Wednesday, October 16, 2019

How to Get Smart About Credit

Homeownership rates in the United States have been steadily increasing over the last decade. This is especially true over the last few months as housing prices are doing well and the interest rates have been low. October 17th is Get Smart About Credit Day, and it’s a great time to take a look at where your finances are and figure out where they need to be. If you are buying a home at the Lake of the Ozarks, whether it’s your first real estate purchase or you are a seasoned buyer, being smart about your credit is always important. Here are a few tips from Team Lasson for ways to improve your credit and give you the best possible chance for success when applying for a mortgage.


#1. Know Your Credit Score

It only takes a few minutes to learn about your credit score, in fact, many credit card companies make it easy to learn about inside your account. Surprisingly, there are many future home buyers who never review their scores or their credit history before submitting a home loan application, and they just assume that they will qualify. Before applying for a mortgage, it’s always smart to look at your credit report. Your scores and credit activity can have a major impact on your mortgage approval, and a minimum credit score is required for most loan programs. Several things that can affect your mortgage approval, other than your credit score, are missed payments, frequent late payments, and other derogatory credit information. Take time to clean up your credit history before applying for a mortgage and you could save some time and the additional effort of having to apply again later.

#2. Build Up Your Savings

Having money set aside before beginning your mortgage process can really help your application status. While several lenders have options for a zero-down mortgage loan, having a downpayment can be a huge advantage. The minimums will vary depending on the mortgage that you are applying for, but having money set aside can be a great advantage when starting the application process. Of course, down payments aren’t the only expense that you have to prepare for there will also be closing costs, inspections, appraisal, title search, credit report fees - and other expenses. You can expect that closing costs will be roughly 3%-5% of the mortgage balance.

#3. Stay At Your Job

If you want to buy a home, keeping your job through closing is extremely important. Any changes to your employment or income status can stop, or at the very least, delay the mortgage process. Lenders will approve your home loan based on the information provided in your application. Changing jobs, choosing a lower-paying career, or quitting your job entirely to become self-employed can greatly impact the plans, and lenders will have to reevaluate your finances to determine if you still qualify for the loan.


Getting a Lake of the Ozarks Home Mortgage

Getting your mortgage can feel a little intimidating at first, but when you are working with Team Lasson, we can help you evaluate your finances and establish a good goal to either work towards or to shop for when you start the home search. If you are ready to get smart about your credit and start the mortgage process, visit our website! You can fill out the pre-approval paperwork, and begin securing your Lake of the Ozarks mortgage. We can’t wait to begin working with you!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Wednesday, October 9, 2019

What’s Happening at the Lake This Fall?

It’s no surprise that Fall is a busy season around the Lake of the Ozarks. Last year, we were voted the 2nd best place in the nation to view the Fall colors, and combine that with great outdoor activities and a wonderful community, the calendars are filled! If you are still looking for fun things to do in the area over the next few weeks, we’ve got the scoop.


Fall Festivals & Events

34th Annual Fall Harbor Hop
Oct 12, 2019, from 9am-7pm
Multiple Waterfront Locations

Thunder Mountain Bridal Cave Fall Festival
Oct 05, 2019 - Oct 27, 2019
Saturdays & Sundays in October
Bridal Cave Thunder Mountain

19th Annual City of Osage Beach Fall Festival
Oct 12, 2019, from 10 am - 5 pm
Osage Beach City Park

OkToaderFest at The Horny Toad
Oct 12, 2019, from 11am-3pm
Horny Toad Entertainment Complex at Camden on the Lake

Apple Butter Days & Fall Festival
Oct 18, 2019 - Oct 19, 2019, from 9am-4pm
Camden County Museum

Alhonna Fall Classic Open Bass Buddy Tournament
Oct 26, 2019 - Oct 27, 2019, at 7 am
Alhonna Resort


Haunted Halloween

Halloween Havoc Baseball Tournament
Oct 19, 2019 - Oct 20, 2019
Osage Beach City Park

YMCA Halloween Spooktacular and Trunk-Or-Treat
Oct 19, 2019, from 1pm-3pm
Tri-County YMCA of the Ozarks

Lake Regional Cares For Kids Festival
Oct 19, 2019, from 10am-1pm
Lake Regional Hospital-Lot B

The Walking Dead Zombie Shoot
Oct 19, 2019, at 12pm
Haunted Holler/Fort 54 Paintball

Witches N' Wine
Oct 19, 2019 - Oct 20, 2019, from 5pm-11pm
Shawnee Bluff Vineyard

Haunted Holler Zombie Paintball Game
Oct 20, 2019, at 12:00 pm
Haunted Holler/Fort 54 Paintball

Halloween Bash on the Strip
Oct 26, 2019, from 2-5:00 pm
Bagnell Dam Strip

Halloween Happenings @ Stark Caverns
Oct 26, 2019 - Oct 27, 2019, Saturday at 6-10:00 pm, Sunday at Noon-5:00 pm
Stark Caverns

Captain Ron's 13th Annual Adult Halloween Party
Oct 26, 2019, at 7:00
Captain Ron’s

Captain Ron's 13th Annual Kids Spooktacular
Oct 26, 2019, from 5-6:30 pm
Captain Ron’s

Eldon PTO Trunk or Treat
Oct 26, 2019, from 6-8:00 pm
Eldon Elementary School

Halloween Family Day at Haunted Holler
Oct 26, 2019, at 12:00 pm
The Walking Dead at Haunted Holler/Fort 54 Paintball

Howl-O-Ween Festival
Oct 27, 2019, from 11am-3pm
Dogwood Animal Shelter

Haunted Holler Sunday Funday
Oct 27, 2019, at 12:00 pm
Haunted Holler/Fort 54 Paintball

HyVee Hallow Trick or Treat Maze
Oct 31, 2019, from 3pm-6pm
Hy-Vee Osage Beach

Halloween Spooktacular at Mid-County Fire
Oct 31, 2019, from 5-8:30 pm
Mid-County Fire Protection District

Halloween Trunk or Treat at Kent Memorial Church
Oct 31, 2019 - Nov 01, 2019, from 5pm-7pm
Kent Memorial Lutheran Church


Mark Your Calendars!

If you are filling out the rest of your October calendars, be sure to make plans and hit up one of these events this month! If you’re visiting the Lake of the Ozarks with the hopes of enjoying the Fall colors, you may just “Fall” in love with the area. If you do, Team Lasson is ready to help you make the dream a reality with mortgage services at the Lake of the Ozarks. Now is looking to be one of the best times in a long time to purchase a dream home. Whether you’re ready to take the leap and buy a vacation home at the Lake of the Ozarks or refinance your current residence in Missouri, we can help. Visit our website to learn more, and to submit your application!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Friday, October 4, 2019

FAQs About Getting a Home Mortgage in the Fall

While it may not feel like it yet, the Fall season is here and we are so excited about what it means to our home buyers. There have been some interesting things happening in the mortgage market, and many homebuyers are finding that the interest rates are phenomenal. From new mortgages to refinancing, this is truly looking to be one of the best seasons to buy. If you have been thinking about purchasing a home at the Lake of the Ozarks over the next few months, here are the answers to a few frequently asked questions that may guide you towards the right decision for you.



Q: Does the season really matter when buying a home?
A: Essentially, no. However, certain things will happen year-round to influence buying trends, price drops, and interest rates. This year has been interesting, as we are seeing some incredibly low-interest rates. It is being fueled by other things that are impacting the housing market and even the world - but it leads to NOW being an excellent time to buy a home.

Q: Can I save money by buying in the Fall instead of the Summer?
A: This is dependent upon your area, but for the Lake of the Ozarks, time of year can play a huge roll in the price of a home. Summer is a busy season, where the area is hopping with excitement, and the homes are at their peak in terms of curb appeal and Summer fun. Summer is also a great time of year for moving, and many more homes are listed during the summer months. However, as we move into Fall, you may find that the inventory goes up, prices come down, and it becomes the best time for you to secure your dream vacation home at the Lake of the Ozarks.

Q: What is happening right now to affect the loan rates?
A: There was a little trade deal with Japan that happened, and with solid housing numbers, and hopeful news on the U.S./China trade dispute, it was enough to cancel out the improvement in rates that we had been seeing. There was also a Fed rate cut, and currently, it looks like there is at least a 70% chance the Fed will cut the overnight Fed Funds Rate by .25% by year-end.

What home buyers and those looking to refinance must understand is that Fed rate cuts do not equal lower home loan rates. Fed rate cuts are designed to keep the U.S. economic expansion alive while promoting inflation, and if the Fed is successful in that endeavor, there is a limit to how low home loan rates can go.

On the other hand, if the Fed is unsuccessful and our economy slows further, and our inflation rate cools further, then we will see lower home loan rates in the future. Think bad news is good for home loan rates. This basically means that home loan rates have essentially moved sideways to slightly higher in the past few weeks, but still remain just above three-year lows making it a great opportunity to refinance or purchase a home.


Now Is The Time To Buy

As we move into the holiday seasons, keep in mind that fewer people will want to take on the task of buying a home. This means that not only are the rates looking really good, but you may also have a LOT to choose from. The first step is getting your pre-approval completed, after that, it is time to start shopping! Visit our website and provide the information needed for the pre-approval for your Lake of the Ozarks mortgage. We look forward to working with you over this season as you make your home purchase!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Thursday, September 26, 2019

Tips for Winterizing Your Vacation Home

The time has come again, and as quickly as Summer showed up, it moved on and made way for Fall. The Autumn season has many beautiful things to offer, between fun events, cooler temperatures, and those gorgeous changing leaves. However, it can also provide the opportunity to accomplish a few tasks on your to-do list with your vacation home. Here are a few things you need to remember as the months begin to loom, and how you can protect your vacation home at the Lake of the Ozarks during the off-season.



Wrap Your Pipes

Wrapping pipes under the sink and in a basement, as well as anywhere else around your home can be a huge help. Look for wraps that are made from fiberglass, foam and foil, foam, or rubber to provide proper insulation to your pipes over the Winter. This can conserve energy and save money, but can also protect against any freezing temperatures that we may experience this Winter.

Unplug Appliances

Now is a great time to clean, protect, and shut off the appliances in your vacation home. This will include fridges, washers, dryers, dishwashers, and ACs. If you are not sure how to Winterize your air conditioner, you can either do some research online or hire a company to take care of it for you.

Turn Off the Water

If you want to prevent water leaks and indoor flooding this Winter, you will want to turn off the water at the mainline. This is an important step and one you will not want to forget. It is not hard to turn it back on if you decide to come back to your vacation home during the Winter months.

Drain the Pipes

This is incredibly important when you will not be in your home for a season. You may even want to hire a professional to come to drain your hot water heater, to clear the pipes of water, and to shut off propane or natural gas.



Clean the Gutters

After the leaves have fallen, it is a great time to clean out the gutters and downspouts. You can install downspout guards, screens, snap-in gutter screens, and mesh gutter guards to help prevent water damage from ice dams and puddles on the roof, and around your foundation.

Winterize Outside, Too!

Do not forget to drain all outside hoses, disconnect them, roll them up and store them. Cover all outdoor faucets with foam or hard plastic covers as well. The foam covers keep outdoor faucets from freezing during the colder temperatures, and the hard plastic covers can provide additional protection from the weather and small curious animals.

Outdoor Appliances

You should also disconnect the outdoor appliances, like fountains, bug zappers, and even the satellite dishes. You can secure them with plastic or store them indoors to protect against the cold weather.

Outdoor Furniture

Storing your outdoor furniture, raised garden beds, plant post, grills, tools, and other outdoor items inside is also a great precaution. If you cannot bring them indoors, you can always cover them with plastic and secure them in a wind-free location.

Find An Exterminator

Finally, this is a great time to schedule an exterminator to continue pest inspections and pest control through the Winter.



Time to Make Your List
As we kick off Fall, now is the perfect time to make sure that your vacation home at the Lake is ready to withstand the upcoming months. Some predictions for the Winter are expecting cooler than normal temps, as well as more snow than we usually get. This means that your vacation property may need to be sealed up more than in the past - and you will want to make plans for any watercraft and docks that you have as well.

If you do not have a vacation home at the Lake of the Ozarks, now is the perfect time to start looking. The market has been doing some great things for home buyers, and off-season is commonly accepted as the best time to buy a home. Ready to get started? Team Lasson can help you get started on your mortgage at the Lake of the Ozarks!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Friday, September 20, 2019

3 Home Improvement Tasks When Selling a Home

If you’re considering putting your home on the market, it will instantly feel like you have a to-do list a mile long. With preparing your home for sale, as well as purchasing another home - the next few weeks and months are going to be busy. Studies regularly show that a home will sell for more when regular maintenance has been performed. Here are a few easy tasks you can do to give your home a fresh look before it hits the market.


Paint The Kitchen Cabinets

Changing up your kitchen cabinets can work wonders if you are trying to make your space look more modern. You can either strip and re-stain wood cabinets or give them a new coat of paint. If you want to do something trendy, blues, whites, and grays are the most popular colors in 2019. Specifically, navy blues seem to be the most common, especially in a two-tone style with one color on the bottom cabinets and another color on the top. Matte textures are still favored over glossy, but the raw wood grain is also gaining popularity as well. Really want to make an impact? Update the fixtures on your cabinets as well! Sometimes those can date a kitchen even more than the color of the cabinets. You may also notice that not using hardware at all is very popular these days. If you will be repainting your cabinets, you may be able to fill in the holes from the hardware and paint over them for a really fresh new look.

Update Light Fixtures

Old light fixtures can really show the years on your home. If you are looking for a fast way to improve your home’s style, brighten things up with new track lighting, recessed lighting, beautiful hanging lamps, and more. Aren’t sure what you should look for? Here are a few styles that are trending right now:

  • Soft gold is a popular finish
  • Retro and industrial styles are coming back
  • Vintage Edison-style bulbs are very in
  • Mid-century modern and art deco styles are favored
  • Clean lines are a must
  • Large statement shades can really catch the attention


Add Fresh Paint to the Walls

A new coat of paint can do wonders for a space. Just be sure that when you choose the paint color that you are choosing something neutral and shaded properly for the space. While you (and even many others) may love red in the kitchen, it could be a huge turn-off for a buyer. Stick to colors like gray, white, and tan when choosing new colors, and opt for lighter colors that brighten a space rather than shades that are too dark.

If you have trouble choosing a color, you can visit your local hardware store and ask someone in the paint department to help. You can also get several samples of shades that you like and paint them on the walls to see how they look. Just be aware that even the samples can be a bit misleading because it is hard to imagine how they will look covering the whole space.


Selling and Buying a Home at the Lake of the Ozarks

If you are considering selling your home, it is also time to start thinking about the home that you are going to move into - if you have not already! Team Lasson is ready to help you buy your next home with mortgages at the Lake of the Ozarks. Buying and selling at the same time can be a little overwhelming, but choosing a team who can help you navigate the purchase of your new home can help make part of the process easier! Visit our website to learn more about our mortgage services at the Lake of the Ozarks or to submit your application. We look forward to assisting you on this next part of your journey!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Thursday, September 12, 2019

Kicking Off Fall at the Lake of the Ozarks

The first day of Fall is September 23rd this year, and if you haven’t been bitten by the Autumn bug - you may be soon! The Summer here at the lake has been rather mild, up until the very end with heatwaves and humidity. This kind of gives Fall an even more appealing nature, and if you haven’t already indulged in your pumpkin spice nostalgia, you may be reaching for it soon. If you’re looking for fun ways to enjoy your vacation home at the Lake of the Ozarks, here are some great suggestions for spending time soaking in the season!


Fall Fun at the Lake of the Ozarks

The Fall season seems to be all about apples, pumpkins, bonfires, and flannels. If you are ready, here are a few things you’ll want to do this Fall at the Lake!

Go Hiking

In 2018, the Lake of the Ozarks was voted the 2nd best place in the nation to enjoy the Fall colors. We know this to be true, and love getting to appreciate the changing of the seasons through those rustic browns, oranges, reds, and yellows that start to spread across the rolling hills. What better way to soak it in than to get out for a hike? We have two state parks here at the Lake. The Lake of the Ozarks State Park is in Osage Beach and Ha Ha Tonka State Park is in Camdenton. Both parks are beautiful this time of year, and offer breathtaking hiking trails, playground areas for the kids, and are close enough to town that you can get a treat afterward! Which brings us to our next point …

Indulge in Fall Flavors

’Tis the season when all things pumpkin, apple, and cinnamon hit the red carpet. There are many local coffee shops, ice cream parlors, and other places where you can indulge in these fantastic fall flavors. Whether you’re looking for a spicy coffee or a pumpkin pie sundae, this is a great time to get out and enjoy those flavors you look forward to all year long.

Get on the Golf Course

If you enjoy golfing at the Lake of the Ozarks, this is going to be a prime season for getting out there and playing the game. The Lake area is home to 13 golf courses, and many will agree that Autumn is probably one of the best times to get out and play. Between comfortable temperatures and gorgeous scenery, the Fall season is a pristine time to be on the course.

Board the Boat One Last Time

This is probably the activity that will be a bit bittersweet for many this time of year. As the temperatures start to cool down, it’s generally a sign to winterize the boat. Many boaters do choose to keep their boat out for usage all winter long, specifically the fisherman, but many of our vacationers need to get them ready for storage. If you are one of those who will store it, now is a great time to take it out on the water for the last few cruises of the year. Enjoy the scenery from a perspective that many may not get too - the water. While you’re out, it’s also a great time to take a generic inventory of your boat, make sure everything is working properly, and make a list of necessary repairs.

If you are into fishing at the Lake of the Ozarks, Fall is a prime time to get out there and cast your line. Those beautiful Fall temperatures will make for exceptional catching, and if you plan to participate in any of the final fishing tournaments of the year, we wish you the best of luck!


Fall At The Lake of the Ozarks

If you already know that you love the Lake area, and you’ve been considering buying a home at the Lake of the Ozarks - now is the time! We can’t emphasize enough how now is such a great time to buy. The market has been doing some really interesting things this year, and so many buyers are getting low rates for their Lake of the Ozarks mortgages. If you are ready to get started, we would love to invite you to visit our website, fill out the application, and start your pre-qualification process. Fall is an excellent time to buy, and 2019 could just be your year to secure a dream vacation home at the Lake of the Ozarks!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

Friday, September 6, 2019

Steps to Mortgage Approval

It’s the perfect time to buy a home at the Lake of the Ozarks! If the change of season has you anticipating new goals, and looking for fun opportunities, then buying a vacation home at the Lake of the Ozarks may be for you. Buying a home in the Fall is prime time, not just because interest rates are looking better than ever, but also because the busy Summer season is over and it is time to soak in the crisp breeze as everyone prepares for the Winter. If you are ready to purchase a home at the Lake, the first step is getting approved for a mortgage, and that’s where Team Lasson comes in. Here are a few steps about the mortgage process, and how we can assist you with the home buying process.


Submit Your Application

This is the most important step you will take in starting the process. Many house hunters will wait until they have found the perfect home, try to get approval, and then find out that the home is way more than they can afford. By starting with your application, you can get a pre-approval. This will give you a more solid answer as to how much you should be spending on a home right now - plus it can make the mortgage process go smoother when you have a pre-approval in hand.

Avoid Taking On New Debt

While your loan is in process, it’s important to avoid certain actions like opening new credit cards or making other financial changes. New loans will change your debt-to-income ratio and could impede your mortgage approval.

Plan for a Home Inspection

Once you have found a home that you love, it’s time to schedule a home inspection as soon as possible. Many times, your real estate agent will handle this for you, but asking about it and knowing who they recommend is important. This will give you adequate time before your closing date to negotiate with the seller if the inspection proves to be less than what you expected.

Check Your Methods of Contact!

After you applied and are qualified for a mortgage, you’ll receive your conditional approval. Keep your alerts turned on, your phone handy, check emails regularly and be ready to respond promptly for any additional documentation that may be needed or documents that may need your signatures, such as the preliminary Closing Disclosure. This can help keep your application moving forward.

Look Into Homeowner’s Insurance

Proof of insurance is a requirement for the mortgage process. It is a good idea to start this process as soon as you have found a property. Waiting until the last minute could cause a delay in your closing. If you don’t know who you would like to use for your homeowner’s insurance, just ask! We have some incredible referrals.

Review the Documents

You’ve had your loan approved, passed your inspection, the appraisal and title search are complete, and the lender has set a closing date. Take a look at the documents, make sure you have everything, and prepare the money you’ll need for the closing!


Buying a Lake of the Ozarks Home

This is such an incredible time to buy a home, and we aren’t the only ones saying it. A quick search on the web will show that for many buyers, the rates are incredible and the homes are available. If you are looking to purchase a new property, this is an amazing time to do it. Visit our website to learn more about our mortgage company at the Lake of the Ozarks, as well as start your first application. We look forward to helping you achieve your home-owning dreams!

For Lake area news, resources and tips on financial services, please 



Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065

Direct: (573) 746-7211





**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.