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Showing posts with the label qualifying for a home loan
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CLIMBING THE DOCUMENATION MOUNTAIN Does the idea of gathering all the information you need to apply for a loan seem like a big mountain to climb? Not to worry! MHQ Mortgage Headquarter at Lake of the Ozarks is here to help make it seamless and smooth. The loan process does require documentation that can seem endless and ongoing, but it is needed to present yourself the best in getting a FINAL loan approval and your dream home. The knowledgeable professionals at MHQ Mortgage have been in the industry and with their expertise will make buying a home fun and exciting. To make it easier for you and the ability to go at your own pace, MHQ Mortgage Headquarters has put together a standard checklist of items that are needed for a home loan. This list is not all encompassing, and each person is unique with their situation, but it will give you a guideline to follow to get the process started. Loan Application Checklist Property Information (if you already have a contract on a house) P...

Get Pre-Qualified Before You Begin Home Shopping

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As a smart consumer, the start of the home buying process shouldn't start with shopping homes. 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 process, we ca...