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Showing posts from July, 2020

Second Mortgage FAQs

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Times have been hard for everyone affected by COVID-19, mentally, physically, and financially. That's for sure! Hang in there and know that you can get through it. Financially speaking, some have had a hard time keeping up with their bills, including rent or mortgage payments. You may even be considering taking out a second mortgage on your house. While this isn't for everyone, it can be the answer for some people. That being said, our mortgage company at the Lake of the Ozarks is here to answer a few frequently asked questions about second mortgages in this week's blog. We want you to have all the information upfront so that you know what you're getting into. If this is something that interests you, please call MHQ - Mortgage Headquarters today and get your questions answered by an experienced mortgage lender at the Lake of the Ozarks . Second Mortgage FAQs Q: What is a second mortgage? A: By definition, a second mortgage is any loan that involves a second

Refinancing Your Home To Cover Remodeling Costs: Is This Something I Can Do?

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2020 has been QUITE the year, hasn't it? Since COVID-19 started many people have decided to keep themselves busy with different types of projects. Some may even decide to make some updates to their homes. If this is something you're considering, have you thought about your financial options for covering those costs yet? Our mortgage company at the Lake of the Ozarks is here to give you some information on refinancing your home to cover remodeling costs in this week's blog. No, this option isn't for everyone, but if it's something you are at least thinking about doing, we encourage you to ask your mortgage lender at the Lake of the Ozarks about it first, so you have the facts upfront, before making any major financial decisions. MHQ - Mortgage Headquarters can be reached at (573) 302-9990. At MHQ, You name it, we can do it! Refinancing Your Home To Cover Remodeling Costs: Is This Something I Can Do? Popular Home Remodel Projects We would like to applaud

See How MHQ Can Help You with Your Mortgage Needs!

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Whether you're  buying your first home  or  refinancing your current mortgage  to make some much needed upgrades to your home, there's a lot involved when you get a mortgage. The great news for you is that when you choose to work with  Mortgage Headquarters of Missouri, Inc , we do 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! 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-income and moderate-income families who do not meet requirements for conventional loans. FHA loan programs are particularly beneficial to those buy

Challenges First Time Home Buyers May Face

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Have you ever wondered what buying a home may be like? Perhaps you have rented your entire adult life but are really interested in buying your first home this year. If this sounds like you, read on. Our mortgage company at the Lake of the Ozarks is here to give you a few challenges first time home buyers may face and tips on how to deal with those challenges in this week's blog. To schedule an appointment with an experienced mortgage lender in the Lake of the Ozarks area you can trust, call MHQ - Mortgage Headquarters today. We can be reached at (573) 302-9990. We would be happy to answer any questions you may have about the mortgage loan process and clear up any concerns you may have. Challenges First Time Home Buyers May Face Challenge #1: Not Having Enough Money Saved For a Substantial Down Payment As a first time homebuyer, you may not have enough money set aside for a down payment. It can be tough to have that much money saved with all of the other monetary obliga