Columbia Police Invest in the Community - USA Mortgage
Community

The Columbia Police Invests in Our Community

The nature of law enforcement has changed over the past decade across the country. In the past, many police agencies had the “if it isn’t broke don’t fix it” mentality when it came to reducing crime and working with the community and were either unwilling or unable to change how they interacted with members of…

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Understanding The Mortgage Process - USA Mortgage
Mortgage Basics

Understanding The Mortgage Process

When people think about buying a home, they likely envision attending open houses and picking out new paint colors, not securing a mortgage. While getting a mortgage isn’t as glamorous as other aspects of buying a home, it is arguably the most important step in the process. Without a mortgage, most people wouldn’t have a…

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Living in Columbia Misosuri - USA Mortgage
Community

Why You’ll Love Living in Columbia

Columbia, Missouri has a way of winning people over. With three colleges, a lively downtown and plenty of beautiful outdoor areas, there’s always something new and exciting happening in Columbia. USA Mortgage is a premium relocation lender in Columbia, and we love introducing new residents to the area. If you’re planning to relocate to our…

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Advice First-Time Homebuyer Should Know - USA Mortgage
Home Loans

4 Pieces of Advice Every First-Time Homebuyer Should Know

Are you thinking about purchasing your first home? If so, congratulations! Homeownership is a wonderful experience, and the road to buying your first house is an exciting one. It’s likely different from any purchase you’ve made in the past, so it’s important to be prepared for the unique process. Below are my top four pieces…

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Home Loans

Certified Preapproved Homebuyer Program

As the housing market starts improving the supply and demand will shift towards seller’s market. This means multiple offers on a same property and the chances of your offer getting accepted may not be as great as it used to be in the buyer’s market. Here at USA Mortgage we strive to not only provide…

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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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Home Loans

6 Tips for the First Time Home Buyer

Have you recently decided that the time is right to buy your first home?  With Spring weather upon us, the market is starting to become active and many great homes are beginning to be listed for sale. The process of buying your first home can be a very exciting time.  It’s truly a fresh start in a…

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Community

The Impact of a Qualified Realtor

When selling your home, it is important to ensure that you are dealing with a qualified realtor to help you during the selling process. There are a lot of realtors out there to choose from, so doing thorough research before choosing a realtor is key. While it is important to understand that not all realtors are created…

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Mortgage Basics

High Credit Scores Equal Lower Mortgage Rates

Your credit score is extremely important when it comes to applying for any type of loan or credit account, especially when you’re looking to purchase a home. Not only does your credit affect the total amount of a loan you may qualify for, but it also helps mortgage lenders determine a mortgage rate they’re willing…

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Mortgage Basics

How Mortgage Amortization Works

How does mortgage amortization really work? A fixed rate loan can also be referred to as a fixed payment loan – However, the amount of principal and interest paid changes with each payment. Interest Paid – The math behind “amortization” or paying a loan off in a fixed period of time starts with the amount…

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Mortgage Basics

APR: Comparing the cost of loans

APR (Annual Percentage Rate) Comparing the cost of Home loans When you see a loan rate advertised, you’ll also see a corresponding APR (4.5%/4.762% APR). This Annual Percentage Rate is the total cost of your loan (interest and fees) expressed as a single number. The purpose is to give you one number for comparing multiple loans.…

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Home Loans

The FHA loan program

The FHA loan program was designed to help those who have trouble getting a home purchase a new home. In fact, the FHA loan program is the oldest loan program in the US. It’s been helping people get homes from close to 90 years. Created during the great depression and insured by the Federal Housing…

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Mortgage Basics

Get Pre-Approved for a Mortgage

Buying a home is an exciting process however you must ensure you have the details worked out for your loan to secure the home of your dreams. Getting all the details worked out for financing ahead of time will make the entire process much more enjoyable and stress-free as moving forward.   Applying & Getting…

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Buy a Home

Renting vs. Owning a Home

There’s more to comparing the costs of renting and owning a home than the dollar cost of payments.   Even with numbers like these, some still say renting is better: “Investing in a home is riskier than renting.” No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net…

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Home Loans

USDA Rural Housing Loans

What is preventing you from getting that dream home you’ve been watching for the past month? Is your credit score low? Do you not have a down payment? A USDA loan may be the difference you’ve been needing. USDA loans are guaranteed by the Rural Development Wing of the Department of Agriculture. These loans target…

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Mortgage Basics

Mortgage DOs and DON’Ts

Here are Mortgage DOs and DON’Ts to follow during your loan process. DO: Keep All Records in Good Order. Availability– Keep your financial records close at hand in case updates are requested. Income– Be aware that underwriters typically verify your income and tax documents through your employer(s), CPA, and/or IRS tax transcripts. Hold onto new…

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Mortgage Basics

Planning Ahead for the Mortgage Application

Preparing in Advance Will Save You Time and Trouble Once You’ve Started Making Offers. INCOME Provide Your Last two paystubs along with your W2s and Federal tax returns for the last two years (include all schedules). State returns are not needed. If you are self-employed, ask me for the additional documentation requirements. If you receive…

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Mortgage Basics

Mortgage Rates and Affordability

How Much Can You Finance with $960/Month? As rates rise, affordability dwindles. If you want more home for the same monthly payment, acting before mortgage rates rise further may be a direct path to success. Each example here shows the principal and interest payment for a 30-year, fixed-rate loan. 1- Loan of $180,000 Interest rate:…

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Home Loans

Who Qualifies for a VA Loan?

VA Loans are mortgage loans geared specifically for active duty members and Veterans of our nation’s armed forces.  In order to be eligible, you must have served a designated amount of time in the Military or in some cases surviving spouses of Veterans are eligible as well. It is important to understand the difference between…

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