MHQ - Mortgage HeadQuarters

With many things in life, you'll likely always have the opportunity to shop for a 'better deal'. In the housing market, the best deal doesn’t always come with the lowest price. Sometimes, especially in times like now where Lake of the Ozarks real estate inventory is low, it's simply not in your best interest to hold off on putting in an offer. If you really love the house, don't lose the bid. Check out these tips for helping you weigh your options! Price vs. Payments If you're financing your purchase, you'll probably never come close to paying the actual price. You're making a comparatively small down payment and then paying interest on the loan until you refinance or sell. Yes, you will have a higher payment if you pay more for the home, but an extra $10,000 of mortgage money can add less than $50 per month on a low-rate, 30-year loan. Relative Prices Our natural tendency to pay as little as possible is not as meaningful for an investment, suc...

As a first time home buyer , you may not be aware of many moving parts that typically take place in a real estate transaction. You may also not be aware of some of the factors a smart consumer might consider before signing on the dotted line. That doesn't make you less qualified to buy, it just means you haven't experienced the home buying process yet to learn techniques. That's why it's essential to have a guiding hand that has your best interest in mind to help you along the way. This week, Mortgage Headquarters of Missouri wants to share with you some items you'll want to determine before buying your first home. You will want to consider: 1. How much you can comfortably afford.  The pre-approval process, which entails full documentation and credit check, is the best way to determine the numbers that are right for you. Early in your search, you can identify any potential hurdles and focus only on homes truly available to you. You'll also want to look ...