MHQ - Mortgage HeadQuarters

Your parents could live the remainder of their years not paying a mortgage* and maybe even getting a monthly check as long as they live in their home. HOW?! Your parents may be eligible for an  FHA Reverse Mortgage  if they are 62 or older, meet financial requirements and have sufficient equity in their home. They will need to live in the home as their principal residence, maintain it, and pay taxes and insurance. How It Works: Proceeds from a reverse mortgage first pay off the current mortgage on the home, if applicable. Your parents can access additional funds through a lump sum payment, a line of credit or monthly installments. The amount available depends on the amount of equity they have in their home, settlement costs, interest rates, and their ages. In some cases, funds to pay taxes and insurance are set aside at closing or withheld from regular disbursements. Points to Remember: A reverse mortgage is a loan. Loan costs include interest, FHA Mortgage Insurance, and initial fees.

Have you been thinking about refinancing your mortgage? A refinance is often worth its cost several times over, because of the advantages that it brings, as well as a lower interest rate. If  refinancing your home at the Lake of the Ozarks  is something you are interested in, please call  MHQ - Mortgage Headquarters  today at (573) 302-9990. In the meantime, keep reading to learn more about refinancing and whether or not it is right for you. The Benefits of Refinancing When you refinance, you could be able to reduce the interest rate and monthly payment amount, sometimes by a lot. You may also be able to "cash out" some of your equity, which you are able to use to take care of higher interest debt, make home improvements, or take a vacation. You might be able to refinance to a shorter-term mortgage loan, enabling you to add to your equity quicker. The Fees and Expenses with Refinancing As you probably expect, you will have some fees and expenses during the refinance process.

As a first-time homebuyer, you are going into unchartered territory. It's important that you seek the help you deserve when searching for the best home loan options. That's where our  Lake of the Ozarks mortgage company  comes in.  MHQ Mortgage Headquarters  specializes in providing fantastic home loan options for first-time homebuyers. We will do the heavy lifting so you can concentrate on your life rather than the mortgage loan. If you are looking to  buy your first home at the Lake of the Ozarks , call  MHQ-Mortgage Headquarters  at (573) 302-9990. In the meantime, keep reading this week's blog for red flags to watch for on the home tour if you are a first-time homebuyer. Watch For These Red Flags During A Home Tour A POOR FOUNDATION You should check to see how the foundation is in the home you're looking at. This is something that's very easy to overlook. A good way of checking to see if the foundation is level is by either putting a marble or something else tha

Lake of the Ozarks has been booming the past few years with more & more people buying 2nd homes here. It is an amazing place to visit, leave and enjoy everything the Lake has to offer. Buying a second home and a home at the Lake has different characteristics that need to be taken into consideration to ensure a smooth loan process. The experts at MHQ Mortgage Headquarters are well versed in everything Lake and can help you with getting a loan for your second home. Why is the Lake Booming with second home purchases? · Low cost of living for retiring · Great place to raise a family · Excellent vacation area with so much to do · Place to stay every time you visit · And of course the LAKE and Boating Thinking Of Buying A Second Home At The Lake of the Ozarks If so, we suggest getting PRE-APPROVED first. Before you begin to shop for a new second home, you should set up a time to meet with us so we can figure out how much you can afford. This wi

Bathrooms are in the spotlight and we’re loving it at MHQ Mortgage Headquarters ! Gone are the days of being strictly utilitarian, the future sees this space leaving its humble origins in the dust. These interiors offer so much more than appeasing basic necessities, quickly becoming at-home retreats resembling personal spas. Check out the top bathroom trends of 2022 we are loving at MHQ Mortgage Headquarters Lake of the Ozarks 1. All-in-One Shower & Bath The two-in-one shower and bath concept is being reinvented. Now, instead of a cramped tub with a showerhead and shower curtains, a glass divider holds a full shower and­ tub. It’s a wonderful solution for those who like maximizing practicality and convenience. 2. Indoor-Outdoor Merger Blurring the lines between indoors and outdoors is not a new concept. However, 2022’s bathroom trends do something more. By combining placement, materials, and architecture bathrooms feel on par with their surroundings. Expect to see more timber indo