Showing posts from March, 2017

6 Security Basics For Second-Home Owners

Owning a  second home at the Lake of the Ozarks can be a great way to enhance your summer vacation experience. As a the proud of owner of a second home, you'll never have to pay for a hotel, and you'll be able to minimize your packing efforts for each trip by keeping your home permanently stocked with all your vacationing essentials.  While its primary purpose is to serve as a vacation destination, your second home is a big investment opportunity as well. Home prices are on the rise, and interest rates are slowly but steadily beginning to climb again. As its value increases over time, your second home can become a powerful financial investment. In order for this investment to pay off, however, you have to take steps to protect your property. Protecting Your Second Home There are two primary aspects to protecting the value of your second home: maintaining it well by quickly addressing any needed repairs that come up, and protecting it from intruders. If natural disaste

What Millennials Need To Know About Buying A Home

While homebuyers range in age from early twenties to seventies, eighties, and above, Millennials are slowly but steadily beginning to dominate the housing market. After years of renting and/or living with their parents, many Millennials are preparing to make the leap into homeownership. If you are one of the young adults getting ready to buy your first home at the Lake of the Ozarks , Arrowhead Title, Inc. is here to help you prepare. Keep reading to find a quick overview of some basic facts you should be aware of as you move forward. You're Paying A Mortgage Either Way If you're like most millennials, one of the primary reasons you've waited to buy your first house is because you assume that you won't be able to afford a mortgage. However, the truth is that owning a house can be just as affordable as renting one. When you rent, your rent check goes to pay your landlord's mortgage (as well as enough extra to cover repairs and for your landlord to make a profi

St. Patrick's Day: 15 Little-Known Facts & Stats

When you think of St. Patrick's Day, what comes to mind? Many people think of shamrocks, bright green clothes and accessories, leprechauns, pots of gold, green beer, and various other holiday symbols and hilarities. However, there's more to this holiday than meets the eye. In honor of St. Patrick's Day, your favorite Lake of the Ozarks title company is using this week's blog to reveal some things you might not have known about this lucky holiday. St. Patrick's Day Facts 1.   Saint Patrick wasn't Irish. He became famous for introducing Christianity to Ireland, but he was born in Britain. 2.   In traditional Irish folktales, there are no female leprechauns. 3.   According to legend, Saint Patrick is credited with driving all of the snakes out of Ireland. However, the truth is that snakes never existed in Ireland because the climate is too cold for them to survive there. 4.   "Patrick" is not his original name. Before he changed it, the

Home Improvement Projects That Add Value To Your Home

While your home's primary purpose is to provide you with a safe place to live, it also provides a valuable opportunity to build your family's wealth. When you decide to move, the ultimate goal is to sell your home for more than you originally paid for it. This ability to turn a profit is generally directly tied to the overall health of the local housing market and the condition your home is in when you attempt to sell. However, there are things you can do to improve your home's value as well. If you are looking for ways to add value to your home, Arrowhead Title, Inc. is here to help. While there are no guarantees, these home improvement projects tend to be great ways to boost property value. Curb Appeal As much as we all try not to judge books by their covers, most people can't help but form judgments of homes based on the way they look from the outside. "Curb appeal" refers to the visual appeal a home possesses from the street. When you're t

Do You Need Title Insurance When Refinancing?

If you have been following our blog or social media, you are probably comfortably familiar with the importance of purchasing title insurance when buying a home. Title insurance is what protects your right to use and occupy the land you purchase by guarding against hidden hazards that may arise. Examples of these types of hidden hazards can include anything from invalid sales and unauthorized signatures to undiscovered heirs and mistakes in public records. Buying A Home Title insurance comes in two primary different forms: owner's polices and lender's policies. As their names suggest, owner's policies are specifically designed to protect the owner's interests, whereas lender's policies are designed to protect the lender's interests. When you take out a mortgage loan to purchase home, securing a lender's title policy will most likely be nonnegotiable. You will technically have a choice as to whether or not you wish to purchase an owner's title po