MHQ - Mortgage HeadQuarters

Whether you're  buying your first home  or needing to  refinance your current mortgage , you’re going to need the expertise of a mortgage professional on your side. We make obtaining a mortgage loan easy. With over 20 years in business, Mortgage Headquarters of Missouri, Inc has the knowledge to help you find the right loan for your needs. 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 buyers with less available cash. ...

Whether you're  buying your first home  or needing to  refinance your current mortgage  to make some much needed upgrades to your home, there's probably going to be a time when you're going to have to consider mortgage lending options. Make no mistake, there's a lot involved when you get a mortgage. You wouldn't be looking up loan information if it were possible to get a loan in a single day with a simple application. But  Mortgage Headquarters of Missouri, Inc  does 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! First Time Homebuyer Lending As a first time homebuyer, there may be several factors to getting a loan that you may not be aware of. There are some important steps to getting a mortgage loan: deciding on a maximum loan amount, pre-qualifying for a loan, applying for the loan, and getting funded. Because lender guidelines are fairly standard, we can g...

When applying for a conventional loan, borrowers will typically need to come to the table with 20 percent down. If a borrower isn't able to come up with the funds, lenders may look at the loan as a risky investment, but may still move forward, but require the borrower to take out Private Mortgage Insurance . This may seem like a great opportunity for many borrowers, but it's important to know what you're agreeing to before signing the dotted line. So, this week, MHQ Mortgage Headquarters is sharing with you information about PMI: What it is; What you need to know; Other options; and how to cancel it when you're able. What is Private Mortgage Insurance (PMI)? Private mortgage insurance (PMI) is a type of mortgage insurance that you may be required to pay if you obtain a conventional loan and pay a down payment of less than 20 percent of the home's purchase value. This insurance is required to protect the lender's interest when loaning to a borrower with ...

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 bene...

Buying a home is an exciting time! You've probably got so many fantastic ideas of your perfect home and all the things you'll need to do once you find that home. But before you can move forward with your purchase, you've got some other (less exciting) tasks to complete first, such as finding a mortgage lender, getting pre-approved, and choosing your loan type. Choosing the right type of mortgage loan is one of the most important decisions you’ll make in the home-buying process. With so many different options out there, it can be hard to find an affordable home loan that meets your financial goals. That's why  MHQ - Mortgage Headquarters  is putting our 20+ years of experience to work for you to help you make an informed decision. Take a look at some of the  mortgage options  available to see what best fits your particular needs. Conventional Loan A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government and con...

Choosing the right type of mortgage loan is one of the most important decisions you’ll make in the home-buying process. With so many different options out there, it can be hard to find an affordable home loan that meets your financial goals. That's why MHQ - Mortgage Headquarters is putting our 20+ years of experience to work for you to help you make an informed decision. Take a look at some of the mortgage options available to see what best fits your particular needs. Conventional Loan A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government and conforms to the loan limits set forth by Freddie Mac and Fannie Mae. You can get a conventional loan at a fixed or adjustable rate. Conventional loans also require a larger down payment, so those buyers tend to have a more secure financial standing and are less likely to default. Conventional loan requirements vary from lender to lender, but 620 is typically the minimum credit score needed t...

Hello and welcome to MHQ - Mortgage HeadQuarters new blog! In our blog, it is our goal to educate you on the processes of mortgage lending, provide tips on how to select the best mortgage for your needs, share knowledge of the changes within the mortgage industry, and much more. We firmly believe that getting to know the people you're working with makes a huge difference in being able to comfortably do business with them. So this week, we wanted to give you a little background about ourselves and how we got into mortgage lending at the Lake of the Ozarks . How We Got Started In 1998 while Tami and Nick were working on getting Lake of the Ozarks boaters gas tax refunds back, they found a need to expand their great services to help customers with mortgage financing. Since then, Tami and Nick have been providing home purchase and refinance options since 1998, and to this day are still providing good old fashion service. Tami’s background is in Industrial Engineering and Nick’s ...