Darren Stewart

Buying or refinancing in Springfield, Missouri? What a fantastic opportunity this week, as mortgage rates continue to be very volatile at least we have hit a low point and we have locked in many loans that are 30 year fixed at outstanding rates. If your looking to refinance or purchase now is the time to move on this - prices on homes are fantastic in the area!!

OakStar Bank strives to deliver the best possible home buying experience or (refinancing) experience possible. If your paying more than 6% currently, I can do a free payment analysis to see what your saving or simply calculate how much more of a house you can buy if you are looking to move up. There is no obligation and it costs nothing to complete this!

Please feel free to contact me directly to discuss the amount you will save and see if this is the time to refinance.

Darren Stewart

OakStar Bank

417 447 7927

Government financing is something we have seen a resurgence in due to the alternative programs being no longer availalbe. Financing a home under an FHA loan minimizes down payment to 3% and allows for flexible underwriting.

We have the opportunity until the end of 2009 to obtain down payment assistance for anyone who qualifies on the program, normally this is reserved for first time home buyers however due to the economic stimulus and the granted powers to MHDC this year until the end of 2009 bond money is available even if you have previously owned a home.

I have posted previously the specifics on the program feel free to look at past blogs regarding MHDC Missouri Bond Money, its a great way to obtain the down payment without having to pay the bond money back if you live in the home for 5 years.

For more details, please feel free to give me a call.

Darren Stewart

OakStar Bank NA

417 447 7927

That one place where you can get away to, drive to, to relax get away from the stress and build memories- Branson, Missouri is one of those areas that you can get away to, whether your looking to spend a day fishing on the lake, hunting in the woods, or enjoying the magic of Christmas in front of the fireplace, Branson, Missouri is a great market to come to for a second home.

Shopping abounds, golf courses, theme parks, the lakes and enjoying the water it has something for everyone and is truly a getaway for those that need to seperate themselves from the metropolitan every once in awhile.

We can work with you on planning out the purchase of that vacation home, second home in the Branson area - we have a lot of options to finance a home for you and are experts at listening to what your wanting and planning to make your second home mortgage fit within your financial plans.

Whether your purchasing now or 6 months from now we can get started in researching the mortgage solution that would be right for you!

Darren Stewart

OakStar Bank

Being from Springfield Missouri, Branson has always held a special place full of memories of family outings to the major theme parks in the area, the lakes, and special times with our family members. My children now enjoy the magic of Branson Missouri, and we continue to create memories each time we visit, we live in Ozark, Mo just a few minutes from Branson. There have been some changes over the years and there are many exciting things happening today in Branson. The completion of the Branson Landing and the new airport scheduled to open May of '09 will bring even more families to Branson to enjoy all it has to offer.

Many folks over the years that have visited Branson, Mo have chose to come back to live or retire or simply purchase a 2nd home at the lake to allow them to make even more memories together with family.

Today is a great time to purchase a home in the Branson, Missouri market BEFORE next seasons big boom of travel and the opening of the airport in Branson. My belief is that demand for housing will increase in that area upon completion of the airport and prices of homes are great RIGHT NOW!

Even more exciting is that there are options to finance homes now in Taney and Stone County that may not be available if you wait until after 2009! The reason for this is that Missouri Housing Development Commssion has removed the requirement to be a first time home buyer in order to receive Bond Money until the end of 09 as part of the economic stimulus package in the area. The income limits and purchase price limits are also increased until the end of 2009 and these will be returning to previous levels at the end of 2009. This option would give you the down payment you need for your home purchase without that having to be paid back.

100% options are available in Branson, MO and Stone and Taney County, one of the best options available today on the market is the USDA Rural Development loan program, under this program your able to finance 100% of the loan purchase at a FIXED RATE FOR 30 years and no prepayment penalty! This program is excellent and allows for you to finance you purchase while not draining your savings or retirement for a down payment.

VA Loans - Branson Missouri will be opening up a VA clinic and that means even more veterans will be looking to relocate to Branson Missouri to live close and receive their medical benefits. The VA loan is the perfect option for you with 100% financing available through VA financing again at a fixed rate for 30 years with no prepayment penalties.

Even the IRS is offering an incentive this year to buy your first home by providing an option to obtain an interest free loan from them at tax time after you have bought your house. This could mean 7500 that you could use to pay down other debt your paying interest and transfer that to a loan that has 0% interest and is paid back in annual payments due when you file your taxes for the next 15 years.

FHA financing is also available that allows someone to get in a home with as little as 3% even with credit scores that may be below 620.

Options, Options Options, there are options available to finance a home in Branson Missouri, there are homes on the market in the area, if you are thinking about purchasing or refinancing or if you have any questions regarding the many options that are available to you please feel free to give me a call to discuss, and put together a plan for your home purchase, your 2nd home purchase, the place you will retire to or vacation at.

Darren Stewart

OakStar Bank

417 447 7927

I wanted to make sure that our business partners in Taney and Stone County were aware of the fact that bond money is availalbe to anyone who is looking to buy a home and they DO NOT need to be a first time home buyer from now until the end of 2009.

Missouri Housing Development Commission is waving the first time home buyer requirement until the end of 2009, and the income limits and purchase price limits have been raised until the end of 2009. This makes down payment assistance available to your home buyers and can be a crucial piece when financing your the purchase of a new home.

If you have talked with a client and their major barrier to homeownership has been lack of down payment please contact me for a solution to this issue for your clients - the bond program is a great way to provide funds to the borrower from the State of Missouri, as long as the borrower lives in the home.

My past blogs have gone into specific details on how the MHDC bond money program works, for more information please feel free to contact me at 417 447 7927.

Darren Stewart

OakStar Bank

417 447 7927