Food For Thought For First-Time Homebuyers in 2021
2020 was tough for many people, there's no arguing that. Our mortgage company at the Lake of the Ozarks is excited for the NEW year and ready to look forward! On that note, keep reading this week's blog for some food for thought for first-time homebuyers in 2021. If you have any questions about buying a home for the first time, please give us a call. MHQ - Mortgage Headquarters can be reached at (573) 302-9990. No questions are bad questions and we are here for you.
Food For Thought For First-Time Homebuyers in 2021
HAVE YOU FIGURED OUT WHAT YOU MAXIMUM MORTGAGE AMOUNT SHOULD BE YET?
This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
HAVE YOU APPLIED FOR PRE-QUALIFICATION YET?
This is where Mortgage Headquarters of Missouri, Inc can start to save you money. You will supply details on your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We get your permission to run your credit score and report. We will go over all this information and will give you a pre-qualification letter. Be careful with this letter — it can be a useful tool when you make your offer! Your REALTOR® will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're deciding on the home that's right for you, we are looking for the best loan for you.
DO YOU HAVE ANY QUESTIONS ABOUT APPLYING FOR YOUR LOAN?
Once you've made the offer and it's been accepted, it's time to apply for the loan. It couldn't be easier, and you can do it online, right here on our site. At the end of this step, we'll order the appraisal of your new home.
Have You Found Your Dream Home?
Congratulations! Let's get your mortgage process started then! If this is your first time buying a home, the process may seem intimidating at first. We want you to know that we're here for you. We will walk you through every step of the way and answer any questions you may have. We can be reached at the phone number listed below. You can also stay up to date on our latest mortgage tips and announcements by following us on our social media channels listed below.
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