Central Bank of Boone County
105 Route B
Hallsville, MO 65255
p: (573) 817-8824
This checklist can help you gather the documents you need to proceed with the loan.
Hanna has been a lender with Central Bank of Boone County since 2011. Her background as a credit analyst gives her a behind-the-scenes perspective on just what it takes to make a loan happen. Hanna helps her customers reach their credit goals by assisting them in obtaining the best suited loan to their particular situation. She loves listening to customers' stories, finding out who they are and where they're going, and then helping them get there. She feels it's important to look at the whole picture, taking an individualized approach with each of her customers. She's a detail oriented person who loves to iron out the details early making the loan process seamless and quick for you.
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.
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...)