Simply stated, at American Mortgage Corporation we lend money.  We give our clients the best deals.  We make it EASY, QUICK, and FUN.  Has any other mortgage company told you that obtaining a mortgage could be FUN?

Stuart will do everything in his power to make buying your home or refinancing your current mortgage an EASY, PLEASANT experience.

 No kidding!

He'll meet you at your office in Lake St. Louis, in the parking lot of your daughter's ballet recital in Hannibal, on your bus trip to the wineries in Augusta.  He'll come to your house in Chesterfield, your shop in South City, your horse farm in Troy.  

He once waited for a surgeon as he came out of an emergency 2am procedure because he knew the physician would have to sleep the next day and not make his appointment.  

Does the word MORTGAGE scare you?

Mortgages can be SIMPLE

 

 

honest. available. local.

Mortgage

Conventional

VA

USDA

ARM

Refinance

HARP

The Home Affordable Refinance Program is a government sponsored initiative updated in October of 2011 by President Obama in response to the needs ofhomeowners suffering during the mortgage crisis.

Home Equity Loan

Lower your current interest rate

Shorten the length of your mortgage

Finance major expenses like home improvements, college tuition, or a dream vacation.

 

Should you get pre-qualified or pre-approved?  What is the difference?  Which is better?

What to Bring to Your Application

In order to pre-qualify for a mortgage loan, clients supply a lender with general information regarding their income, debt, assets and credit.  Clients are then given an approximate amount for which they may qualify.  It's not a guarantee and is not necessary, but it is a quick easy way to find out how much home to shop for.  

 

A pre-approval gives clients an exact amount after a formal loan application is made.  It's more in-depth than pre-qualifying and also speeds the closing process.

 

If you find your dream home and are caught in a bidding war, having your financing in place and a pre-approval letter in hand gives you a much better chance of success.  It shows the seller you are serious

 

  • Residence history for the past 2 years

  • Names and addresses of each employer for the past 2 years

  • Previous 2 year's W-2's  and current month's pay stubs

  • Names, addresses, account #'s and balances of checking and savings accounts

  • 3 most recent month's bank statements

  • Names, addresses, account #'s, balances, and monthly payments for all open loans

  • Addresses and loan information of other real estate owned

  • First mortgage year-end statement

  • Loan papers on present 2nd mortgage (if applicable)

  • Funds for credit report and appraisal

  • Driver's license and social security card

  • If self-employed, 3 years complete signed Federal 1040's

  • If applying for a VA loan, Certificate of Eligibility and DD214

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