Central Bank of the Ozarks
3333 S. National Avenue
Springfield, MO 65807
p: (417) 841-4289
f: (417) 882-9675
This checklist can help you gather the documents you need to proceed with the loan.
Ryan White, Residential Lending Manager, joined Central Bank of the Ozarks in late 2017. He has been in the mortgage and banking industry since 1998 and brings a wealth of knowledge to those who are looking to build or purchase a new home. He is responsible for managing the production, product development, business development, education, processing, and marketing of the Real Estate department.
Ryan earned a Bachelor’s of Science Degree from Northwest Missouri State University. He is also continuing graduate work at UMKC and Drury Universities. White has been an active part of Habitat for Humanity, Springfield Rotary, Relay for Life, and several networking organizations over the years.
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...)