Arrowhead Title, Inc.

What are some of your favorite memories from your childhood? Your family's unique traditions are probably high on the list. Traditions are an integral part of a family's culture. As adults with children of your own, it's time for you to continue the legacy by starting traditions in your own family. In honor of the upcoming holiday, the team at Arrowhead Title thought we'd put together a list of some fun ideas for Halloween family traditions. Pumpkin carving and trick-or-treating aren't the only ways to celebrate this spooky holiday! 7 Ideas For Halloween Family Traditions 1. Watch Scary Movies Even if you aren't a big fan of scary movies in general, you can always make an exception on Halloween! Choose a few family-friendly scary movies and snuggle up on the couch with your family. Don't forget the popcorn! 2. Give To Others Teaching your kids the value of giving back to their community and the people they share it with is incredibly importan...

If you know anything about real estate, you know that there is a lot more to buying and selling property than simply handing over the keys. There are multiple steps that must be taken and quite a bit of paperwork that must be filled out before ownership can be transferred from one party to another. Typically these steps can be taken without too much trouble, but every once in a while, issues may arise that inhibit the sale of a property. A "cloud" is an example of one such issue. What Is "Cloud On Title"? Often considered synonymous with "title defect," the term "cloud on title" refers to any issue with a title that may cause a reasonable buyer to hesitate before purchasing the property. Examples of common clouds include (but are not limited to): Unpaid property taxes An unsatisfied mortgage lien A pending lawsuit over ownership of the property An improperly recorded deed An improperly recorded easement Improperly recorded owners...

Buying your first home is a huge step. It will likely be the biggest financial commitment you have yet to make in your lifetime, and the decisions you make during the buying process will likely impact your life for years to come. Considering the lasting impact this process will have, it's important that you at least have a general idea of what to expect. The team at Arrowhead Title, Inc. is here to help you prepare. In today's blog post, we're delving into a few of the lesser-known aspects of buying a house at the Lake of the Ozarks . 1. You Have To Pay More Than The Purchase Price. When you take out a mortgage loan to buy a home,  you  aren't technically the one buying the house. Y our lender is making the initial purchase for you, with the agreement that you will spend the next thirty years (or fifteen or twenty, depending on the terms of your loan) paying them back. The lender accepts payment for their service in the form of interest. Thus, the total cost for ...

Buying real estate is a big investment. Before you sign your name on the dotted line, you'll want to be confident that you are making a wise and safe investment for you and your family. Part of this assurance comes from working with a mortgage professional to verify how much house you can safely afford. The other part comes from working with a reliable title company at the Lake of the Ozarks to ensure that your chosen property does not come with any hidden hazards that may threaten your ownership rights. Arrowhead Title Is Your Trusted Title Resource At Arrowhead Title, Inc. , we recognize the immense trust you place in the title company you choose to assist with your transaction, and we value it immensely. When we facilitate a transaction, we handle all of the details with the utmost precision and accuracy. We recognize that your business is a privilege (not a right), and we do everything we can to earn that privilege. Ensuring that your needs are met and that your expecta...

For most people, buying a home goes hand-in-hand with taking out a mortgage loan; you can't have one without the other. As with most financial industries, the mortgage industry is heavily regulated to ensure consumer protection. Last year (on August 1, 2015), a federal regulation was introduced that significantly changed the mortgage loan application and approval process. Today, Arrowhead Title, Inc. is here to examine some of the effects of this new ruling. What is TRID? After the housing crash in 2008/2009, the Consumer Financial Protection Bureau (CFPB) was created to protect homebuyers from suffering another comparable financial crisis. The introduction of TRID was part of these efforts. Sometimes referred to as the TILA-RESPA Rule, "TRID" is an abbreviation for TILA-RESPA Integrated Disclosure. "TILA" stands for "Truth In Lending Act," and "RESPA" stands for "Real Estate Settlement Procedures Act."  How Does TRID Im...

Liens on real estate are a common way for creditors to secure debts that are owed to them. A property lien is a notice attached to your title informing everyone that you owe money. In today's blog, your Lake of the Ozarks title company explains the implications of having a lien on your property. Selling Your Property  When you have a lien on your home, you are not able to sell it. In order to sell or refinance your home, you must have a clear title. Having that lien on your title makes it unclear. To get rid of the lien, you'll need to pay the creditor what you owe. After that, the lien will be removed from the title and you'll be able to sell or refinance your home if you wish. Foreclosing On Your Home  While a foreclosure due to a lien is rare, there is the possibility. In order to pay off the lien, creditors generally have the right to have the property sold, usually through foreclosure. In most cases however, the mortgage is placed on the home before ...

The purchase of property can be a complicated process, especially since it is not a frequent occurrence for many people. To help you complete your closing successfully, you may want to work with some professionals, like a real estate agent, mortgage lender, and title insurance company. If you are preparing to buy a home at the Lake of the Ozarks , a refresher course of the closing process may be helpful. Your trusted title insurance company in Lake Ozark is here to provide information on a typical closing process how at closing typically happens. To begin the home buying process, a pre-approval from a mortgage lender is recommended. Once you find a home you wish to purchase, you or your real estate agent will put in a written offer on the home. After a price is negotiated between the buyer and seller, the closing process can proceed. At this point, your mortgage lender will work to finalize approval with the home you have selected and lock in your loan interest rate. Creat...