MHQ - Mortgage HeadQuarters

Are you tired of renting and are considering buying your first home? There are so many advantages to buying over renting, that much is for sure, but it's clearly not a decision you should make lightly. Our mortgage company at the Lake of the Ozarks wants to make sure you are prepared! Keep reading this week's blog for a few important actions to take prior to purchasing your first home. If you would like to sit down with one of our mortgage professionals at the Lake of the Ozarks and get a few questions you've really wanted to ask answered, please call MHQ - Mortgage Headquarters today. We can be reached at (573) 302-9990.  Important Actions To Take PRIOR To Purchasing Your First House MEET WITH AN EXPERIENCED MORTGAGE LENDER SO YOU CAN HAVE A FULL UNDERSTANDING OF HOW THE HOME LOAN PROCESS WORKS AHEAD OF TIME. This is a time when the Internet doesn’t have all the answers. The process varies for many reasons, including area and custom. Generally, purchases include: Offer,...

Are you thinking that 2020 should be the LAST YEAR you have to rent for housing? If so, our mortgage company at the Lake of the Ozarks understands. First of all, it can be really tough to find a decent rent price in the Lake area sometimes. You may even find that you're paying about just as much money by choosing to buy a house around here. That being said, you should weigh both sides before making that decision and we can help! On that note, our mortgage lenders are here to give you a few tips for buying your first home in 2021, in this week's blog. If you would like to weigh your options and see about buying versus renting, please give us a call. MHQ - Mortgage Headquarters can be reached at (573) 302-9990. Tips for Buying Your FIRST HOME in 2021 DON'T FORGET ABOUT FIXER-UPPERS! While it would be ideal to purchase a move-in ready swanky new house, that's not always feasible when considering your actual budget. Don't overlook fixer-uppers. Homes that need a littl...

Have you been searching for your dream home lately? If so, you are NOT alone. This year has been a year for house hunting! With the rates dropping so low this year, it has just been an ideal time for homebuyers at the Lake of the Ozarks . That being said our mortgage company at the Lake of the Ozarks is here to give you some tips on how to prioritize your wish list when buying a home in this week's blog. If you have any questions about the home loan process, please give us a call. MHQ Mortage Headquarters is here for you!  How To Prioritize Your Wish List When Buying a Home When you are searching for a home, you need to keep your budget in mind. Yes, sometimes your real estate agent will be able to negotiate your buying price down, but that doesn't mean you should look for something that's too far over your budget. You need to think about what you actually NEED in a home, versus what you WANT in a home. For example, let's say you have: TWO LARGER DOGS You will likely ...

Have you ever bought a home before? If you are new to home buying, the thought of a Rate Lock may be new to you. If that's the case, you're in luck. This is the blog for you! Our mortgage professionals at the Lake of the Ozarks are here to give you some KEY information on how to lock in your rate properly. If you end up having any questions about this, please do not hesitate to give us a call. MHQ - Mortgage Headquarters can be reached at (573) 302-9990. How To Lock In Your Rate Properly 1. Understand FULLY what a Rate Lock Is. It means that you are guaranteed to keep a specific interest rate for a certain number of days for your application process. This keeps you from going through your whole application process and finding out at the end that the interest rate has gone up. Rate lock periods can vary in length, anywhere from fifteen to sixty days, with the longer ones usually costing more. A lender may agree to lock in an interest rate and points for a longer period, like s...

Have you ever thought about owning a home? Have you rented for most of your adult life but now you feel like this may be THE YEAR to become a homeowner? If so, you aren't alone. Many people have actually been buying homes this year especially due to the housing market conditions and the lower rates. That being said, have you ever thought about some of the perks of owning a home? Some of them may SURPRISE you. Our mortgage company at the Lake of the Ozarks is here to give you a few FANTASTIC perks of owning a home in this week's blog. If you decided that you are THROUGH renting and want to talk about your home loan options with an expert, please call MHQ - Mortgage Headquarters today. Our experienced mortgage lenders at the Lake of the Ozarks would love to walk you through your options and answer any questions you may have. Give us a call at (573) 302-9990. A Few FANTASTIC Perks Of Owning a Home Your home could appreciate in value over time. First, to be clear - there are no ...

Are considering refinancing your home this year because you heard about the possibility of getting a lower rate? It IS worth considering for some people, but it's not for everyone. The best thing for you to do is to speak with an experienced mortgage lender at the Lake of the Ozarks and get all the facts. Truly understand what refinancing your home loan means and what your options are and go from there. We can help. MHQ - Mortgage Headquarters can be reached at (573) 302-9990. Visit www.MHQMortgage.com for more information too. In the meantime, keep reading this week's blog for a few refinancing no no's. Refinancing No No's DO NOT... REFRAIN FROM LOOKING AT ALL THE COSTS ASSOCIATED WITH REFINANCING. Typically, lowering your monthly payment is the ultimate purpose for refinancing. But it should not be the only factor you weigh. Before you even begin the refinance process, check your current mortgage documents to make sure your loan doesn't contain a penalty if you...

Our mortgage company at the Lake of the Ozarks prides ourselves on offering friendly customer service to all. We understand that the mortgage process can seem complicated or confusing to someone who is new to it. With that being said, our Lake of the Ozarks mortgage lenders are here to give you a few mortgage calculators to make your life EASIER in this week's blog. Rates and Payments Research Monthly Payment - Calculate your payment and amortization schedule. Compare Terms - Compare multiple terms for a given principal and rate. For example, see the difference between a 15 year and a 30 year mortgage. Compare Rates - See how changes in your rate affect your payment for a given principal and term. Mortgage APR - Find the APR on a fixed rate mortgage. Balloon Payment - A balloon mortgage can reduce your monthly payments but may require refinancing at the end of the term. Interest Only - Compare monthly payment amounts for an interest-only mortgage and a principal-interest mo...