UMB Mortgage Lender
Jordan Randa
About Jordan
Since my career as a mortgage loan originator began in 2012, I’ve had the privilege of helping more than 1,000 families achieve their home-ownership goals. Customer service has always been one of my top priorities, and I take great pride in educating and serving my customers.
I proudly hail from Hays, Kansas, and feel blessed to have had the small-town experience some only see on outdoor lifestyle shows. In 2011, I moved to the Kansas City “Kingdom” and now call it home.
I never miss a chance to cheer on the local sports community and am an avid outdoor-adventure enthusiast. I’ll will try any athletic activity you throw my way. Even more important to me is time with friends and family. I’m a very proud father to my teenage daughter.
I look forward to working with you and helping you to feel part of the UMB family!
Mortgage Calculators
Use our mortgage calculators to help determine how much house you can afford, if refinancing your current mortgage is a good option and more.
-
Mid-year housing market update – Top questions answered
Read NowWe are in the thick of summer and the “hot” time of year for home buying and selling. Many of our clients are checking in with us to ask – “Are we through the demand slump? Are interest rates heading...
-
Mortgage 101: Start your home buying journey
Read NowThe decision to purchase your first home marks a significant milestone in life. However, in recent years, surging prices, higher mortgage rates, and a low supply of available stock have caused headaches for many first-time homebuyers. Despite the difficulties, buyer...
-
UMB offers a first time homebuyer program
Read NowUMB is committed to helping build and better the communities we serve. We are always looking for new ways to meet the needs of our customers, which is why we offer a first-time homebuyer program in five states. What is...
-
Quick guide: Home buying basics to know
Read NowHome buying: What you need to know Now that you’ve nailed down what you want in a home and you know what you can afford, it’s time to choose the right house. Depending on your region, there may be a...
-
Buying a home: Choosing the right mortgage loan for you
Read NowThere are many home loan choices. Finding the right lender will be the key to obtaining the information you need to make the right decision for your home financing situation. The pre-approval process should have uncovered many of the factors...
Apply with Jordan Today!
Questions about Mortgages? UMB has answers.
How much mortgage you can afford may be different from how much mortgage is right for you. It’s important to look at your total financial picture:
Estimate your monthly loan payment with the UMB mortgage loan calculator
There are several variables that impact a monthly payment: loan amount, mortgage interest rate and term of the mortgage (how many years it will take to pay off the mortgage).
Mortgage payments also typically include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI).
Take a realistic look at your income, lifestyle and priorities
To estimate how much total home loan you can afford, a general guideline is to double your gross annual income. But that’s a broad generalization. You might have other financial priorities, like travelling or paying off debt.
Maybe your priority is owning a larger home or living in a specific location. In this case, taking out a bigger home loan, still within your budget, may be valuable to you.
Speak to a mortgage loan officer
We’re here to support your homeownership goals and answer any questions. Feel free to reach out to the UMB mortgage team.
Mortgage insurance protects a lender in case a homeowner defaults on their home loan. Private mortgage insurance (PMI) covers the lender. But you have pay for it when you put down less than 20% for a conventional mortgage.
If you make at least a 20% cash down payment, you don’t have to pay PMI.
Refinancing your home mortgage could get you a lower interest rate. Or it might allow you to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage or to change the term of your loan.
If you’ve owned your home for a while, “cash-out” refinance of your mortgage may help you pay for home improvements or pay down debt with higher interest rates.
Refinancing replaces your original loan with a new loan
You pay the new refinanced loan according to the rate and terms of the new agreement. This may make sense for you, depending on how many months the ongoing payment savings will take to cover your upfront closing costs.
Analyze different refinance rates and scenarios using UMB’s Mortgage Refinance Calculator.
Feel confident in your refinancing decision
Refinancing entails much of the same fees and paperwork as an original home loan. As with the original mortgage interest rate, getting the best refinance rate today depends on a few factors, including your credit history.
To feel confident in your decision, it’s important to understand the basics of mortgage refinancing.
Today’s mortgage interest rates continue to make homeownership possible for many people.
UMB offers various competitive rate options. But knowing the exact rate depends on a borrower’s credit history and the term (length in years) of the home mortgage loan. To give you an idea of current mortgage rates, use the UMB Loan Comparison Calculator.
The rates included in this calculator are updated regularly to reflect the average mortgage interest rates today.
UMB supports your homeownership goals
For more information on mortgages and homeownership, check out these helpful links:
- Read more about homeownership on the UMB blog.
- Discover the range of UMB mortgage solutions, including specialty programs like first-time home buyer grants and down-payment assistance.
- Contact the UMB mortgage team.
You can easily estimate your mortgage payment with the UMB online Mortgage Payment Calculator.
Before you use the home loan calculator, have these things ready to input:
- Proposed loan amount (After your cash down payment, how much do you need to borrow?)
- Number of months/years you’d like to pay off your mortgage (For most home buyers, 360 months/30 years is typical.)
- Purchase price of property
- Estimated annual property taxes
- Estimated annual hazard insurance
- Monthly private mortgage insurance, or PMI (Include PMI if you’re making less than a 20% cash down payment.)