Your Lake of the Ozarks Mortgage Lender: July 2026

Monday, July 27, 2026

The Truth About As-Is Home Sales: What Buyers and Sellers Need To Know

Whether you're selling or buying a property, the phrase "as-is" can raise eyebrows, but it doesn't necessarily mean you should steer clear. Before you dismiss (or pursue) an as-is home listing, let's explain what this label means and what steps you can take to make an informed decision.

Selling a home as-is usually means the seller doesn't plan to complete repairs or offer the buyer any credits toward necessary improvements. In short, the property is available in its current state with the expectation that the buyer will assume responsibility. It's worth noting that this arrangement can simplify negotiations. However, it doesn't eliminate disclosure requirements. Sellers still need to share any known issues, and the buyer retains their right to inspect the property.

If you're the one buying, it's wise to bring in a professional to inspect the foundation, roof, and key systems such as heating and cooling. Keep an eye out for water damage and any safety issues that might affect your ability to get financing. If the property seems unkempt, it's probably a good idea to move on.

Conversely, if you're thinking about selling your home without making any repairs, keep in mind that you'll probably have to price it lower than comparable properties nearby. Homes sold as-is do find buyers, particularly those interested in renovations. However, it's wise to leave some room for negotiation.

In the right circumstances, an as-is sale can be a win-win for everyone. The seller benefits from a shortened sales timeline, while the buyer might snag a great deal. Just make sure you have a trustworthy real estate agent and property inspector representing your best interests so you feel confident signing the contract.

Sources: Firstchoicehomebuyers.com, Realtor.com, Zillow.com

Team Lasson is here to assist with all of your home buying needs! If you’re considering taking the leap into home ownership in the near future, we’re here to help. Contact us today to explore which loan program aligns best with your financial goals.

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks. Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #: 493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell: (573) 216-7258

Email: teamlasson@fbhl.com

Website: www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Monday, July 6, 2026

Mastering Financial Literacy: A Guide to Smart Money Management

In today's world, financial literacy is more important than ever. Yet, many people struggle with financial concepts, leading to financial stress and insecurity. Whether you're just starting your journey to financial independence or looking to enhance your money management skills, there are many simple and easy changes you can make to take control of your finances.

Before diving into financial strategies, it's essential to learn the fundamentals. This includes understanding concepts such as:

Budgeting
Saving
Investing
Managing debt

Budgeting creates the foundation of financial stability, helping you track your income and expenses to ensure you're living within your means.

Saving allows you to build an emergency fund and work towards your long-term financial goals, while investing helps grow your wealth over time.

Managing debt wisely is crucial to avoiding high-interest payments that can derail your financial progress.

A comprehensive financial plan that aligns with your goals and values is essential to having a good long-term financial strategy. Start by setting specific, measurable, achievable, relevant, and time-bound (SMART) financial goals. Whether it's buying a home, saving for retirement, or starting a business, having clear objectives will guide your financial decisions and keep you focused.

Next, establish an emergency fund to cover unexpected expenses such as medical bills or car repairs. Aim to save three to six months' worth of living expenses in a savings account or within other assets. Additionally, prioritize paying off high-interest debt, such as credit card balances, to reduce interest payments and free up more money for savings and investments.

Investing is a powerful tool for building wealth over the long term, but it can be intimidating to start. Begin by educating yourself about the different investment options available, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs), or consider working with a financial advisor who can help you develop an investment strategy.

Financial literacy is essential for achieving financial security and independence. By understanding the basics of budgeting, saving, investing, and managing debt, you can build a solid financial foundation and work towards your long-term goals. Remember that financial literacy is a lifelong journey, so continue to educate yourself and adapt your strategies as needed. With dedication and discipline, you can take control of your finances and create the future you want!