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Is A St. Louis VA Loan The Right Choice For You?

If you’re a veteran, you’ve probably heard of VA loans. But do you know exactly what it takes to get one? And what the benefits are when you do? Here at Liberty Lending, we’ve got years of experience providing veterans in the St. Louis area with VA loans, so we know how to break it down. Here’s the formula for VA loans: Service Record + Credit Score + Income Level = No Down Payment, 100% Financing and Great Fixed Rates Let’s explore how everything comes together. First, this is what goes into a VA loan.   Service Record When applying...
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A Conversation With Liberty Lending – USDA Loan Talk

When applying for a loan, it can be difficult to get the information that you need to narrow down your options. Even once you’ve determined the type of loan you need, such as a USDA loan, the questions about qualifications can seem endless. Here at Liberty Lending, we want to make the mortgage process as clear as possible. Our highly trained consultants are always ready to have a conversation that can help you figure out what works for you. If you’re interested in a USDA loan, here’s how a conversation with us might go: Homebuyer: So I think I’m finally...
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5 Questions To Ask When Choosing A Mortgage Broker

If you’ve started looking into getting a mortgage, you’ve probably realized that it’s a lot of work. But that’s no reason to worry – that’s why mortgage brokers exist. Everyday, they’re helping people just like you make the most of their mortgage. But before picking a partner that can help you do the same, it’s important to get a few answers. Here are some questions to ask any potential mortgage broker before you sign the dotted line. What is the application process like? Applying is more than half the battle when it comes to getting a mortgage, so you want...
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What Are The Differences Between FHA Loans And Conventional Loans?

  Finding the right kind of mortgage that works for you is one of the earliest and most important parts of the home buying process. Before you find the home of your dreams,  you need to figure out the best way to pay for it. Conventional loans and Federal Housing Administration (FHA) loans are both common options, especially for first time homebuyers. How do you decide which loan makes the most sense for you? Get started by understanding the differences between them so you can make the best choice for your financial future. Down Payment Both conventional and FHA loans...
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 Three Rules You Can Break When Refinancing Your Mortgage

Before making any major decision in life, it’s important to understand the rules that go along with it. Refinancing is no different. But sometimes, knowing which rules you don’t really need to follow can help you have the best results. So forget what you’ve been told: here are the rules you can break when refinancing your mortgage.   Save At Least 1% You don’t need to save at least 1% on your interest rate for refinancing to be worth it. Lowering that percentage even just a little bit will help put money back in your pocket. It all depends on...
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How To Get A St. Louis VA Loan in Four Simple Steps

Those who have made the ultimate sacrifice for our country deserve the opportunity to live in a home they’ve always dreamed of. That’s why we’re committed to providing competitive VA loans to veterans. The best part? It’s typically easier to qualify for VA loans than conventional mortgages, and with help from our expert loan consultants, we’ll make the process even easier. If you’re interested in a VA Loan in the St. Louis area, just check out the four-step process below.   Pre-qualification and Pre-approval Getting prequalified and approved is a simple but incredibly important step in the process. Pre-approval typically involves providing...
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How To Buy A Home In Six Simple Steps

Buying a home can be a pretty complicated process. And rightfully so – it’s a pretty major investment, no matter what or where you’re buying. But don’t let yourself get overwhelmed. Following these six steps below is a good way to wrap your head around what’s going to be a long, expensive and ultimately rewarding process. 1. Improve your credit score. Unless you’re flush with cash, you’ll most likely be getting a mortgage to help pay for your house. And to get a mortgage best suited for your needs, you’ll want to have the highest possible credit score. You can...
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5 Easy Mortgage Mistakes And How To Avoid Them

Even for the most financially sound people, maintaining a mortgage isn’t always easy. With such a significant amount of money on the line, keeping your mistakes to a minimum is more important than ever. However, even though some mortgage mistakes are easy to make, they’re almost just as easy to avoid. Follow this helpful guide below to ensure your mortgage stays in the best possible shape. Not Paying Attention to Credit Reports Sure, they’re not the most entertaining things to read. But not knowing the numbers on your credit report – and more importantly, not knowing what those numbers mean...
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