Wednesday, January 16, 2019

Interesting Things to Know About Mortgages

Mortgages are one of the best and easiest ways to get a home. With funds for a down payment, it can be easier than ever to apply and get approved. This can be great news for second home buyers looking to purchase a vacation home at the Lake of the Ozarks, as well as for first-time homebuyers looking to settle down at the Lake of the Ozarks. As you start making plans and considering your next steps for buying a Mid-Missouri home, keep these interesting facts in your back pocket.


The Lowest Mortgage Rate - It was LOW!

In late 2012, the average interest rates for a 30-year fixed, rate mortgage hit 3.31%. The rates for 15-year mortgages were below 3%.

The Highest Mortgage Rate - It Was HIGH!

In late 1981, the average interest rate for a 30-year fixed-rate loan hit 18.45%! If you are not sure how this would affect your mortgage, think about it this way. If you have a $200,000 30-year fixed-rate mortgage (for a $250,000 home), a 3.31% interest rate would be about $877 a month. An interest rate of 18.45% would take the monthly payment to $3,088 - go ahead and pick your jaw up off of the floor.

Paying Additional Funds Each Month Can Shave Years Off of Your Loan

It’s not rocket science, making extra payments can help build equity and reduce your debt faster, but do you know the real effect that it can have? By taking your principal and interest payment for the month and dividing it by 12 and adding that amount to your monthly payment as additional principal each month, you can reduce your 30 year mortgage by more than 11 years.

What Was the Most Expensive Home Ever Sold?

Currently, the record goes to 521 Round Hill Road in luxurious Greenwich Connecticut. The property features 8 bedrooms, 8 full baths, 4 half baths, and 17,603 square feet on 40.26 acres. it sold for $49,895,000 - just shy of $50 million! If the undisclosed buyer took out a mortgage for that home, 20% down would be around $10 million, and their estimated monthly mortgage with taxes and insurance would be around $243,930!

Automate Your Monthly Payment

Did you know that you can automate your monthly mortgage payment? Set up automatic money transfers from your bank account or paycheck to go directly to your mortgage servicer. This helps eliminate the risk forgetting to pay a bill.

A Good Credit Score Can Help

Your credit score is a very important part of the mortgage puzzle. It’s always a good idea to keep an eye on your credit score.

Know What Your Loan’s APR Rate Is

Compare your annual percentage rates (APRs) when you are looking for your Lake of the Ozarks mortgage. While it’s easy to focus on the interest rate that you’ll be getting, an easily forgotten aspect is the closing costs. The APR reflects the true cost of your loan.


Your Lake of the Ozarks Mortgage

Now is a GREAT time to buy a home at the Lake of the Ozarks, and Team Lasson would be honored to help. From buying a vacation home at the Lake of the Ozarks to buying your first home, we are here to assist. Visit our website to learn more about our mortgages at the Lake of the Ozarks, or give us a call at the number below - we look forward to helping you get your home.


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, January 10, 2019

Vacation Home Locations at the Lake of the Ozarks

When you are buying your vacation home at the Lake of the Ozarks, location is key. The Lake covers over 84 square miles, and different parts of the lake offer different advantages. When you prepare to buy your Missouri Lake home, it’s important to know where the hot spots are for vacation homes. Team Lasson is going to introduce you to some of the best locations where owning a vacation home at the Lake of the Ozarks can put you in the lap of luxury


Porto Cima

The vision behind Porto Cima was to create the finest golf and boat community in the Midwest, with a subtle Mediterranean theme. Owning a home in Porto Cima can fulfill your greatest desires when you’re looking for a lifestyle filled with beauty and adventure. There are many special privileges available when you own a home in Porto Cima, which includes access to the best golf courses in the area. Other amenities in Porto Cima include the:


  • Golf Shop
  • Restaurant
  • Member dining and the 19th Hole Lounge
  • Exercise facilities
  • Outdoor dining overlooking Hole #18 and the Lake of the Ozarks
  • Banquet facility
  • Private events facility
  • Ladies and men’s locker rooms, each featuring its own fitness area


The Village of the Four Seasons

The Village of Four Seasons is a wonderful place to own a home at the Lake of the Ozarks - whether as a primary or vacation residence. There are numerous properties that boast beautiful views, lake access, and exclusive amenities. If you’re interested in moving to the Village of Four Seasons Missouri, Team Lasson would be honored to assist you in getting pre-approved. This community offers excellent amenities, such as:


  • Pools
  • Playgrounds
  • Fitness Center
  • Tennis Courts
  • Interior Lakes
  • Community Center
  • Campground
  • Boat Storage
  • Boat Ramps
  • Basketball
  • Bocce Ball


Old Kinderhook

Old Kinderhook is located in Camdenton, MO and boasts of luxury living with all of the amenities. There are many different types of homes, from cottages to patio homes, and lakefront condominiums to estate homes. Wonder what is available at Old Kinderhook? Take a look at the list below:


  • Golf
  • Spa
  • Boating 
  • Outdoor Ice Skating Rink
  • The Sand, and more


Villages at Shawnee Bend

The Villages at Shawnee Bend is one of the Lake of the Ozarks premier luxury home development areas. They are situated on the southern shores of Shawnee Bend and provide the perfect combination of privacy and seclusion - while still providing easy access to all of the activities of the Lake area. Here are a few wonderful amenities that they offer:


  • Large, naturally wooded homesite choices
  • Ten miles of unspoiled shoreline
  • Championship tennis courts
  • Community pool & clubhouse
  • Community areas and natural habitat land reserves
  • Park & playground areas
  • Community marina


Owning Real Estate at the Lake of the Ozarks

If you’ve been thinking about purchasing a home at the Lake of the Ozarks, now is the time to get started! Team Lasson would love to help you make secure your mortgage at the Lake of the Ozarks and get into your dream home. Visit our website at the link below to learn more about our services, or give us a call! We would be glad to assist you in purchasing a home in 2019!

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, January 3, 2019

What To Know Buying Real Estate in the Winter

While the Lake area slows down a bit in the Winter, it doesn’t stop altogether! There are still many people who live here full-time, keeping the area thriving and moving forward. While buying a vacation home at the Lake of the Ozarks may not be top of mind during the colder months, there are actually some significant advantages to buying a lake home during Winter. Here are a few things that Team Lasson thinks you should remember while preparing to get your Lake of the Ozarks mortgage.


It’s Your Market

The offseason in our area can be a great time to buy your dream vacation home. The dedicated house-hunters may not be out looking for real estate and it could be a great time to grab a great deal. Sometimes in the off-season, you’ll find that prices are typically lower as well, and even a small difference in price can mean big savings for you in the long run.

Close the Deal!

When you aren’t competing with more buyers, you have a higher chance of getting the deal closed. During those busy selling months, it can be harder to find your home because 10 other buyers may have found the same one. Bidding wars are no fun, but the good news is that homes listed in the Winter tend to sell for less, and have fewer people competing for them.


Motivated Sellers

There are many reasons that a person could be selling their home in the Winter. Perhaps they have personal circumstances that are forcing them to move out or maybe their home is leftover from summer. No matter what the reason, Winter sellers are typically more motivated to sell as the real estate activity slows down. You will have more opportunity to negotiate the purchase price, terms of the sale, and any items to be included with the purchase.

Now is the Time to Buy!

Now is a GREAT time to buy Lake of the Ozarks real estate, and our team would love to help you finance your new place. Whether you need to finance a second home at the Lake of the Ozarks, or a primary residence, our mortgage team is ready to assist. 2019 could be the year that you find your dream vacation home at the Lake of the Ozarks, and Team Lasson wants to be there to support your mortgage needs. Give us a call at 573-746-7211 today!

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.