Predatory Lending Common Signs
Mortgage Basics

5 Common Signs of Predatory Lending

With so many mortgage lending companies out there, you might be wondering how to find one that has your best interests in mind. It can be more difficult when predatory lenders use deceptive tactics and tricks to trap people into less-than-ideal financial situations. Look out for these five common signs and tactics predatory lenders use…

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Buy a Home

5 Tips for Second-Time Homebuyers

As excited as you were to buy your first house, we bet you’re equally as excited (if not more) to buy your second. Though the process of buying a home is quite similar, there are some different things to take into consideration as you take this step into real estate investment. Here are some tips…

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Options for First Time Homebuyers - Blog
Home Loans

Loan Options for First Time Homebuyers

If you’re a first-time homebuyer, the loan process can be both exciting and daunting. With homes flying off the market in record time, it’s essential to move quickly. Researching loans you may be eligible for and getting a layout of the guidelines can help you find a loan best suited for your financial situation as…

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New Mortgage Loan Limits for 2020
Mortgage News

Conforming Mortgage Loan Limits

Home loans are divided into two categories: Conforming Loans and Non-Conforming Loans. And in the future, we will talk about the features of each one. But, as we head into 2022, conforming mortgage loan limits have increased. Here we explain what does that means for borrowers looking ahead? Conforming Loan Limits for 2022 Conforming mortgage…

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Purchasing a Vacation Property
Buy a Home

Purchasing a Vacation Home in the Ozarks

Between thousands of acres and endless recreational activities, it’s no wonder the Ozarks is becoming such a popular spot in the Midwest. Instead of flying across the country for a water oasis, you now can be just a few hours away. Here are some things to consider so you can get your dream Ozark vacation…

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Pre-Qualification vs. Pre-Approval Social media
Mortgage Basics

Mortgage Pre-Qualification vs. Pre-Approval

Looking for your dream home is a long process, but if you’re not prepared, it could take even longer. The last thing you want to do is to find your dream home only to miss out! You’ve probably heard of mortgage “pre-qualification” and “pre-approval.” While they may seem interchangeable, they’re two different things you can…

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Seasonal Home Buying Guide
Buy a Home

Seasonal Home Buying Guide

You’ve worked hard to get your credit score in good shape, build your savings, and get pre-approved. Now, you’re ready to look for a home and finally bring those dreams to life, but you’re unsure when the purchase will happen. Each season brings different factors to consider, like supply and demand, price, and weather. No…

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Should I refinance my mortgage | USA Mortgage
Refinancing

Should I Refinance My Mortgage?

Refinancing is a good idea when Mortgage interest rates are currently pretty good, and that means that it might be time to think about refinancing your current mortgage loan. Below, we are going to highlight some of the benefits of refinancing your loan. Refinancing: High-Interest Rates If your current interest rate seems like it might…

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First-Time Home Buyers
Home Loans

First-Time Home Buyers: Do’s and Don’ts

Buying a home for the first time can be overwhelming. As a first-time homebuyer, there are so many decisions to make along the way, from your buyer’s agent to your loan officer, to your loan program. But buying a home doesn’t have to be stressful! Making sure you are prepared will put you miles ahead…

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Second Homes vs. Investment Property
Buy a Home

Second Homes vs. Investment Property

When taking out a mortgage loan, there are several different categories that the loan falls under, depending on what you intend to do with the home understanding the mortgage process will help you navigate the purchase of your second home or investment property easier. For a home that you intend to live in as your…

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The Cost to Refinance my Mortgage
Refinancing

The Cost to Refinance my Mortgage

The Cost to Refinance my Mortgage The cost to refinance a mortgage depends on all sorts of factors, including, but not limited to: the loan program, loan amount, loan term, location of the home, credit score, loan-to-value, debt-to-income, and current market conditions. So when you ask yourself, should I refinance my Mortgage, you will want…

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Non-Conforming Loans | USA Mortgage
Home Loans

Non-Conforming vs Conforming

Mortgage loans are divided into two categories: Conforming Loans and Non-Conforming Loans. Below, we will highlight the features and benefits of each one, how they relate to each other, and the different options available to home buyers. Non-Conforming vs. Conforming Loans All conforming loans are conventional, but not all conventional loans are conforming. Any jumbo…

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Apply for a USDA Home Loan - Missouri
Home Loans

Apply for a USDA Home Loan

How to Apply for a USDA Home Loan? USDA home loans are a great option for both first-time, and experienced home-buyers. They do not require a down payment, making them an attractive option to some home-buyers. The property must be located in a “rural” area, and there are income limits based on your household size…

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Benefit from the current real estate market | USA Mortgage
Community

Benefit From The Current Real Estate Market

“The market is great right now…” is something you might hear every real estate agent saying lately. In fact, you could probably go back to the archives of 2008 when the market crashed and find advertising that echoes something similar. The phrase is used so often, it’s hard to know when it’s actually true. Right now,…

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Owning Multiple Homes - Missouri & Arkansas
Buy a Home

Owning Multiple Homes

If you are wanting to buy a home, and already own one, there are different rules, requirements, and restrictions that are in place for each kind of loan program. Read on to find out the ins and outs of owning multiple homes for conventional, FHA, USDA, and VA home loans. Conventional Home Loans If you…

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Your Mortgage Tax Deductions - Missouri
Mortgage Basics

Your Mortgage Tax Deductions

Is My Mortgage a Tax Deduction? Yes, owning a home also comes with many qualified mortgage tax deductions, also called tax write-offs. To claim your mortgage interest tax deductions, you must itemize your taxes instead of taking the standard deduction. Your Mortgage Tax Deductions There are several components to a mortgage that allow for mortgage…

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Conforming Loan Limit Increase for 2021
Mortgage News

Conforming Loan Limit Increase for 2021

Each year, the Federal Housing Finance Agency (FHFA) sets new baseline loan limits for various types of home loans to reflect the average home price in the U.S. Conventional loans, also known as conforming loans, are guaranteed by Fannie Mae and Freddie Mac and make up most of the loans in the U.S. As you…

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Mortgage Rates Forecast
Mortgage Basics

2021 Mortgage Rates Forecast

This past year has been a tremendous one for homebuyers and refinancers, with near-record setting lows for mortgage rates across the country. As we head towards another new year, the question on everyone’s mind has become: will we see the trend of low rates continue into 2021, or are we in for an increase? Current…

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Mortgage Basics

FHA Loans: Private Mortgage Insurance

If you are thinking about buying a home, an FHA home loan might be the right program for you. Private Mortgage Insurance is a component of FHA home loans that you will want to know about if you decide to go with the FHA loan program. Below, we answer some common questions that you might…

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Home Loans

What every first-time home buyer should know?

When you are buying your first home, there are many areas of lending and the home buying process that you will want to be informed about. Educating yourself is the first step to knowing that you are getting the best deal.   1. Down Payment Assistance Programs – MHDC, Chenoa, City Grants, etc.  a. These…

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