Showing posts from December, 2016

5 New Year's Resolutions For The Prospective Homebuyer

Whether you are buying your first home or selling your current house and buying a new one, there will likely be a seemingly endless list of tasks and copious amounts of paperwork along the way. If you approach the process correctly, however, it doesn't have to be challenging. Our  Lake of the Ozarks title company  is here to help. If you are considering buying a new home in 2017, you can set yourself up for success by adopting the following New Year's Resolutions. 1. I Resolve To Not Open Any New Lines Of Credit When you are applying for a mortgage loan, your lender will carefully evaluate all aspects of your financial situation.  Having a stable credit history is important, as it demonstrates to lenders that you are reliable and trustworthy. If you are preparing for the possibility of taking out a mortgage loan, you'll want to keep your finances solid and constant. This is especially critical once you begin applying for a mortgage loan, as opening n ew lines of cr

What Is The Purpose Of A Title Search?

We talk frequently about the multitude of tasks and details that must be attended to during the process of buying real estate at the Lake of the Ozarks . We frequently mention the title search as a part of this process, but we realize that many of our readers may not have a clear, accurate understanding of the title search and how it relates to the overall real estate process. This week, we're delving deeper into the title search and the important role it plays in the process of buying property in Camden County MO (or anywhere else, for that matter). The Title Search - An Overview Before a home can be sold, a title search must be performed. When conducting a title search, our team carefully combs through a variety of documents and public records in search of important information that may apply to the title in question. These may include (but aren't necessarily limited to) records by surveyors, tax assessors, recorders of deeds, and county courts. Title searches serve t

4 Reasons To Buy A Home This Winter

Whether it's your first, second, or even third home, the decision to take the plunge and buy a new home is usually a little intimidating. As the homeowner, you will be responsible for keeping up with the mortgage payments and all the other expenses associated with running a household (insurance, utilities, taxes, etc). However, when you time your home purchase correctly, balancing all of these financial responsibilities becomes more manageable. Keep reading to learn why this winter might be the perfect time for you to buy a house at the Lake of the Ozarks . 1. Interest Rates Are Rising (But Still Low) Interest rates have a huge impact on the affordability of mortgage loans. According to a survey by Freddie Mac , the average interest rate for a 30-year fixed rate mortgage is currently 4.13%. This time last year, the average rate was 3.95%. Rates are beginning to rise more swiftly, however; the average rate was 4.08% just one week ago. While these numbers are still remarkably lo

What Happens If You Don't Pay Your Personal Property Tax?

It's that time of year again! 'Tis the season for holiday gatherings, Christmas shopping, and - unfortunately - property taxes.  Most people have already received their 2016 property tax statements. While it's safe to assume that no one looks forward to paying their property taxes, keeping up with these payments is absolutely essential. Arrowhead Title, Inc. is here to help you understand your property taxes and what happens if you fail to pay them. What Is Personal Property Tax? Personal property tax is a tax that is levied against tangible property that you owned at some point during the tax year. Examples of tangible property include houses,  land, additional properties, boats, waverunners, cars, trucks, RVs, and motorcycles. Exactly where and how your tax dollars will be used may vary slightly by state and county, but generally recipients may include: Local road districts The local library The State The County The local fire district The local schools