At St. Louis Mortgage Consultants our core philosophy is to develop and maintain a lifetime relationship with all of our clients. With St. Louis Mortgage Consultants, you will get a local representative that has your best interest in mind. Our goal on a daily basis, is to provide the most efficient and competitive mortgage loan products available in today's market driven by professional advice and personal service.
Owners Jeff Gaona and Mike Kraus have a combined 30 years of management and ownership experience in the mortgage industry, specializing in FHA, jumbo and conventional loans. We have over 3000 satisfied customers coupled with zero complaints with the Better Business Bureau. We always offer a free good faith estimate and credit report up front to answer all of your questions.
As your trusted partner in the lending process, St. Louis Mortgage Consultants will provide you with clear, concise and accurate information throughout your loan process. We believe that both our experience and creativity are a winning combination that allows us to close the deal for you.
Owners Jeff Gaona and Mike Kraus have a combined 30 years of management and ownership experience in the mortgage industry, specializing in FHA, jumbo and conventional loans. We have over 3000 satisfied customers coupled with zero complaints with the Better Business Bureau. We always offer a free good faith estimate and credit report up front to answer all of your questions.
As your trusted partner in the lending process, St. Louis Mortgage Consultants will provide you with clear, concise and accurate information throughout your loan process. We believe that both our experience and creativity are a winning combination that allows us to close the deal for you.
Services
Conventional loans work best when you have more than 10% equity or down payment, and you have higher credit scores.
Conventional loans can also be used for a greater variety of property types and loan purposes.
If you have less than 20% equity, you are required to have mortgage insurance, however, depending on the loan-to-value and your credit scores, the mortgage insurance can be very inexpensive.
If you have at least 20% equity or are making a 20% down payment, then Conventional loans are hard to beat.
Conventional loans can also be used for a greater variety of property types and loan purposes.
If you have less than 20% equity, you are required to have mortgage insurance, however, depending on the loan-to-value and your credit scores, the mortgage insurance can be very inexpensive.
If you have at least 20% equity or are making a 20% down payment, then Conventional loans are hard to beat.
Whether you're looking to buy a new home or refinance an existing home loan, St. Louis Mortgage is your best source for jumbo loans.
We specialize in jumbo and non-conforming mortgages as our jumbo mortgage financing interest rates are well below the national average and have the added benefit of low down payment options.
Through our exclusive relationship with Associated Bank, we are offering the best Jumbo mortgage rates in Missouri.
How do you find the best Jumbo loan rates in Missouri?
To answer this question, we first need to understand what makes a loan a Jumbo Loan or a Jumbo Mortgage.
We specialize in jumbo and non-conforming mortgages as our jumbo mortgage financing interest rates are well below the national average and have the added benefit of low down payment options.
Through our exclusive relationship with Associated Bank, we are offering the best Jumbo mortgage rates in Missouri.
How do you find the best Jumbo loan rates in Missouri?
To answer this question, we first need to understand what makes a loan a Jumbo Loan or a Jumbo Mortgage.
If you qualify for a VA loan, there are several significant advantages VA loans hold over the conventional mortgage.
No down payment: Because the Department of Veterans Affairs guarantees 100% of the loan, you are not required to place a down payment on the purchase of your home.
This can be a great advantage if you do not have significant savings for your down payment, or if you simply want to invest those savings elsewhere.
According to statistics provided by the VA, more than 91% of buyers with a VA loan forgo the down payment.
No down payment: Because the Department of Veterans Affairs guarantees 100% of the loan, you are not required to place a down payment on the purchase of your home.
This can be a great advantage if you do not have significant savings for your down payment, or if you simply want to invest those savings elsewhere.
According to statistics provided by the VA, more than 91% of buyers with a VA loan forgo the down payment.
If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP).
HARP is designed to help you get a new, more affordable, more stable mortgage.
The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
Even if you are really far underwater on your mortgage you can use HARP!
HARP is designed to help you get a new, more affordable, more stable mortgage.
The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
Even if you are really far underwater on your mortgage you can use HARP!
Ever heard the old rule of thumb, you should only refinance if your new interest rate is at least two points lower?
That may have been true years ago, but with refinancing dropping in cost over the last few years, it's never the wrong time to think about a new loan!
Refinancing has a number of benefits that often make it worth the up-front expenditure many times over.
When you refinance, you might be able to lower your interest rate and monthly payment - sometimes significantly.
You might also be able to "cash out" some of the built-up equity in your home, which you can use to consolidate debt, improve your home, take a vacation - whatever!
That may have been true years ago, but with refinancing dropping in cost over the last few years, it's never the wrong time to think about a new loan!
Refinancing has a number of benefits that often make it worth the up-front expenditure many times over.
When you refinance, you might be able to lower your interest rate and monthly payment - sometimes significantly.
You might also be able to "cash out" some of the built-up equity in your home, which you can use to consolidate debt, improve your home, take a vacation - whatever!
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