MHQ - Mortgage HeadQuarters

NEW THANKSGIVING TRADITIONS For many families, Thanksgiving is an opportunity to gather with our families or chosen families to share a fabulous meal, give thanks for our blessings and enjoy the pleasure of each other's company. Over the years, families and groups of friends often develop their own special Thanksgiving traditions they bring out every turkey day, no matter how goofy or odd it may be. Thanksgiving celebrations require a few essential: a gleaming roast turkey with stuffing, mashed potatoes with gravy, pumpkin pie with whatever amount of whipped cream you desire, and plenty of side dishes to make everyone happy. At Lake of the Ozarks , a melting pot of backgrounds, you never know what someone has to have on turkey day. Here are a few ideas to start a new tradition or enhance an old one. You can choose one or all of them to add to your Thanksgiving day traditions. MHQ Mortgage Headquarters likes to support our local community and doing it as a family forms a real bond w

CHRISTMAS SPENDING & CREDIT CARDS Black Friday and Cyber Monday are just a week away and people’s Christmas spending will be in full gear. 21.5% of Americans will go into debt because of Christmas, but is that always the wise choice when buying a home is on your Wish List? MHQ Mortgage Headquarters is here to help you make your wish of owning a home a reality. Knowing how credit cards affect your ability to get a mortgage could help you with your spending habits this holiday season. 5 WAYS CREDIT CARD DEBT AFFECTS GETTING A MORTGAGE Five main factors related to your credit card debt are considered when submitting your mortgage loan application. Below are the ones we will review but it is not an inclusive list. It is always best to contact your mortgage loan professionals around Lake of the Ozarks at MHQ Headquarters .   Debt-to-income ratio . To make sure you can repay your loan, lenders calculate your debt-to-income (DTI) ratio by dividing your total monthly debt by your gross mo

8 VA LOAN MYTHS AND THE FACTS Mortgage Headquarters is your leading lender at the Lake of the Ozarks . Our team of skilled and knowledgeable mortgage lenders are experienced in VA loans in the lake area. Tackling the loan process can be challenging enough, you want the expertise of MHQ on your side to ensure a smooth transaction. VA loans and all the myths surrounding this type of loan are confusing to many, we at Mortgage Headquarters pride ourselves in knowing the facts. Here are some of the biggest myths we hear in the mortgage loan industry. LETS TALK MYTHS Myth #1 – VA loans take entirely too long! FACT: It does not take any longer to process a VA loan than a conventional or other government loan. The key to a smooth VA loan process is a knowledgeable lender. Myth #2 – VA loans cost more than other loan programs. FACT: When you crunch the numbers, many times a VA loan can be less expensive than alternative loan options. There is no PMI or mortgage insurance on a VA loan and th

Buying a home  is a huge financial investment. So much so, that oftentimes people think it's simply just easier and more cost effective to rent. Homeownership can be very rewarding if you are properly prepared, know what to expect, and make informed financial decisions. However, there’s more to comparing the costs of renting and owning than the dollar cost of payments. This week, we're sharing with you some common thoughts that renters often voice when speaking about renting vs. buying a home. “Investing in a home is riskier than renting.” No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net worth that is from several to hundreds of times higher than that of renters. “Home values have dropped in recent years.” Which is one reason why ownership may now be less expensive than renting. As well, recent price trends in many areas have reversed, and values are once again on the rise. “The tax deductions aren’t worth it.” Some p