MHQ - Mortgage HeadQuarters

During this COVID-19 pandemic, many may be thinking about refinancing their homes so that they can enjoy these lower rates that are now available. Other than that, have you ever thought about WHY people refinance their homes? There are actually A LOT of reasons to do so and our mortgage company at the Lake of the Ozarks is here to cover a few of them in this week's blog. If you have any questions about refinancing your home, please call our experienced mortgage lenders in Osage Beach . MHQ - Mortgage Headquarters can be reached at (573) 302-9990. Why Would I Refinance My Home? TO GET A SHORTER TERM ON YOUR HOME LOAN. Do you plan to build up equity more quickly and have your mortgage paid off more quickly? If this is your wish, the refinance loan can move you to a mortgage loan program with a short, like a 15 year loan. You will be paying less interest and increasing your equity more quickly. TO MANAGE YOUR DEBT IN AN EASIER WAY. If you have a SIGNIFICANT debt, you may...

COVID-19 has been a crazy time for everyone! It's important to see the positive points that are coming out of it whenever possible. One of those positive points is that the mortgage rates are extremely low right now. This means it may be YOUR right time to meet with an experienced mortgage company at the Lake of the Ozarks and buy your dream house. On that note, our mortgage lenders in Osage Beach are here to give you a few important points to consider before applying for a home loan in this week's blog. MHQ - Mortgage Headquarters is here for all your mortgage needs. Give us a call at 573-302-9990 today. We are here for you. RATE LOCK PERIODS Interest rates fluctuate and change daily. If you have reason to believe that interest rates are moving up, you might want to lock your loan. Lenders typically charge zero to one point to lock a loan rate and points. FEES AND POSSIBLE DISCOUNTS This is something you should definitely ask about as it will directly affect your m...

During this COVID-19 crisis, home loan rates have been at an all-time low. This may be motivating for you to buy your first house! If that's the case, we have a couple of pieces of advice for you: 1. Contact an EXPERIENCED mortgage lender at the Lake of the Ozarks today so you can find a home loan that meets you and your family's needs. 2. Keep reading this week's blog for a few tips you can use when buying your first home. If this is your first time buying a house, you likely have a lot of questions about the mortgage process. Please do not hesitate to call our knowledgeable Lake of the Ozarks mortgage lenders today. MHQ-Mortgage Headquarters can be reached at (573) 302-9990. The Buying Guide for First-Time Home Buyers GET PRE-APPROVED. This entails document verification, a credit check, and automated or actual underwriting. If all is in order, you will receive the equivalent of a loan commitment that's subject to a contract, appraisal and title work...

Whether you are applying for your first home loan at the Lake of the Ozarks or your fourth, there are things you should NOT do when trying to qualify. Our mortgage company in Osage Beach is here to give you a few tips on what NOT to do when trying to qualify for a home loan in this week's blog. Need a Lake of the Ozarks mortgage lender you can count on? Call MHQ - Mortgage Headquarters at (573) 302-9990 today. What NOT To Do When Trying To Qualify For a Home Loan Avoid switching jobs. If you are applying for a home loan, it's important that you hold down a steady job. You need to appear that you have a regular flow of income and if you are changing jobs in the middle of this process it can possibly throw things off. Avoid opening up any NEW credit cards. Your credit score can suffer when you open up a new credit card or multiple credit cards for that matter. You should not try to do this when applying for a home loan. Avoid canceling any current credit cards. ...

Thinking about buying a home? As a smart consumer, the start of home buying shouldn't start with shopping. It should actually start with getting pre-qualified for a mortgage loan. Getting pre-qualified for a mortgage loan  can help you in more ways than one. Not only does it give you a better idea of what you can actually afford, but it gives you negotiating power when putting in offers! Take a look at how we can help you with your pre-qualification. 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 pro...

Your credit history is a key factor in determining whether you’ll be able to get a mortgage, and the rate you’ll pay. Your lender will pull your credit report when you apply for a loan to determine your creditworthiness and review your debt-to-income ratio to see if you are financially responsible. This also helps them to determine what loan amount you can afford and at what rate of interest to approve you at. The better credit history you have, the higher loan amount you'll likely qualify for, and at a lower interest rate. To help you get one step closer to loan approval, MHQ Mortgage Headquarters is offering you 5 tips to improve your credit report. 1. Review Your Credit Report for Accuracy Since your credit scores are based on the data in your credit reports, it’s incredibly important to make sure that all of that information is accurate. If you have a mistake or discrepancy on your credit report, your credit score will reflect that mistake. You can request a credit re...