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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FHA Loans - MIP Featured
Mortgage Basics

FHA Loans: Mortgage Insurance Premium

If you are thinking about buying a home, an FHA home loan might be the right program for you. Mortgage Insurance Premium 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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Purchasing a Vacation Property
Buy a Home

Purchasing a Vacation Home in 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

Loan 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
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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 in Missouri, Arkansas, Illinois, and nearby areas
Refinancing

Should I Refinance My Mortgage?

The most popular reason to refinance your home is to lower the mortgage interest rates but there are actually several different reasons for someone to look into refinancing. 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 be…

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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 - Featured
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 - Featured
Refinancing

The Cost to Refinance

The Cost to Refinance My Mortgage The cost to refinance a mortgage depends on a wide range 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…

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Non-Conforming Loans | USA Mortgage Abadi Region
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 What is a Non-Conforming Loan? A non-conforming mortgage loan is one that does not…

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Apply for a USDA Home Loan
Home Loans

Applying for a USDA 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 as well. Below, we will outline the steps…

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Benefit from the current real estate market | USA Mortgage
Community

Current Real Estate Market and You

“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 - Featured
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
Mortgage Basics

Your Mortgage Tax Deductions

There are several components to a mortgage that allow for mortgage interest tax deductions to qualify. Some people can qualify for all of them, while others only use one or two. Either way, they save you money on your total tax liability. The most common mortgage tax deduction is the interest you paid on the…

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What is a VA Loan - Featured
Home Loans

What is a VA Loan?

Veterans, we are eternally grateful for the sacrifices you have made for our country. While there is nothing we can do to adequately thank you for your service, we can offer guidance and assistance during your homebuying process. We are here to help you navigate VA loans and get the keys of your dream home…

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What every first-time home buyer should know
Home Loans

Every 1st Time Homebuyer 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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