Arrowhead Title, Inc.

Arrowhead Title understands that not everyone has experienced a real estate transaction before. We have been conducting real estate closings at Lake of the Ozarks since 1984 as a title company in Lake Ozark , and over the years we realize some people aren’t expecting certain costs associated with their real estate closing. As a title agency at Lake of the Ozarks , we are very dedicated to communicating with our clients so they don’t have to worry about surprises. We wrote today’s blog to let you know some of the common costs associated with real estate closings. If you would like to know what to be prepared for financially when buying a home at Lake of the Ozarks , we invite you to read this blog! Expenses Related to the Property Obviously, with a transaction of this size, it is essential that you know you’re getting what you think you’re buying. Both you and the bank will want to protect your property ownership rights with a title search and title insurance. The bank also needs to k...

At Arrowhead Title, we have a close relationship with numerous local Realtors and we know a thing or two about the challenges of buying and selling houses at the Lake of the Ozarks . The better prepared you are for the sale, the quicker you can get to the closing table, and we are here to help.  Today, we thought we would share some insight on what to avoid when selling your home, part 1.  Mindset and Emotion. The hardest thing about selling your home is the emotional and mental toll it takes to get through the process.   You have a lot of time, money, and memories invested in your home and it has more than monetary value to you.   But not so much for the buyer.   The buyer is not looking to connect with the seller’s vision of the house, but rather to visualize themselves in the house.   You are selling a lifestyle, not just a commodity.   But you are selling something, so you should have the perspective of a businessperson or salesperson.   Y...

Title insurance protects property owners' right to use and occupy their land.  For some homes and/or properties, the title can be limited by rights and claims asserted by other individuals.  If someone else brings a claim against your property, your ability to use and enjoy the land may be reduced and/or you may suffer great financial loss.  That's where title insurance comes in. Title insurance is your first line of defense against these potential hazards.  Property is often the biggest investment most people make in their lifetimes, and it is crucial to protect this investment with title insurance. Title Insurance Focuses on Risk Prevention Whereas other forms of insurance guard against risks by assisting you after an incident occurs, title insurance manages your risks by focusing on preventing risks BEFORE they occur.  In order to do this, title insurance companies rely heavily on something that is known as "chain of title." What is "Chain of Tit...

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. If you’re considering refinancing your Lake of the Ozarks home to take advantage of a lower rate or more favorable terms, you most likely are looking to learn about the upfront costs. One thing you may not have thought about regarding refinancing, though, is the impact it will have on your title insurance policy . If you're thinking about refinancing your home at the Lake of the Ozarks , Arrowhead Title has provided 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.  This applies even if you are refinancing through the same lender that originated your current loan.  Because you are taking out a brand-new loan, you will have to undergo the same process (and cover the same ...

If you've ever bought a home, you know that the process requires the full (and careful) integration of many moving parts. The sellers, buyers, lenders, and real estate agents must work together to bring the transaction to a successful resolution. However, these important parties aren't the only ones who will be closely involved in the transaction process. While you as a buyer or seller may not realize it, a Lake of the Ozarks title company will also play a crucial role. As a buyer, it will typically be up to you to select the title company you wish to handle your real estate transaction. Considering their close involvement in the process, it is important that you select a title company you know you can trust. Arrowhead Title, Inc. is here to help you gather the information you need to make an informed decision. What Is the Title Company Responsible For? While first-time buyers generally do not understand the role a title company plays as well as they understand len...

Title insurance is a crucial part of buying real estate, whether a commercial or residential plot of land. Without title insurance, your right to use and occupy your new property may be hindered by rights and claims asserted by others - potentially even years after the closing date. Despite its incredible importance, title insurance is arguably one of the least understood aspects of the home closing process.  Arrowhead Title, Inc. is here to educate you on our unique industry by filling you in on several fun facts about title insurance. Fun Facts About Title Insurance: 1.  The primary focus of title insurance is proactive, not reactive - it aims to prevent issues from ever arising in the first place. Title insurance protects against claims from defects in your title. 2.  The three most common title defects are liens, mortgages, and typographical errors or corrections. 3.  Condominiums are protected by title insurance just like a single-family dwelling. A...

When we talk about the costs of buying real estate at the Lake of the Ozarks , we talk about several different things.  Buying and selling real estate is a complicated transaction that requires careful attention and precision from every party involved.  In addition to the funds being transferred as a result of the sale, there are multiple expenses that must be satisfied in order to complete the transaction. 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." Title insurance can be confusing for home buyers. What type of title insurance policy is required to own a home and who is responsible for paying the closing costs and title insurance? It is important to understand the intricacies that go into the home buying process. First, you need to understand what closing is and what is included in the closing costs.   Arrowhead Title, Inc....

Spring at the Lake of the Ozarks is a popular time to buy a property.  No matter what kind of property you are planning to purchase (residential, commercial, vacation, land), purchasing title insurance is a crucial step in the buying process. There are many different reasons you should purchase title insurance. Arrowhead Title, Inc , the Lake of the Ozarks most trusted title company is here to expand on one major reason that having title insurance is important –that there could be a defect in the title that you are not aware of. Here are some of the common title defects that can affect your property ownership. Errors in Public Records or Forgery of Documents Errors in the recording of information sometimes will occur at the County Clerk’s Office, or the former homeowners’ may incorrectly record information.  For, example, names can easily be misspelled. Errors and confusion can also result when there are quite a few documented former homeowners’ who have similar nam...

Buying a home is a detailed process, one that includes many steps that must be taken by both the home buyer and by the seller of the home.  In this article, we will discuss the steps that your title company must take as well, and why you should rely on your title company when purchasing a home.  At Arrowhead Title, Inc. , your number one title company at the Lake of the Ozarks, we are here to help you fully understand the home buying process and the role your title company plays in the purchase of your new home. Buying a home is a huge investment, so it makes sense that there are many more rules regarding the purchase of a home than the purchase of other items.  When you put an offer on a house, you do so through a home purchase agreement wherein there are several things a seller must do or agree to do before you, as the buyer, are willing to purchase the home.  In addition, you as the buyer must make agreements with the seller before the home sale can be fi...

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...