Showing posts with label owning a home at the Lake of the Ozarks. Show all posts
Showing posts with label owning a home at the Lake of the Ozarks. Show all posts

Thursday, August 26, 2021

Owning a Home at the Lake

Lake of the Ozarks is an amazing place to own a home. Our beautiful area is renowned across the nation as the vacation destination of the Midwest! Team Lasson is here to tell you that your dream of living at Lake of the Ozarks is certainly attainable. Yes, there are prestigious areas at Lake of the Ozarks- where the barriers to entry are extravagant, however, much of the Lake is more affordable than you may realize. Team Lasson loves Lake of the Ozarks and would be honored to assist you in financing your home at the Lake to make your dream of living the Lake life come true. Keep reading to find out more about how you can make the Lake area your new home!

Photo Credit: Fun Lake

AFFORDABILITY


While you will see numerous million-dollar homes lining the shoreline at Lake of the Ozarks, much of the housing market here is well within your typical price range for a home in Missouri. Currently, the median home cost in Missouri is $196,746, and the median home price at Lake of the Ozarks is $299,500. Yes, that is still a pretty penny, but think about what you are getting with that price tag as well. The beautiful scenery, an epic summer life, moments away from outdoor adventure, all while remaining close to major city hubs. Lake of the Ozarks is large enough for convenience and activity, yet small enough for privacy.
 

OPPORTUNITY


As the vacation destination of the Midwest, Lake of the Ozarks holds great opportunities for those that own property here, like being close to the action via land or water, investment home opportunities, having a dedicated vacation spot, or being secluded, depending on your preferences. We will dive further into these opportunities below.
 

INVESTMENTS


As mentioned above, being the vacation destination of the Midwest gives Lake of the Ozarks a competitive advantage when you are looking into investment homes, or even just a way to rent out your vacation home part-time to earn some income or pay the mortgage. The housing market at Lake of the Ozarks is like no other. Every home and lot is unique, giving the "one-of-a-kind" appeal to your property/investment - a great selling point for potential renters/buyers.
 

ENTERTAINMENT


The summer season at the Lake is known nationwide and attracts masses of vacationers. The reason for this is the entertainment here is simply awe-inspiring. Take the small community vibe and hospitality, and mix that with the resources to put on stellar performances and events, you end up with an experience that can only be found at Lake of the Ozarks. From fun for the whole family to your more adult-friendly atmospheres, Lake of the Ozarks has something for all to enjoy, year-round.
 

EDUCATION


With many of the Lake’s citizens being second homeowners, and the impact that tourism has on Lake of the Ozarks can provide the Lake with the resources it needs to offer an outstanding education system. Continually producing above average results in regard to the state of Missouri, two out of three high school graduates go on to pursue higher education. The Lake's education system consists of state-of-the-art technical career centers, along with community and satellite colleges.
 

HEALTHCARE


The healthcare system at Lake of the Ozarks is also second to none. Being centrally located between two major city hubs, St. Louis, and Kansas City, provides the Lake access to high-tech medical equipment and connections that allow it to function as efficiently and effectively as it does. The healthcare system here can deal with all incoming needs of its community the moment they walk through the door. So, there is no need to ship patients seeking help all across Missouri – they will take care of you in-house with a dedicated team and the latest technologies available.


Photo Credit: Fun Lake

Lake of the Ozarks, to put it simply, is an astonishing place to live. When you own a home at Lake of the Ozarks, you get to enjoy the convenience of being at the heart of the action during the busy and prosperous summer season, not missing an ounce of fun. While enjoying a quiet, leisurely atmosphere, taking in all the beauty that the Lake has to offer during the off-season. The Lake is the perfect mix of exhilarating entertainment, comforting convenience, and leisurely Lake living all in one beautiful package. If you are ready to get in on the Lake life and secure your mortgage at Lake of the Ozarks, Team Lasson is ready and willing to extend our years of service to you!


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Michael Lasson
Senior Loan Officer
NMLS #: 493712

4655 B Osage Beach Parkway
Osage Beach, MO 65065






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

Tuesday, October 20, 2020

Owning a Home at Lake of the Ozarks

Purchasing a home at Lake of the Ozarks is a dream that many share- and understandably so, it's renowned across the nation as the vacation destination of the Midwest! While it may seem like a pipedream, we're here to tell you that your dream of living at Lake of the Ozarks is certainly obtainable. There are prestigious areas at Lake of the Ozarks- where the barriers to entry are extravagant, however, much of the Lake is more affordable than you may realize.

Team Lasson loves Lake of the Ozarks and would be honored to assist you in financing your home at Lake of the Ozarks, to make your dream of living the Lake life come true. Continue reading to find out more about how you can make the Lake area your new home.

Affordability

While you will see numerous million-dollar homes lining the shoreline at Lake of the Ozarks, much of the housing market here is well within your typical price range for a home in Missouri. The median home cost in Missouri is $159,500, the median home price at Lake of the Ozarks, $177,400. Yes, that's still a pretty penny, but think about what you are getting with that price tag as well, the beautiful scenery, an epic summer life, moments away from outdoor adventure, all while remaining close to major city hubs. Lake of the Ozarks is large enough for convenience and activity, yet small enough for privacy.

Opportunity

As the vacation destination of the Midwest, Lake of the Ozarks holds great opportunities for those that own property here, like being moments away from the action via land or water, investment home opportunities, as well as having a dedicated vacation spot. We'll dive further into these opportunities below.

Investments

As mentioned above, being the vacation destination of the Midwest gives Lake of the Ozarks a competitive advantage when you're looking into investment homes, or even just a way to rent out your vacation home part-time to earn some income or pay the mortgage. The housing market at Lake of the Ozarks is like no other, every home and lot is unique, giving the "one-of-a-kind" appeal to your property/investment - a great selling point for potential renters/buyers.

Entertainment

The summer season at the Lake is known nationwide and attracts masses of vacationers. The reason for this is the entertainment here is simply awe-inspiring. Take the small community vibe and hospitality and mix that with the resources to put on stellar performances, events and demand attention, you end up with an experience that can only be found at Lake of the Ozarks. From fun for the whole family to your more adult-friendly atmospheres, Lake of the Ozarks has something for all to enjoy, year-round.

Education

With many of its citizens being second homeowners and the impact that tourism has on Lake of the Ozarks provides the Lake with the resources it needs to provide an outstanding education system. Continually boasting above average results in regard to the state of Missouri, two out of three high school graduates go on to pursue higher education. The Lake's education system consists of state-of-the-art technical career centers, along with community and satellite colleges.

Healthcare

Relative to education above, the healthcare system at Lake of the Ozarks is also second to none. Being centrally located between two major city hubs, St. Louis and Kansas City, provides the Lake access to high-tech medical equipment and connections that allow it to function as efficiently and effectively as it does. The healthcare system here can deal with all incoming needs of its community the moment they walk through the door, so there is no need to ship patients seeking help all across Missouri - they'll take care of you in-house with a dedicated team and the latest technologies available.


Why Move to the Lake?

Lake of the Ozarks, to put it simply, is just an astonishing place to live. When you own a home at Lake of the Ozarks, you get to enjoy the convenience of being at the heart of the action during the busy and prosperous summer season, not missing an ounce of fun. While enjoying a quiet, leisurely atmosphere, taking in all the beauty that the Lake has to offer during the off-season. The Lake is the perfect mix of exhilarating entertainment, comforting convenience, and leisurely Lake living all in one beautiful package. If you're ready to get in on the Lake life and secure your mortgage at Lake of the Ozarks, Team Lasson is ready and willing to extend our years of service to 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






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

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Location: Osage Beach, MO 65065, USA

Tuesday, July 12, 2016

Should I Buy a Home When I Have Student Loan Debt?

Becoming a homeowner is likely the largest financial investment you'll ever make. As someone fresh out of college who is working on paying off those student loans, the dream of owning a home at the Lake of the Ozarks can seem like just that, an unreachable dream. How are you going to save enough money for a downpayment? Or do you not have to? Keep reading to learn if purchasing a home while you're paying on student loans is an option for you.

Homeownership


Many factors should be taken into account when choosing to purchase a home. While renting does not allow you to build equity in your own home, you may question whether adding more debt in the form of a mortgage is the best idea for your budget. Does becoming a homeowner at this point make sense?

Examining Debt


Not all debts are the same. With student loans, your asset is your education, which no one can take away from you. However, if you have mortgage debt and can't afford your payments, your home can be taken away. In addition to your credit score, your mortgage lender at the Lake of the Ozarks will look at your debt-to-income ratio. Depending on how much student loan debt you have, that ratio may be too high to purchase a home at this point in your life anyway. In order for a mortgage to be backed by the government, this ratio can't exceed 43% of your income.

Renting vs. Buying


With all-time low mortgage rates and rising rent costs, homeownership may seem like the best option. However, money isn't the only consideration you need to make. Are you planning to stay put in the same place for awhile, or are you unsure where you want to end up living? If you're planning to stick around the same area for at least two years, then buying might make sense. In this case, buying is more financially advantageous than renting in 70% of housing markets.

Downpayment Options


As someone with student debt, you may be struggling just to make your income match your expenses, let alone have any extra to save for a downpayment. While there are some low downpayment loan options available, the size of your downpayment will affect the total cost of your loan. The less you have to borrow from the bank, the lower your monthly payments will be. You'll also be saving money on interest. Keep in mind though, that you don't want to wipe out your savings to make a downpayment. It's important that you keep a cushion for closing costs, moving expenses, furniture shopping and any unexpected expenses that could arise with your new home.

Buying a home at the Lake of the Ozarks shouldn't solely be based on money though. Are you ready to take on the responsibility of caring for your own home? When you rent, the landlord takes care of any issues you may have, but once you buy, that's all on you. If you have questions regarding becoming a homeowner, give your Lake of the Ozarks mortgage lender a call at 573-746-7211. I'm here for all your home financing needs, and will discuss your options, helping you every step of the way!

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


Michael Lasson
Sr. Loan Officer
NMLS #: 493712

2265 Bagnell Dam Blvd, Suite B
PO Box 1449
Lake Ozark, MO 65049

Direct:  (573) 746-7211

Email:  mlasson@fsbfinancial.com

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

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Location: Lake Ozark, MO 65049, USA
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