Arrowhead Title, Inc.

The best title agency at the Lake of the Ozarks , Arrowhead Title provides the utmost closing and escrow services for all your real estate needs at the Lake. We are dedicated to our community and the clients we serve and as such are here today to tell first-time home buyers what they need to know about escrow services at the Lake of the Ozarks. What Are Escrow Services? Firstly, let's start by covering what escrow services actually are. Escrow settlement services help facilitate transactions. They are provided by a title company in the purchase/sale of real estate. Here is what you can expect those services to include: Handling the deposit and disbursement of funds Calculating and adjusting the amounts due for taxes, insurance, rents, etc. Securing a title insurance policy Recording deed and loan documents Coordinating the signing of loan and closing documents Preparing the final statement that outlines funds received and to be disbursed  Escrow Account? What's That? Also know...

Arrowhead Title  is the  best title agency at the Lake of the Ozarks , and one of the reasons why is the great escrow services that we provide. As a first-time home buyer, you may not know exactly how escrow services work, or even what they are. That is why we are here for you! Keep reading to get the answers to common questions first time home buyers need to know about escrow services. What Are Escrow Services? Escrow settlement services help facilitate real estate transactions and are provided by your title company. (That's us!) During escrow settlement, your agent should provide the following services: Handling the deposit and disbursement of funds Calculating and adjusting the amounts due for taxes, insurance, rents, etc. Responding to the lender's requirements Securing a title insurance policy Obtaining approvals of reports  Processing and coordinating the documents Recording deed and loan documents Coordinating the signing of loan and closing do...

At Arrowhead Title , we know that buying and closing on a house is a complicated, and often frustrating, process. If you have never purchased a home before, you may not be familiar with what an escrow account is. Several new home buyers may get to this stage in the process and feel confused or unprepared. Our team of title experts at the Lake of the Ozarks are here for you to make sure you are ready and knowledgeable about your escrow account. Keep reading to learn more and get your questions about escrow answered! Wait, where is my money going?  During closing, something called an escrow account is set up in order to make sure both you (the buyer) and the seller are protected during the real estate transaction. Many times, an escrow fund is agreed upon and placed into this account as collateral, or a show of good faith, from the buyer.  The true purpose of an escrow account, however, is to collect and disburse funds for monthly and yearly bills (property tax an...

Congratulations! After touring multiple houses, you and your family have finally found your perfect home. It has everything you've ever wanted and is in the perfect Lake of the Ozarks location.  You've submitted an offer, the sellers accepted it, and you have agreed upon everything that will be included in the sale of the home. That's all there is to it... Right? Not exactly.  Whether you are the buyer, seller, lender or borrower, you want the assurance that no funds or property will change hands until ALL of the conditions are met in the purchase agreement. This is exactly where your trusted title company at the Lake of the Ozarks really gets going! Arrowhead Title will work tirelessly to ensure that your closing process proceeds as smoothly and efficiently as possible.  In order to ensure that both parties are protected during a transaction, typically an escrow fund is agreed upon to be held as collateral. This not only offers a safety net for the seller as a sho...

Whether it is realized or not, many homeowners put money into an escrow account each month. A portion of your monthly mortgage payment is broken out into this separate account. The money in the escrow account goes to pay bills like insurance and property tax, this way you do not have to save separately for these expenses that go hand-in-hand with homeownership. Arrowhead Title, Inc. has provided a list of frequently asked questions about escrow accounts. 1. Q: Why am I required to have an escrow account? A: An escrow account is usually required if the down payment on your home was less than 20%. Property taxes and insurance premiums are a few of the large expenses this account helps pay. You make one combined mortgage and escrow payment each month and your mortgage company will then deposit a portion into your escrow account. When your property tax and insurance bills are due, they are paid on your behalf. 2. Q: What is an escrow analysis? A: As required by law, once a year,...

If you've ever taken steps towards buying a house at the Lake of the Ozarks , you've undoubtedly heard the term "escrow" tossed around a few times. You're probably aware that escrow is an essential part of the home buying process and subsequent homeownership, but do you know what it really means? The team at Arrowhead Title, Inc. is here to help you make sense of this sometimes confusing subject. What Is "Escrow"? At its most basic definition, escrow is an account of funds that is being held by an independent third party. Once applicable instructions and conditions have been fulfilled, the third party then transfers the funds in the account to the designated recipient.  According to this definition, escrow accounts could be used in any number of situations. In the world of real estate and title insurance, however, escrow deals predominantly with earnest money, closing costs, taxes, and insurance. How Does Escrow Work? Escrow is an integr...