MHQ - Mortgage HeadQuarters

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 purchasing a home at the Lake of the Ozarks , you want to ensure that you're making the right selection when it comes to the loan option you choose, as well as the lender you choose to work with. MHQ - Mortgage Headquarters has more than 20 years' experience in the mortgage industry, so we can confidently answer many of your mortgage lending questions. Take a look at the 6 questions we've come up with that you should ask your lender before applying for a home loan. 1. What Type of Loan is Best for Me? Any reputable lender will find out more information from you to better serve your needs before recommending any given loan option. Since each loan option requires a different set of stipulations to be met for approval, it's virtually impossible to say with confidence what loan would best fit your needs without gathering information first. 2. What is the Interest Rate and Annual Percentage Rate The annual percentage rate (APR) is derived by a complex calcul...

Borrowing for a home is expensive. In fact, it's pretty likely that your mortgage payment is your largest monthly expense. But there are ways you can decrease your monthly payment and pay off your loan faster. The best mortgage company at the Lake of the Ozarks is here to offer you some simple tips for saving money on your mortgage that will also knock some years off your loan term. Check it out: Make Additional Payments Here's a simple trick to reduce the repayment period of your mortgage and save thousands over the course of your loan: Make additional payments which go toward the principal. People pay extra in a few different ways. Paying one additional full payment one time a year may be the easiest to track. If you can't afford to pay an extra whole payment all at once, you can split that large amount into 12 smaller payments and write a check for that additional amount monthly. Finally, you can pay half of your mortgage payment every other week. Each option yie...

If you're currently renting and want to buy your own home, you'll need to start thinking about how you'll cover a down payment. Saving for a down payment to buy a house can seem overwhelming, but with a couple of savings hacks, you might be able to save enough to afford a home sooner than you expected. Here are some tips to help you start saving for a down payment as quickly as possible: 1. Reduce Your Credit Card Debt High interest rates on credit cards can seriously limit your ability to save. Pay off your high interest rate credit cards. Start with your highest interest rate card. When you've paid the entire balance, close the card, and proceed to pay off the next. At a minimum, transfer your credit card balances to the card with the lowest interest rate. 2. Auto Deposit Funds into Savings Every Paycheck Set up an automatic direct deposit into a savings account. Commit to never use these savings for any purpose other than your down payment. You might choose ...

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 ...