More Than Meets The Eye Here! 305 Wisdom St., Moberly MO MLS – 20-150

 

 

 

 

 

 

 

Nicely updated 3BR 1.5BA bungalow.

 

 

 

 

 

 

 

Enjoy one level living!

 

 

 

 

 

 

 

Spacious kitchen for cooking your favorite foods!

 

 

 

 

 

 

 

Lots of room for comfortable living!

 

 

 

 

 

 

 

Move in ready!

If you’re looking for an affordable modern family home,  you’ll want to check this one out. Call Advantage Real Estate in Moberly MO. 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stunning Family Home Tucked Away In A Quiet Setting 1147 Oxbow Lane, Moberly MO – MLS 20-59

 

 

 

 

 

 

 

 

Check out this home at 1147 Oxbow Lane in Moberly.  It has 4 BR and 3 Baths and is located at the end of a quiet cul de sac in town. 

 

 

 

 

 

 

 

You’ll love the view from the wall of windows here!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Updated kitchen, stainless steel appliances, pantry, island, so much workspace!

 

 

 

 

 

 

 

Wood flooring in master bedroom!

 

 

 

 

 

 

 

The master bath has been completely updated!

 

 

 

 

 

 

 

This den has a woodburning fireplace plus can double as an office if you like!

 

 

 

 

 

 

 

The lower level features a large rec room with walkout to the outdoors here!

 

 

 

 

 

 

 

 

 There’s no close neighbors in back except some wildlife…

 

 

 

 

 

 

 

 

 

 

 

 

 

The house sets back off the road at the end of a cul-de-sac.

Contact Advantage Real Estate to schedule a tour in person or by video!  660-263-3393

 

 

 

 

Home Loan or a Mortgage?

 

 

 

 

 

 

 

 

 

 

 

Did you know that a home loan and mortgage aren’t the same thing? Though often used as interchangeable terms, the two actually work together to finance a home. Many first-time buyers are unaware of this before entering the process. Knowing the difference ahead of time can help you to have a better understanding of the home buying process.

A home loan is the actual money that is taken out to buy a new home. Home loans typically are only used for residential properties and can be received through a financing company. There are different types of home loans and they can have either an adjustable or fixed interest rate.

A mortgage is all about legality. It is the legal documents that you sign that indicates how you will repay that home loan. A mortgage is a legal verification of your obligation to pay back your home loan in full to your lender. Your new home is the collateral and can therefore be repossessed by your lender when payments are not made. Because of this, a mortgage will always mean the same thing. While that is the case for mortgages, there are several different types of home loans. Here are those types:

Conforming:

Conforming loans will either be lower than or equal to the loan limit set. These loans conform to the basic standards of Freddie Mac or Fannie Mae. 

Jumbo:

Jumbo loans are usually only used to purchase high end real estate and exceed basic loan limits. These loans do not conform the basic standards.

Government: 

Backed by the federal government, the guidelines for these loans are often quite strict. They can be harder to obtain but usually have lower interest rates.

Conventional:

Backed by mortgage companies, conventional loans are what most think of when they hear about home loans. These loans usually have higher interest rates to make up for the risk taken by lenders.

If you’re looking to buy or sell a house, call Advantage Real Estate at 660-263-3393. Our friendly agents in Moberly MO can guide you thru the process of finding the right lender and new home for you.