Showing posts from January, 2018

What's Included in Your Closing Costs?

When we talk about the costs of buying real estate at the Lake of the Ozarks , we talk about several different things. The home inspection, home appraisal, and earnest money are just a few examples. The other major expenses are lumped together in a broad category that is simply called "closing costs." It's important to recognize that the closing costs vary depending on your position in the transaction (whether or you are a buyer or a seller). Today, Arrowhead Title, Inc is here to explain the buyer's closing costs for you in simple, easy-to-understand terms. What Is Included In The Buyer's Closing Costs? The truth is that the closing costs encompass a wide variety of different fees and services. While the exact expenses will vary from transaction to transaction, there are many elements that are consistently included in these costs. Here is a quick overview of some of the common items that are typically included in the closing costs: Loan Origination Fee

3 Reasons to Buy Before Spring Arrives

You've been window shopping homes all winter long online, and are waiting for the right time to make your move. Many homebuyers wait until spring is officially here to begin searching for a new home at the Lake of the Ozarks , which is precisely why you should tackle your home search before spring hits. Here are a couple reasons to consider buying your new home before the spring market arrives. 1. Mortgage Rates Are On The Rise Interest rates recently rose for the first time in several years, and they are expected to continue rising in the near future. Even a small increase can have a significant impact. For example, let's imagine that you take out a fixed rate mortgage loan for $200,000 for a 30-year term. If your interest rate is 3.9%, the total cost of the mortgage will end up being $339,601. If your interest is 4.1%, the total cost of the mortgage will end up being $347,903. An increase of just 0.2% ends up costing you an extra $8,302. Since interest rates are expec

Identifying Property Encroachments Before You Close

Before buying property at the Lake of the Ozarks , it's a good idea to have the property lines verified. This could help to avoid a major problem in the future if there are property line discrepancies and you try to claim back what's rightfully yours.  Arrowhead Title  runs into these problems regularly and wants to help you prepare for these types of surprises BEFORE you close the deal. Take a look at what a property encroachment can mean for your investment and how we can help. What Is A Property Encroachment? A property encroachment is exactly what its name implies - it occurs when your neighbor encroaches on your property. Typically, this happens when your neighbor's fence, storage shed, landscaping, pool, and/or section(s) of their house cross over the property line and officially take up part of your legal property. Encroachments are different than easements. Easements give someone legal right to use property that belongs to someone else. They are agreed-upo

How Can Arrowhead Title Help YOU?

If you are talking with a real estate agent about buying a home of your own, you have probably had the conversation with them about choosing a  title company at the Lake of the Ozarks  to handle your real estate transaction. At this point, you are surely at least vaguely familiar with the idea of title companies, but do you understand exactly how they help with your real estate transaction? Take a look at what  Arrowhead Title, Inc  can do for you! Title Insurance Title insurance, not surprisingly, is one of the biggest and most important services we offer. Title insurance is what protects your ownership of your title from unforeseen hazards and challenges. For example, if a previously unknown heir appears and claims right to the property, or if a company surfaces and claims ownership over the land as collateral for an unpaid lien, your owner's title insurance policy can protect you. Title Report If you are interested in learning about a specific piece of property bu