MHQ - Mortgage HeadQuarters

Congratulations on choosing to   buy a vacation home at the Lake of the Ozarks ! Prepare to make MANY fun memories on this gorgeous lake. If this is your first time buying a second home, don't fear the unknown. Our   mortgage lenders at the Lake of the Ozarks   are here to help you every step of the way. On that note, keep reading this week's blog for a few helpful pieces of information when it comes to buying a second home. Need help with this important process? Call   MHQ-Mortgage Headquarters   today. We can be reached at (573) 302-9990. Photo Credit: Fun Lake MO Your Guide To Buying A Vacation Home at the Lake CONSIDER AN EQUITY LINE OF CREDIT! A home equity line of credit (HELOC) is an open line of credit tied to an equity-based maximum loan amount. You may use the account for a set period of time (5, 10 or even 20 years) as long as there are funds. Once your predetermined time period is up, you will be required to pay off the loan, making monthly payments ...

As you are ready to start the process of finding a home, you should always start with getting prequalified for a home loan.  Getting pre-qualified for a mortgage loan  can help you in many ways! Not only does it give you a better idea of what you can realistically afford, but it gives you negotiating power when putting in offers! Take a look at how we can help you with your pre-qualification process. Let's Get You Pre-Qualified At Mortgage Headquarters, we've been in the mortgage lending business for more than 20 years. This length of experience and the knowledge we've obtained over the years provides us with the necessary tools to help determine how much of a mortgage loan you can afford, and how much money you can borrow. We'll do this by analyzing your debt-to-income ratio, your work and residence situations, the funds available for down payment, required reserves, and other considerations. During the process, we calculate your ability to borrow - looking at your ear...

For today's home buyers, there are a vast number of items to address before you can move into that dream home of yours. When  purchasing a home at the Lake of the Ozarks , many questions can arise about the different aspects of the mortgage loan itself, along with the process of approval. MHQ - Mortgage Headquarters has more than 20 years' experience in the mortgage industry, so we know what questions buyer's want answers to. So we've come up with a list of frequently asked questions and are delivering the answer to make your mortgage shopping decision easier! Take a look:  1. Can I Buy a Home When My Credit is Less Than Desirable? Yes, you can, however it's not always as simple as yes or now. Different loan products have different requirements in regard to credit score. Some loans allow a lower credit score than others. The downside is that the lower your credit score, the higher your interest rate is likely to be, and the lower your chances are for approval. For i...

So many people have bought second homes or vacation homes here over the years! The Lake of the Ozarks is an AMAZING place to visit. Buying a second home here shows that you truly know that already. If you're looking to join these people and buy your very own second home at the Lake of the Ozarks, call our  Mid-Missouri mortgage lenders  today.  MHQ - Mortgage Headquarters  can be reached at 573-302-9990. Why Do People Buy Second Homes Here? Some may be looking to retire here. Many people choose to retire to the Lake of the Ozarks. It can be a truly peaceful place with a very affordable living cost. This area comes with a very nice "away from the hustle and bustle" type of feeling. The know this is a FANTASTIC vacation area. The Lake of the Ozarks is a very popular vacation destination, meaning if you ever do decide to sell your vacation home here, you may end up making a significant profit on your investment. Location is everything and people will likely pay for...