MHQ - Mortgage HeadQuarters

NEW THANKSGIVING TRADITIONS For many families, Thanksgiving is an opportunity to gather with our families or chosen families to share a fabulous meal, give thanks for our blessings and enjoy the pleasure of each other's company. Over the years, families and groups of friends often develop their own special Thanksgiving traditions they bring out every turkey day, no matter how goofy or odd it may be. Thanksgiving celebrations require a few essential: a gleaming roast turkey with stuffing, mashed potatoes with gravy, pumpkin pie with whatever amount of whipped cream you desire, and plenty of side dishes to make everyone happy. At Lake of the Ozarks , a melting pot of backgrounds, you never know what someone has to have on turkey day. Here are a few ideas to start a new tradition or enhance an old one. You can choose one or all of them to add to your Thanksgiving day traditions. MHQ Mortgage Headquarters likes to support our local community and doing it as a family forms a real bond w...

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. First-Time Home Buyers: Red Flags To Watch For On The 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 mar...

Is 2020 your year? The year you finally buy your first home, it could be 2020! This experienced mortgage company at the Lake of the Ozarks is here to give a few first time home buying tips for 2020 in this week's blog. If this is your first time buying a home, MHQ - Mortgage Headquarters is here for you. We get that the process can be new and a little intimidating if you don't realize what all is involved. There can be many loan options for first time home buyers, more than you might think. First Time Home Buying Tips for 2020 Put money aside for your closing costs and down payment. Buying a home is more than the listing price. The listing price is very rarely ever the actual final cost of the sale. You have closing costs, inspection fees, taxes, and more that will need to be covered.  Many costs can be rolled into your mortgage, most mortgages will require some sort of a down payment. That can range anywhere from 3.5%-20% depending on the type of loan. Look i...

Having a monthly mortgage payment you can realistically afford is CRITICAL for financial balance. We think we can all agree on that, but how does that payment get determined? Have you ever wondered how a mortgage company at the Lake of the Ozarks figures out what your monthly payment will be? If so, this is the blog for you!  Lenders use a ratio called "debt to income" to decide your maximum monthly payment after you have paid your other recurring loans. Keep reading this week's blog to learn more about how the debt to income ratio works. If you looking to apply for a mortgage at the Lake of the Ozarks and need some help from an EXPERIENCED lender, please call MHQ - Mortgage Headquarters of Missouri . We can be reached at (573) 302-9990. You can also find more mortgage information on our website at www.MHQMortgage.com . How To Figure Out Your Qualifying Ratio Usually, underwriting for conventional loans requires a qualifying ratio of 28/36. An FHA loan will usua...

At  MHQ - Mortgage HeadQuarters , 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, especially when it comes to buying a home! So this week, we wanted to give you a little background about ourselves, our services, 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 is in Accounting and Economics. The combination of the two backgrounds makes a great team to handle your mortgage financing. Combined, your mortgage specialists at  MHQ - Mortgag...