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McGowan Mortgages. Your Kansas City Mortgage Broker

Trusted Mortgage Experts in Kansas City, MO
Open today until 7:30 PM
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Comparing Conventional Loans to FHA, USDA, and VA Loans in Kansas City

While conventional loans are just one option for securing a mortgage, it isn’t your only option when it comes to buying a home. So how do conventional loans compare to these other options, namely FHA, USDA, and VA loans? Rea...

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Is a Conventional Loan right for You when buying a Home in Kansas City?

If you’re planning on living in the home you purchase for many years and want to know what your monthly mortgage payment will be throughout the duration of your home loan, a conventional loan may be your best option. Conver...

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Facts regarding VA Home Loan Pest Inspections in Kansas City

The first step involved in VA home loan pest inspections is determining what the requirements are in your geographic area. The likelihood of having to have one is higher in some regions and may not be required on some VA loan requirem...

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What are the Requirements for a VA Jumbo Loan in Kansas City?

A VA jumbo loan amount exceeds the loan limit of conventional loans and can help you buy a home in a more affluent area. Consequently they have different qualification requirements compared to standard VA home loans as follows:

• Be...

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10 Aspects of VA Home Loans to be aware of in Kansas City

When considering a VA home loan, there are 10 aspects you need to be aware of:

• Bank statements, a COE (Certificate of Eligibility), employment verification, proof of income, and tax returns are required when applying for a VA home loan...

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Top 5 Benefits of Cash-Out Refinancing in Kansas City

Your home loan gets replaced with a new mortgage with a cash-out refinancing loan. This enables you to take the equity in your home and turn it into cash. In other words, you’re borrowing more than what is owed on your home and taking the d...

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Advantages and Disadvantages of Refinancing a Home Equity Loan in Kansas City

Homeowners often ask if their existing mortgage can be refinanced with a home equity loan. While this isn’t a common practice, it’s possible to do so. If you’ve built up a lot of equity in your home, this makes finan...

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Should You Refinance Your Home in 2024 in Kansas City?

In most cases, homeowners can benefit from refinancing their mortgage in 3 different ways including:

• eliminating private mortgage insurance (PMI)
• lowering their interest rate
• reducing the term of their home loan

As the coronavirus pa...

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6 Reasons you need to work with a Mortgage Broker when buying a Home in 2024 in Kansas City

For many Americans, buying their first home is a dream come true. So if you’re planning on buying a home next year (2024), here are 6 reasons to consider working with a mortgage broker:

Mortgage broke...

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2 months ago
Derek’s team was phenomenal. From start to finish, very informative, communicative & led with professional advice & experience. We started the process on Aug 29th 2023 & closed on Sept 29th exactly 30 days. The supporting groups (titling/closing) we’re also amazing! Thanks Derek, Steven, Fidel & Team
- Kabi S
2 months ago
Derek and the team at McGowan Mortgages are very pleasant to work with. Always responding to questions and concerns immediately, Derek was able to find us the lowest possible interest rate during these tough economic times and save us a ton of money. They walked us through every step of the home buying process and made it easy to understand while looking out for our best interest. Definitely would recommend
- Lane B
3 weeks ago
We are so Glad we found Derek during our house hunting journey. After talking to a few lenders McGowan definitely out beats them all! Being first time home owners the team went above and beyond with explaining the whole process and would answer our calls to answer all our questions which made the process so much easier. We definitely recommend to everyone!
- Yesenia S

Your Home Loan Expert in Kansas City

Advantages of Working With a Licensed Mortgage Originator

Choosing a mortgage is easy with McGowan Mortgages. There are many things to consider and many options to weigh, and we are with you every step of the way. 

If you want the best mortgage for your unique situation, there's no other option but to buckle down and get it done. Or, you could let a licensed mortgage loan originator do the work for you.

Working with a trusted mortgage originator gives you access to several advantages that make it much easier to choose the right loan. Below, we look at the perks of working with a licensed mortgage professional: 

You Stand to Save a Lot of Money by Working with A Mortgage Professional

Many people think they can save money by working with an inexperienced mortgage professional. You stand to save a lot of money by working with a mortgage professional. In fact, if you do not use a professional, there is a good chance that you will end up paying more than you should.

Mortgage Professionals Have Access to Special Rates and Programs Unavailable to The Public

Sometimes, these programs can result in significant savings for homeowners who work with them. One of the most important things you need to know about mortgages is that they are complicated. 

Unless you have experience working with loans, there is no way for you to understand everything involved in this process and make sure that everything goes smoothly.

You should also know that mortgages differ from other loans because they require a lot of paperwork, and paperwork errors can cost borrowers a lot of money. 

Therefore, borrowers need to hire professionals familiar with these types of loans and know what needs to be done at every step.

A Mortgage Broker Will Take on The Legwork and Paperwork for You, Giving You More Time To Focus on Other Things

When buying a home, finding the time to do all the legwork involved with getting pre-qualified or pre-approved is hard. A mortgage broker can take away some of that burden and make the process easier.

When you work with a mortgage broker, they can guide you through the entire process of getting pre-approved or pre-qualified for a loan. 

This includes gathering your financial statements and paperwork, putting together an application package, submitting it to lenders, and negotiating on your behalf. They also work with realtors to get you into homes within your price range.

A Mortgage Broker Can Help You Determine Which Type of Mortgage is Best For Your Needs

A mortgage broker works on behalf of the borrower, not the lender. They are not required to work with a specific lender to shop for the best deal. Their job is to find you the best mortgage that meets your requirements. 

A good mortgage broker will explain all the different mortgages and how they work so that you can make an informed decision about which one is right for you.

A good Kansas City mortgage lender will also be able to tell you about any discounts or incentives offered by various lenders and banks, as well as other options such as home equity lines of credit (HELOCs), second mortgages, and debt consolidation loans that may be available besides traditional mortgages.

When looking for a real estate lender, you will want to ensure that your broker is licensed as a mortgage originator. Why? The answer is simple: many laws protect you as a consumer from unscrupulous business practices, and there is an additional layer of protection when dealing with someone with a license in the field they are providing business to consumers. 

McGowan Mortgages is a licensed mortgage broker Kansas City whose reputation is built on integrity, professionalism, and the ability to keep transactions on track. To find out more about us, contact us today.

The best mortgage broker in Kansas City is McGowan Mortgages and they are proud to serve nearby locations.

Learn More About McGowan Mortgages by Visiting our Brand Profiles:

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  • (816) 631-9687


Get directions
800 East 101st Terrace Ste. 350B
Kansas City, MO 64131

Business Hours

Mon:8:00 AM – 7:30 PM
Tue:8:00 AM – 7:30 PM
Wed:8:00 AM – 7:30 PM
Thu:8:00 AM – 7:30 PM
Fri:8:00 AM – 6:00 PM
Sat:10:00 AM – 4:00 PM
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