Mortgage Calculators to help you Manage your Finances!!

When it comes to your financing needs, I'm committed to working with you every step of the way.  As your Lake of the Ozarks Mortgage Lender, I will discuss financing options, offer competitive interest rates and back it up with the FIRST Class Service you deserve....I guarantee it!!  

To help you navigate your financial needs and concerns, I also offer some great tools on my website to help you manage your finances.  The following online calculators serve as helpful tools during the process of getting a Lake of the Ozarks Mortgage Loan.

Payment/Amortization
Calculate your monthly payment and see how the principal is paid over time.

Rent vs. Own
Calculate the difference between renting and buying a home.

Annual Percentage Rate (APR)
Calculate the APR for fixed-rate or adjustable-rate loans.

Debt Consolidation
Determine if you can consolidate your debt by combining it with your home mortgage.

Prepayment Savings
Find out how soon you can pay off your mortgage by making a prepayment.

Early Payoff
Determine the additional monthly payment amount needed to pay off the loan sooner.

Refinance Break-Even Point
Find out how long it will take to "break-even" on a refinanced loan.

Tax Savings
Determine the estimated tax savings with a new loan.

These calculators can be helpful tools, however, when you are ready to get a Lake of the Ozarks Loan, be sure to give me a call for competitive rates and first class service!!

For resources and tips on financial services, please 
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Michael Lasson
Sr. Residential Mortgage Lender

2140 Bagnell Dam Blvd, Suite 303B
Lake Ozark, MO 65049
Direct:  (573) 746-7211
Cell: (573) 216-7258

Fax:(573) 693-9141
Email:  mlasson@fsbfinancial.com
NMLS #: 493712

The Benefits of VA Loans and First Time Home Buyer Loans

Last week, I discussed the benefits of the FHA Loans and the USDA Loans - this week I will continue the theme by discussing the benefits of VA Home Loans and First-Time Home buyer Programs. Each loan has it's benefits and will be applicable to different scenarios.  As your Lake of the Ozarks Mortgage Lender, I can discuss your options and help you choose the right loan program for your situation.

VA Home Loans - with favorable terms, competitive interest rates, and no monthly mortgage insurance premium, VA Loans are desig
ned to make home ownership more affordable for qualified U.S. veterans.

Benefits of a VA Loan:

• Up to 100% financing
• NO monthly mortgage insurance premiums due
• NO pre-payment penalties
• Low closing costs
• In-house processing and underwriting

First-Time Homebuyer Program - Our First Place Loan program gives first-time home buyers and qualified veterans the edge they need to purchase a home.  Affordable interest rates, in combination with additional incentives offered by the Missouri Housing Development Commission (MHDC), allow prospective buyers to obtain mortgage financing in a competitive market.

Benefits of MHDC First-Time Homebuyer Loans:

• 3% cash assistance loan for down payment and closing costs
• Fixed-rate mortgage
• FHA, VA, USDA Rural Development, Fannie Mae qualified
• In-house processing and underwriting
• First-time home buyer requirements are waived for qualifying veterans and for homes purchased in targeted areas

I hope this information is helpful to you but I realize you may need more information.  Feel free to give us a call - we can set up a time to answer all of your questions and discuss which Home Mortgage Loan option is right for you!!   My contact information is listed below!  

Be sure to check out last weeks blog where I covered the benefits of  - I will covered the benefits of the FHA Loans and the USDA Loans!

For resources and tips on financial services, please 
LIKE my Facebook Page, Follow me on Twitter or Connect on LinkedIn

Michael Lasson
Sr. Residential Mortgage Lender

2140 Bagnell Dam Blvd, Suite 303B
Lake Ozark, MO 65049
Direct:  (573) 746-7211
Cell: (573) 216-7258

Fax:(573) 693-9141
Email:  mlasson@fsbfinancial.com
NMLS #: 493712