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.
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.
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.
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.
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.
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.
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.
Reviews (2)
Rebecca Donahue
Dec 29, 2013
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Jeannette Lato
Sep 15, 2013
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I used Jeff Gaona at St. Louis Mortgage to buy my condo. He explained all of my options after listening to my situation. The fact that he can use a variety of lenders made me feel like he had my best interest at heart. I have since refinanced with Jeff and am very impressed with his service and knowledge of the industry.
