive, Osage Beach Celebrate New Year's Eve at Tan-Tar-A Resort's Grand Ballroom. Dance the night away with continuous live music by Spectrum, a 9-piece dance band. The New Year's Eve Grand Ballroom package includes one night deluxe accommodations, the Grand Ballroom Celebration for 2 adults, open bar, a magnificent dinner buffet featuring Prime Rib, complimenting entrees and sides, an array of smoked and traditional cocktail seafood...

With the new year just around the corner comes new endeavors for just about everyone. For those who have aspirations to become homeowners, we want to say congratulations on your decision! Remember,  MHQ - Mortgage Headquarters  has more than 20 years' experience in the mortgage industry, so we'd be a perfect fit for your mortgage lending needs. But first, we want to help you by providing a few tips to start you on the right path to getting that loan approval. Get Pre-Qualified At Mortgage Headquarters, we'll do this by analyzing your debt-to-income ratio, your work and residence situations, the funds available for down payment, required reserves, and other considerations. During the process, we calculate your ability to borrow - looking at your earning status, available money for down payment, debts, income, and other circumstances. After you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage by presenting you with a Pre-...

As a smart home buyer, you want to capitalize on the lowest possible rate to save as much money over time as possible. But as ever-changing as the mortgage lending industry is and how stocks and bonds and the recent election affect the market, it's not always so easy. With  interest rates changing  as often as they do, choosing the right time to lock in can be difficult. It's times like these you need to look to a  trusted Lake of the Ozarks mortgage lender  to help you through the process. But first it's important to understand how rate locks work. What is a 'Rate Lock'? When you're promised a "rate lock" from the lender, it means that you are guaranteed to keep a specific interest rate for a certain number of days for your application process. This keeps you from going through your whole application process and finding out at the end that the interest rate has gone up. Rate lock periods can vary in length, anywhere from fifteen to sixty day...

When  purchasing a home at the Lake of the Ozarks , a VA mortgage is a fantastic mortgage option for veterans and active duty military personnel. The VA loan remains one of the few mortgage options for military borrowers who don’t have the money for a down payment. Available to millions of veterans and active military members, VA loans are somewhat easier to qualify for than conventional mortgages. This week, MHQ Mortgage Headquarters is sharing with you some information on VA loans and what you need to know as a consumer. WHAT IS A VA LOAN? The VA Loan is a mortgage loan issued by approved lenders and guaranteed by the U.S. Department of Veterans Affairs (VA). The program was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit. This historic benefit program has guaranteed more than 22 million VA loans to help veterans, active duty military members and their families purchase h...