Address: 1950 Craig Road, Suite 100 St. Louis, MO 63146


FHA? What Do You Say?

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 require reasonable...
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Are Mortgage Rules Made to be Broken?

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. (Don’t) 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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Zero to VA Loan in 4… 3… 2… 1!

Those who have made the 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.   1. Pre-qualification and Pre-approval Getting prequalified and approved is a simple but incredibly important step in the process. Pre-approval typically...
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Lock It in, Lock It in!

It is important to lock in your mortgage rates as quickly as possible if you have found your best possible option. A mortgage rate is the rate of interest charged on mortgage payments. This rate is determined by the lender and can either be fixed or variable. Mortgage rate locks typically last from around 30 to 60 days. If you are working with your mortgage broker, chances are you are in good hands. Liberty Lending Consultants will work with you to provide the best possible rates that will supply your needs. If you are not working with a mortgage broker,...
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FHA? What’s that stand for, Fancy House Animals?

At Liberty Lending Consultants, we offer FHA loans with competitive rates. Unless you have a background in finance, banking, or lending, you may not know exactly what FHA loans are. There are many types of loans with specifications that appeal to different borrowers. FHA stands for Federal Housing Administration. The FHA is a governmental agency that facilitates financial support within the mortgage market, as well as improve housing standards and conditions. If the borrower for some reason is not able to pay back the loan and defaults on the mortgage, the Federal Housing Administration will protect the lender from some...
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Why Should I Trust a Mortgage Broker?

Buying a home isn’t a solo endeavor. As much help is necessary at every step of the way, closing the deal on your dream house requires someone with a special skill set: a broker. Aside from the fact that it’s their job to help you get the best deal, brokers can offer much much more. They’re paid to help you Brokers don’t get paid until you close the deal on a house, so they’re just as incentivized to sign on the dotted line as much as you are. If they don’t make sure your closing process goes as smoothly as...
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Why Inspect? Check These 5 Reasons and You’ll Come Correct!

Even if you’re ready to sign the papers and close the deal on your new dream home, it’s important to make sure one more thing gets done: the home inspection. Why get a home inspection BEFORE buying the home? While it might seem like overkill, getting a home inspection performed can help you avoid five pretty major mistakes moving forward. 1. Losing Leverage The information you learn during a home inspection can help make sure that you have leverage when negotiating a deal moving forward. If you didn’t know that information before, it become more difficult to get the deal...
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Need a VA Loan in St. Louis? It’s as easy as 1, 2, 3!

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 for...
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