Showing posts from April, 2016

Understanding Reverse Mortgages For Heirs: Questions 1-5

So, your family member is considering a reverse mortgage. What does this mean for them and for you? Well, reverse mortgages involve a lot of detail - too much for a simple blog post. Details (and accuracy) are essential to the team at Arrowhead Title, Inc. , however, and we’ve collected the answers to questions most frequently asked about reverse mortgages here for you. This post answers questions one through five - check back next week to get the answers to the remaining five questions! 1. How Will This Affect Any Inheritance? While tapping into their equity, your parents’ home may  be appreciating in value, which could allow for some equity left at the end of the loan. They are also able to live comfortably without having to depend on family members to support them. 2. What Happens If The Loan Balance Becomes Greater Than The Value Of The Home? The Home Equity Conversion Mortgage (HECM) is a non-recourse loan, which means that the borrower can never owe more than what the

12 Reasons To Get Title Insurance

When unexpected issues arise that may threaten your right to use and occupy your home, title insurance is your first (and sometimes) only line of defense. As the owner of your own home, you're counting on your right to use your land as you wish. If something threatens that, it can cost you a great deal of time, energy, and money. Fortunately, Arrowhead Title, Inc. is here to provide you with title insurance at the Lake of the Ozarks to protect all of your real estate investments. 12 Reasons To Get Title Insurance The list of potential hazards that may threaten your right to the title of your property are practically limitless. Here is a general overview of twelve things that title insurance can help protect you from. 1.   Titles are often dependent upon several different documents. If there is an error in any the way of these documents were written or recorded, your right to the title may be threatened. 2.   The deed, mortgage, or sale may have been authorized by an

This Year's Spring In-Water Boat Show

Last week, we talked about the fantastic benefits that living at the Lake of the Ozarks offers . As we mentioned, being able to access to the water year-round is one of the primary perks Lake residents get to enjoy. Even if you've been able to enjoy the water all year, however, you're still probably super excited that the weather is warming up and you'll finally get to enjoy some hot summer boat rides again. If you're gearing up for another great season on the water, the team at Arrowhead Title, Inc. is here to provide you with all the details on a specific event you won't want to miss! Photo Credit: LOMDA Spring In-Water Boat Show - Event Details DATES:   Friday-Sunday, April 15th-17th, 2016 LOCATION:   Dog Days Bar & Grill ADMISSION:   $6 for adults, FREE for kids ages 12 and under SHOW HOURS: Friday: 1pm-7pm Saturday: 10am-7pm Sunday: 10am-4pm Photo Credit: In addition to being a great time for the whole fam

Why Live At The Lake?

You could move anywhere in the country (and maybe even the world). Why should you choose to move to the Lake of the Ozarks ? Believe it or not, the Lake Area offers several immense benefits to year-round homeowners. Keep reading to learn more about some of the great reasons to buy a house at the Lake. Varied Housing Options The Lake Area offers countless different housing opportunities. From condominiums to apartments to duplexes to private homes, you're sure to find something you need at a price that fits your budget. The Lake of the Ozarks Regional Economic Development Council is currently performing an in-depth housing study to continue to improve our housing situation here at the Lake. Quality Healthcare Lake Regional Health System is provides quality comprehensive healthcare to residents all around the Lake Area. From extensive cardiac services (such as catheterization, rehab, and open-heart surgery) to cancer treatment to primary and urgent care, Lake Regional