Chris Palmer

Mortgage Loan Officer

Central Bank of Boone County
405 E. Broadway
Ashland, MO 65010
p: (573) 817-8604
Email Chris
NMLS# 864591

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Mortgage Checklist

This checklist can help you gather the documents you need to proceed with the loan.

  • Completed Loan Application and Signed Authorization
  • Homeowners Insurance Declaration Page (If refinancing)
  • Current Mortgage Statement (If applicable)
  • W2s from last two years
  • 30 days pay stub with YTD earnings
  • 2 months current bank statements, all pages
  • Social Security or Pension Awards letters (If applicable)
  • 2 Years tax returns
  • Divorce Decree (If applicable)
  • Trust Documents (If applicable)

Click here for a printable checklist

Chris started with Central Bank of Boone County in 2008, becoming a mortgage loan officer in 2012. He educates customers about the different loan types available and finds the best possible loan for their unique situation. He knows what it's like to sit on the other side of the desk and strives to make the loan experience easy. Chris believes communication is the key to a smooth loan closing and personal service makes all the difference. From the first interview to final purchase or refinance of a home, he is with the customer every step of the way. Plus, as a community bank officer, he can look at all of the customers' loans to make sure they are saving as much money as possible. Chris's goal is to have every customer leave as not only a happy customer who got the house that they wanted, but knowing him as a trusted friend for future lending needs.

Calculate Your Future Mortgage Payment

The parts of your monthly mortgage payment include both repayment of the loan principal and the monthly interest on the outstanding balance. A mortgage payment can also include pre-payments on property taxes, homeowner’s insurance and monthly homeowner’s association dues into an escrow account managed by your lender. Calculate your estimated yearly costs below and monthly payment to help you decide how much you can afford.

 

 

Mortgages 101: Fixed Vs. Adjustable [Infographic]

Making the choice to buy a home is quickly followed by a plethora of other decisions you will have to carry out, like where the house will be located and what you want in your perfect new abode. One of the most important decisions you'll need to make is what type of mortgage works best for you.

This choice is crucial because it will affect your finances for the next few years, if not decades, of your life. There are so many options that first-time homebuyers, or even experienced homebuyers, might feel overwhelmed with the decision.

However, once you understand the pros and cons of the various mortgage options, this decision will be easier for you. (read more...)