Showing posts from May, 2017

How Homeownership Boosts Family Wealth

America is heralded as a land of promise and potential. It is a land where anyone can become "someone," as long as they're willing to put in the dedicated time, energy, and effort required to do so. Owning your own home has long been considered an integral part of the American Dream, and for good reason. Studies repeatedly demonstrate that homeownership is a powerful way to build household wealth. This week, Arrowhead Title, Inc. is here to take a closer look at the evidence and discuss how owning a house at the Lake of the Ozarks may help you boost your family's wealth. Increasing Rent Prices One of the most immediate ways that homeownership helps boost familial wealth is by enabling families to lock in mortgage rates that will remain consistent throughout the duration of the loan (often 15, 20, or 30 years). Conversely, lease agreements typically only last for 1-2 years, at which point a new contract will need to be signed if the tenants wish to remain on

The No. 1 Question All Homebuyers Need To Ask Themselves

Buying a home is a huge milestone in life. There are multiple factors to consider and several different questions you should ask yourself in order to determine whether or not the home you have chosen will be a good investment and if it will serve your family's needs for years to come. Out of all the questions you can (and should) ask yourself, there is one that is more important than all the rest. The answer to this question will impact your future in more ways than you may realize at this point in time. How much home can I afford? This question is multi-faceted. The first answer that comes to mind may not in fact be as accurate as it seems. This week, our Lake of the Ozarks title company is here to explore some of the different factors that will influence your true answer to this question. Mortgage Payment Your monthly mortgage payment is the most obvious cost that new homeowners face. The size of your mortgage payment will depend on several different factors, such

8 Examples of Potential Title Hazards

A house is quite possibly the largest purchase you will ever make in your lifetime. With so many dollars on the line, it's important to make sure your investment is protected. There are several things people to do protect themselves as homeowners, such as thoroughly reviewing the inspection to identify potential issues and purchasing homeowners insurance to guard against the financial loss that may result from a fire or natural disaster. These two examples aren't the only pieces to the puzzle, however; this week, Arrowhead Title, Inc. is here to reexamine another important aspect of protecting your investment. How Title Insurance Protects Your Investment Title insurance provides one-of-a-kind protection for property owners and lenders. Whereas other types of insurance focus on the potential of financial loss relating to the property itself, title insurance guards against financial loss that may relate to a owner's right to use and occupy his land. It also protects l

6 Common Mistakes First-Time Sellers Make

Many professionals talk frequently about the unique challenges people face when buying their first homes, and less attention seems to be given to people trying to sell their homes for the first time. Nevertheless, selling your home can be a daunting task, and it's important to give plenty of attention and resources to first-time sellers. Since we blogged about some common mistakes of first-time homebuyers last week, it seems only fitting that our Lake of the Ozarks title agency finish the conversation this week by addressing some of the common mistakes people make when selling their homes for the first time.  1. Not Taking Enough Listing Photographs It's true what they say - a picture is truly worth a thousand words. If buyers aren't impressed by the pictures they can view of your house online, they will likely skip over your property and continue searching elsewhere. If you want to grab buyers' attention, you have to have plenty of high-quality photographs you c