How To Speed Up The Process of Buying A Vacation Home at the Lake of the Ozarks

Who's ready to buy a vacation home here? The Lake of the Ozarks is such a beautiful place YEAR-ROUND. Fall is right around the corner and the fall foliage is breathtaking. If you're looking to buy a vacation home here, you've come to the right place. Our mortgage lenders at the Lake of the Ozarks are here to give you a few tips on how to speed up the process of buying your vacation home, in this week's blog. If you have any questions, please do not hesitate to give us a call. MHQ - Mortgage Headquarters can be reached at 573-302-9990.


Photo Credit: Fun Lake MO


How To Speed Up The Process of Buying A Vacation Home at the Lake of the Ozarks


GET YOUR FINANCIAL PAPERS IN ORDER.

When it comes to applying for a mortgage, preparation can be key! Get the following documents together:

  • Checking Account Statements
  • Current Paystubs
  • Tax Returns

An experienced Missouri mortgage lender can walk you through other documents you may need to bring.


KNOW HOW MUCH YOU CAN AFFORD WITH PRE-APPROVAL.

Pre-Approval lets you know how much house you can afford UPFRONT. Don't put yourself in a financial situation you can't get yourself out of. Pre-Approval is a smart decision because not only does it allow you to know how much you can afford, but it also makes you look more appealing to your potential seller. It can give you the credibility of a cash-buyer.


PAY OFF YOUR DEBT OR CONTINUOUSLY MAKE PAYMENTS.

Avoid accruing any more debt while applying for a mortgage. This can mean don't open up any new store credit cards, bank credit cards, or apply for any new car loans. You'll also want to avoid taking out any student loans or personal loans during this time. Any major activity on your credit can complicate this process and may make things harder for you.


Photo Credit: Fun Lake MO


Enjoy Your Lake Life!


Build your very own lake life at the once voted #1 Recreational Lake in the Nation (USA Today). The Lake of the Ozarks is family-friendly, affordable, and just a beautiful place to live. It's a great place to raise your kids and just enjoy life! To learn more about the mortgage process at MHQ - Mortgage Headquarters, give us a call at the number listed below. You can also follow us on our social media channels listed below to stay up to date on our latest mortgage tips and happenings around the Lake.




Mortgage Headquarters of Missouri, Inc
4824 Osage Beach Parkway, Suite 1
Osage Beach, MO 65065

Office: (573) 302-9990
Toll Free: (888) 799-1206
Fax: (636) 648-9917

NMLS # 1229111

Follow Us On:   Facebook   |   LinkedIn
Location: Osage Beach, MO 65065, USA

Comments

Post a Comment

Popular posts from this blog

What You Need to Know About Home Equity Loans

Image
For today's homeowners, one of the greatest benefits of homeownership is the home equity you build up over time. The gradually expanding value of a home is a financial resource that can gain momentum over time. Building equity can be a long-term strategy for growing wealth, but it's also a great resource when you need a little extra cash for financial endeavors or any home improvements you're needing to complete. Let's take a look at what a home equity loan is and some of the benefits for qualified recipients. What is a Home Equity Loan? A home equity loan is a type of second mortgage . Your “first” mortgage is the one you used to purchase your home, but you can use additional loans to borrow against the property if you have built up enough equity. Home equity loans allow you to borrow against your home’s value. They provide access to large amounts of money, and they can be easier to qualify for than other types of loans because they are secured by your house. B
Read more

See How MHQ Can Help You with Your Mortgage Needs!

Image
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
Read more
Image
COOKIES FOR SANTA The holiday season is upon us, and we can practically smell the aroma of fresh-baked cookies in the air. Beyond being a delicious holiday treat, Christmas cookies are part of many family traditions, and have a long standing history. MHQ Mortgage Headquarters, leading lender at the Lake of the Ozarks , understands how cookies bring a family together and a since of home in every bite. Let’s take a stroll down the history of Christmas cookies. COOKIE DECORATING Icing or frosting, is there really a difference? Icing started in the 1600s with a mixture of sugar and egg whites that topped a cake once cooled, it looked just like ice. Where it got its name of icing. In recent times, the rich & creamy buttercream has become popular with its delicious taste and thicker texture for decorating. If you dare, you can tackle fondant to give your Christmas cookies a little something extra. And with so many food coloring variations to choose from today, your options are endless.
Read more