Arrowhead Title, Inc.

For those who are not in the real estate industry, real estate closings aren’t something you do very often. As a result, many people are not familiar with exactly what title insurance is, how it works, and why they need it. They just know it’s a necessary step in order to close on their new house. But there are very important reasons why title insurance is required. In this week's blog, we wanted to talk about three common myths regarding title insurance and share the truth with you so you can make an informed decision. At our title agency at Lake Ozark , we believe in clear communication and educating our clients. We know it is not worth taking any chances when it comes to your real estate closing. So, if you would like to learn the truth regarding some common misconceptions surrounding title insurance, just keep reading. Myth #1 - If my title search comes back clean, I really don’t need title insurance. Our title agents at Lake of the Ozarks are extremely skilled in conducting t...

Title insurance can be a bit confusing for those who are not in the real estate industry, and there are a lot of misconceptions people have about it.  Understanding exactly what it is, how it works, and whether you need it is important when you are doing a real estate closing at the Lake of the Ozarks .  Your property ownership rights may depend on it. At Arrowhead Title, we have a philosophy that focuses on clarity, communication, and educating our clients.  We have been providing title services at the Lake of the Ozarks since 1984 and we know that it is not worth taking any chances when it comes to your real estate closing.  So today, we want to clear up some of the common myths and misconceptions surrounding title insurance. Myth #1 - If I am building a new home, I don’t need a title search or title insurance. Imagine investing all the money to build a new home just to find out the person who owned the land did not have the right to sell it to you because of an ...

 At Arrowhead Title, we see the joyful faces of countless people as they achieve their dream of purchasing a home at the Lake of the Ozarks .  We totally get it too!  We LOVE living at the lake!  Partly because there is so much to do and see here.  We thought you would be interested in the exciting events happening at Lake of the Ozarks  this weekend… starting tonight! 5/14 - Hot Summer Nights https://bit.ly/3tO94tV This car show is a local favorite featuring motorcycles, cars, and trucks of all ages, makes, and models. The theme this year is “A Slice of Americana” and the Strip will be transformed into a scene of pure nostalgia as classic vehicles line the Strip and take turns cruising.   Admission is free – for spectators and participants!   5/14 – In Water Boat Show https://bit.ly/2Rbi9Qh If you have never been to an in-water boat show this is one you should not miss.   There will be vendors with all the latest and greatest m...

 When purchasing a home at the Lake of the Ozarks , you'll encounter numerous costs associated with the transaction. Costs such as appraisal and inspection fees, several types of insurance, as well as closing costs, can all add up quickly. While it is tempting to skimp on some of the suggested coverages to save some cash, doing so could have catastrophic outcomes in the future. One such coverage that is oftentimes passed on, the owner's title policy. It's vital to protect your home, perhaps the largest investment of your life.  By working with the best title company at the Lake of the Ozarks , you'll get top-notch service and information to help navigate complicated real estate transactions, ensuring you're protected at all times. Continue reading our blog to find out just what purchasing an owner's policy can do to protect you and your valuable asset. Owner's Policy vs. Lender's Policy Firstly, we'd like to clarify the difference between an owner...

People refinance their homes for many reasons. Most commonly, refinancing is used to readjust the terms of the mortgage loan or to get a lower interest rate. One thing most people don't think about when refinancing, though, is the impact it will have on their  title insurance policies . If you're thinking about  refinancing your home at the Lake of the Ozarks , here is some important information to keep in mind. Refinancing - It's Still A Home Loan When you refinance your home, you are essentially taking out a new loan to pay off the original loan in full. Because you are taking out a brand new loan, you will have to undergo the same process (and cover the same costs) that you did when you originally purchased your home. For example, you will probably need to... Purchase a professional appraisal of your property Cover the closing costs associated with the loan Purchase a lender's title policy to protect the lender Your lender will provide you with an est...

During the home buying process, buyers typically have to go through the  steps of getting a title insurance policy , whether it's the Owner's policy and the Loan policy, or just the Loan policy itself. One of those steps is to request for a title commitment to be completed and to review that report once the title insurance company sends it to you. But what exactly is a title commitment and what does it entail? This week, we'll go over in detail what it is and what information it provides to homebuyers and the title company. What is a Title Commitment? A title commitment is basically the title company’s promise to issue a title insurance policy for the property after closing. The title commitment contains the same terms, conditions, and exclusions that will be in the actual insurance policy. Almost every purchase and sale agreement contains language requiring the seller to provide the buyer with title insurance. At  Arrowhead Title , we issue the title policy using f...

Title insurance is arguably one of the least understood aspects of the home closing process. We have found that most people either respond to the questions about title insurance with blank stares, vague responses, or incorrect information. Today, the team at  Arrowhead Title, Inc.  is here to clear up some of the misunderstandings about  title insurance at the Lake of the Ozarks  by debunking some of the myths surrounding the title insurance industry. 1. MYTH:   Title insurance automatically comes with the house. FACT:   Most lenders will require a title search and a title insurance policy to cover their loan, but these services are not included in the purchase of the home. Home buyers will be responsible for purchasing these extra services at closing. 2. MYTH:   There's only one type of title insurance. FACT:   There are actually two types of title insurance: lender's title policies and owner's title policies. Lender's policies protect t...

Arrowhead Title, Inc.  is proud to be a trusted  title agency at the Lake of the Ozarks . We have been serving the Lake Area since 1984, and in that time we have helped hundreds of customers and developed many fantastic customer relationships. This week, we want to share with you some of the things we believe make us unique in the  title industry at the Lake of the Ozarks . Absolute Accuracy When it comes to real estate and title matters, accuracy is absolutely essential. Even one small oversight or error could cost a homeowner hundreds (or possibly thousands) of dollars. In order to protect our clients' current and future interests, our title experts conduct every transaction with the utmost precision and accuracy. Community Involvement The Lake Area is famous for being a major tourist destination. Underneath a surface of thousands of tourists and second homeowners, however, there lies a close-knit community of individuals who make the Lake their home year-round....

Buying a home at the Lake of the Ozarks  comes with a lot of associated expenses. Insurance, appraisal and inspection fees, and closing costs can add up quickly in the beginning.  Faced with so many expenses, many homebuyers want to cut costs wherever possible by skipping any expenses that aren't mandatory. An example of one such elected cost that homebuyers sometimes want to eliminate is the owner's title policy. However, skipping this purchase can be prove disastrous down the road. Owner's Title Policy vs Lender's Title Policy There are two primary types of title policies: owner's policies and lender's policies. A lender's title policy protects the mortgage lender in the event that the buyer becomes unable to make payments and defaults on the loan. Buyers are required to purchase lender's policies any time they take out a mortgage loan to buy a home. However, this policy does not offer any protection to the buyers themselves. In order for buyers ...

An important part of buying a home at the Lake of the Ozarks is to ensure your investment is protected. Consider this: in order to take out a loan to obtain the home, your lender will require a lender's title policy to be purchased to protect their interest. If your lender requires it to make the loan, wouldn't that be a good indication that it's probably important for you as the homeowner to invest in a homeowner's policy to protect YOUR interest? For the sake of ensuring you have full rights and clear ownership to the property, it's essential to make sure you get a title insurance policy . Keep reading to learn more about some of the advantages title insurance offers. Protection Of Your Largest Asset Your home is unarguably the largest investment you will ever make. Even if you buy expensive cars and/or expensive boats, these types of purchases will probably never truly compare to the initial purchase price of your home. Not only that, but as home prices co...

If you have personally never been a victim of real estate forgery, you may not be aware that these things happen. Real estate forgery is a real thing and it can happen to anyone who owns property or is in the process of purchasing property. Typically, the only way you can ensure you will not become a victim of loss of property due to a forged deed is by purchasing title insurance . Arrowhead Title, Inc would like to help you understand what real estate forgery is and how to prevent it from happening to you. How Does Real Estate Forgery Happen? Forged deeds are exactly what it sounds like; a fraudulent scheme where someone forges the homeowner's name on a property deed and uses that title to claim ownership of that property. You may be asking yourself, how can someone get away with this? How this happens is the person who commits the fraud usually manages to have the deed notarized using false identification. After the document is falsely notarized, the scammer can record the...