Central Bank of Boone County
105 Route B
Hallsville, MO 65255
p: (573) 817-8821
This checklist can help you gather the documents you need to proceed with the loan.
Linda has been a mortgage loan officer with Central Bank of Boone County since 1999. Her banking knowledge extends over 37 years. The goal with her customers is to educate them on the mortgage loan process so they know what to expect, making it as seamless as possible from start to finish. Linda's support and knowledge sets her apart from other mortgage lenders. She won't try to box you into one product over another. Instead, she'll look at the whole picture and guide you into the product that best fits your needs and ultimately puts you in your dream home.
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...)