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Title Insurance for New Construction: Do You Need It?

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There's a certain appeal to a newly constructed home that just hits differently than buying an already built home. Especially if you're making building a custom home where you can hand-select all the features, amenities, and appliances you'd like. Although, there are a few more intricacies to new residential construction. So, as the best title company at the Lake of the Ozarks , Arrowhead Title thought it fitting to showcase a way to help protect your investment - title insurance! Read on to learn a few reasons it's beneficial to purchase title insurance on your new construction! Land Ownership When purchasing land to build on, it's important to ensure that the parcels of land are correctly divided and recorded. While your new home will not have had any owners before you, the same cannot be said about the land you're building on. There could be a complicated history of ownership of the land and obtaining title insurance is one way you can protect yourself from

Size Matters: A Guide to Buying the Right Size Home for You

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Are you thinking about buying a home at the Lake of the Ozarks , but not quite sure how much space you'll need to live comfortably? It can be difficult to visualize the living difference between a 1,500 sqft and say a 2,000sqft home if you don't have a way to reference and compare side by side. As the best title agency at the Lake of the Ozarks , Arrowhead Title sees it fitting to give a few tips to help you determine the perfect size home to suit your needs. Continue reading to learn more! Your Type of Lifestyle One of the first things to consider is what type of lifestyle you're planning on living out in the home. If you're growing your family and having children or plan on regularly entertaining guests, you'll want to opt for a larger space. However, if it's just you and the spouse/significant other, you can likely get by with less space to live comfortably. Other considerations such as a home office/recreation room, storage capabilities, extra bedrooms/bath

All you Need to Know About Closing Costs

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 When buying a home at the Lake of the Ozarks , or refinancing an existing mortgage, there are several different costs associated that you may not be aware of. You'll have fees from your mortgage lender, interested third parties such as title companies and insurance agencies, as well as realtors fees (on a purchase.) As the most trusted title company at the Lake of the Ozarks , we know that it's essential to understand all the costs associated with buying or refinancing. Therefore, we're here today to shed a little light on closing costs and what you need to know about them. What are Closing Costs? Closing costs can vary for every real estate transaction, but there are some general fees that are the "cost of doing business." This ensures that all necessary information is complete for a smooth and successful closing. Below are a few of the general costs you can expect to see at the closing table: Loan origination fees Title insurance & search fees Underwriting

A Few Tips to Help Get you Ready to Buy a Lake Home!

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Buying a home at the Lake of the Ozarks is as exciting as it is rewarding! We have beautiful homes, top-notch entertainment, and a great community. However, when you try to conquer the real estate process on your own, you can run into many challenges. As the best title agency at the Lake of the Ozarks , Arrowhead Title is here to give you a few tips to help you prepare for buying that lake home! Review Your Finances The first step in buying a home is to review your finances. This allows you to make educated decisions when weighing out housing options. After you review your current financial situation and prepare a potential budget for the new home. Be sure to factor in ALL the costs associated with homeownership such as down payment, closing costs, insurance, etc. Not to mention the recurring costs of homeowner's insurance and real estate taxes that will be associated with the home after closing.  Contacting a mortgage lender for a prequalification or preapproval can be a great as

The Causes & Effects of "Clouds" on Title

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 One key step in the buying and selling of real estate is the transfer of real estate . After all, after buying or selling a home, you'd expect to be given or removed from ownership rights to the property, correct? Well, unfortunately sometimes there are issues that arise that cause issues or "title defects." These defects are referred to as a "cloud on title." Your premier title company at the Lake of the Ozarks  is here today to tell you all about "clouds" and how you can mitigate and rectify them What is a "Cloud" on Title? The term "cloud" is synonymous with "title defect," referring to any issues with a title that may cause reasonable buyers to become hesitant to purchase the property. A "cloud on title" is any item that could compromise or cast doubt on the validity of the title. Here are some examples of items that could cause a "cloud on title:" Any outstanding lien or encumbrance Recording erro

The Season of Property Taxes

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 This is the time of year to enjoy holiday celebrations, shopping... and of course, property taxes! While property taxes aren't the most enjoyable thing about this holiday season, they are an important part of your obligations this time of year. If you're a little confused as to what personal property taxes are and why you should pay them, the best title company at the Lake of the Ozarks , Arrowhead Title is here to shed a little light on the topic. Read on to learn more! Personal Property Tax? First, let us start by defining what personal property taxes are. Personal property taxes are forms of taxation on what is deemed to be personal property. Personal property can be defined as any movable property that is not attached toa home or building, including motor vehicles, boats, and aircraft. The utilization/disbursement of these tax dollars may vary by state, but generally cover: Local school district The State The County Local fire department Local road district Local libraries

4 Reasons You'll Love the Lake Lifestyle

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 There are a lot of benefits that come with living at the Lake of the Ozarks. While it's known as a summer vacation destination, it's actually much more than just that. The Lake holds year-round opportunities and activities that you'd be hard-pressed to find anywhere else. Arrowhead Title, the best title company at the Lake of the Ozark  has been living life at the Lake for over 35 years. We're here today to share a few of the reasons we believe the Lake of the Ozarks is THE place to be. 1. Living Waterside Living by the water is believed to have health benefits associated with it. It's rumored that the presence of water in your daily life can help reduce blood pressure, decrease stress, and increase blood flow to the brain. Where do we sign up!? When these elements of life come together, your result is a longer, healthier lifestyle. The Lake of the Ozarks is the perfect place to work and relax, all in one beautiful package. 2. Natural Beauty The natural beauty of t