Wednesday, November 26, 2014

Happy Thanksgiving from Your Lakelender!

Tomorrow is a day to celebrate and give thanks for everything we've been blessed with throughout the year.  It's a time to spend with family and enjoy a delicious feast. Each of you has your own traditions that you celebrate each year, but do you ever think back to the first Thanksgiving.  Why do we celebrate this day of giving thanks?  Your Lake of the Ozarks mortgage lender is here to share some Thanksgiving history with you.

A New World


In September of 1620, the Mayflower ship left Plymouth, England in search of a new land.  The 102 passengers hoped for a new home where they could practice their religion freely and own their own land.  After 66 days of rough sailing, they anchored near Cape Cod and a month later crossed Massachusetts Bay, where they began to establish the village at Plymouth.  Winter was brutal and only half of the original passengers and crew lived to see the first New England Spring. In March, the remaining settlers moved ashore and were greeted by an Abenaki Indian.  Several days later he returned with another Native American named Squanto.  Squanto taught the Pilgrims how to cultivate corn, extract sap from maple trees, catch fish in the rivers and avoid poisonous plants.  He also helped them forge an alliance with the Wampanoag, a local tribe.

The First Thanksgiving 


In November of 1621, after the Pilgrims had their first successful corn harvest, Governor William Bradford organized a feast to celebrate their accomplishment and invited their Native American allies.  This first "Thanksgiving" festival lasted 3 days.  While no records exist of the exact menu, a journal suggests that fowl and deer were served.  Due to having no ovens at the time and the lack of sugar, the meal did not feature pies, cakes or other desserts that we celebrate with now.

An Official Holiday 


Days of fasting and thanksgiving on an annual or occasional basis became a common practice in other New England settlements. During the American Revolution, the Continental Congress designated one or more days of thanksgiving a year and in 1789 George Washington issued the first Thanksgiving proclamation by the national government of the United States.  In 1817, New York became the first of several states to officially adopt an annual Thanksgiving holiday.  In 1827, writer Sarah Josepha Hale, known for the nursery rhyme "Mary Had a Little Lamb" launches a campaign to establish Thanksgiving as a national holiday.  In 1863, Abraham Lincoln finally scheduled Thanksgiving for the final Thursday in November.  It was celebrated every year on that day until 1939 when Franklin D. Roosevelt moved the holiday up a week in an attempt to spur retail sales during the Great Depression.  It wasn't until 1941, however that a bill was signed making Thanksgiving the fourth Thursday in November.

For more information on the Thanksgiving Holiday, visit: www.history.com/topics/thanksgiving.

I would like to personally thank all of my clients, for all the refinancing and home loans at the Lake of the Ozarks that I had the privilege of helping you with this year.  Happy Thanksgiving Everyone!

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211


Tuesday, November 18, 2014

Enjoy a Thanksgiving Feast at Lake of the Ozarks this Year!

Thanksgiving is quickly approaching and all you can think about is the delicious food that comes with the holiday. Owning a home at the Lake of the Ozarks allows you to take advantage of the amazing Thanksgiving Day feasts at some of the best restaurants in the area.  No more slaving away all day preparing an extravagant dinner, you can take the family out for an amazing buffet at one of these local places!

Thanksgiving Grand Buffet at Old Kinderhook

  • Time: 11 AM - 4 PM
  • Price: Adults - $31, Seniors $27, Kids 5 to 10 - $12, 4 and under - Free
  • Reservations: 573-317-3560
  • Menu: includes Turkey, Prime Rib, Pork Loin, Mashed Potatoes, Pumpkin Pie and more! 

Thanksgiving Buffet at the Inn at Grand Glaize 

  • Time: 11 AM - 3 PM
  • Price: Adults - $16.95, Seniors $15.95, Kids 3 to 12 - $9.95, Kids 3 & under - Free
  • Reservations: 573-348-4731
  • Menu: All-You-Can-Eat Thanksgiving Experience

Thanksgiving Day Feast at HK's at the Lodge of Four Seasons

  • Time: 11 AM - 3:30 PM
  • Price: Adults - $39.95, Children 6 to 12 - $14.95, Children 5 & under - Free
  • Reservations: 800-843-5253

Thanksgiving Buffet at Tan-Tar-A in the Grand Ballroom

  • Price: Adults - $27.95, Seniors 55 and up - $18.95, Children 4 to 12 - $14.95, Children 3 and under - Free
  • Reservations: 800-826-8272
  • Menu: Turkey, Ham, London Broil, Salmon & Shrimp

Thanksgiving Dinner at Camden on the Lake

  • Time: 11 AM - 3 PM
  • Reservations: 573-964-2064
  • Menu: Slow Roasted Turkey, Peppercorn Crusted Roasted Strip Loin, Green Bean Cassserole, Smoked Cheddar Mashed Potatoes and much more! 

Thanksgiving Feast at Country Club Hotel

  • Time: 11 AM - 3 PM
  • Price: Adults - $21.95, Seniors 65+ - $19.95, Children 6 to 14 - $14.95, Children 5 and under - Free
  • Reservations: 573-964-2200
  • Menu: Tender Roasted Turkey, Honey Glazed Ham, Pot Roast, Cornbread, Stuffing and more!

Eldon Community Thanksgiving Dinner

  • Time: 11 AM - 2 PM
  • Price: Free, if you do not have a place to go on Thanksgiving please plan to attend. 
  • Reservations: No reservations needed, everyone in the community is welcome! 
  • Home Delivery: available by calling Sarah Merriman at 573-280-2453.
  • Help Wanted: Anyone interested in helping with the event, contact Janet Graham at 573-964-0121.

As your residential mortgage lender here at the Lake, I would love the opportunity to help you manage your Lake of the Ozarks Mortgage Loan or refinance.  Give me a call at (573) 746-7211 or send me an email at mlasson@fsbfinancial.com with any questions you may have!

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211



Friday, November 14, 2014

Enjoy a Stress-Free Holiday Season with these 5 Budgeting Tips

The Holidays can be a stressful time of year. You're trying to balance the extra expense of extravagant foods and Christmas gifts with your monthly expenses such as car payments and your mortgage at the Lake of the Ozarks. These tips from the Mortgage Market Guide will help you budget for a stress-free holiday season!

1. Examine Last Year's Spending. 


Before you start this year's holiday shopping, review what you spent last year.  Take out your old credit card receipts or bank statements and add up the extra holiday expenses.  Be sure to include everything from gift wrap and cards to entertainment and food, in addition to the actual presents you purchased for others.

2. Evaluate Those Past Purchases. 


Of those purchases last year, how many of them could you try to avoid this year?  Can you reduce your gift buying list or reduce the amount you spent on each of those gifts?  Being less extravagant with your purchases and hunting for the best bargains can help you avoid debt this holiday season.

3. Create a Budget for This Year. 


Once you have an idea of what you spent last year and what you're going to need to buy this year, start setting up a budget.  Your budget should be based on money you currently have, not on how much you can borrow.  If your income or expenses have changed in the last year, be sure to account for that as you're budgeting.  You don't want be struggling to make payment on your home loan at the Lake of the Ozarks come January.

4. Create a Detailed Shopping List. 


Once you have your budget, use it to create a detailed shopping list.  You'll need a list of recipients along with columns for the gifts you intend to buy and how much you can spend on each.  As you shop, keep track of your spending by marking it on the list.  If you overspend on one gift, be sure to make up the difference on another so you don't end up over budget.

5. Avoid Impulse Buying. 


Watch out for impulse shopping; it can easily ruin your good intentions.  Don't do anything "last minute," as that is always more expensive.  You need time to shop around for the best deals.  It's tempting to look at a budget as a restriction, but honestly its there for your own protection.

By planning in advance, you can give yourself the gift of a financially stress free holiday!  As your Lake of the Ozarks mortgage lender, I understand the importance of finances.  If I can help you in any way with a home loan or refinancing, please don't hesitate to call me at 573-746-7211.  I'll discuss financing options, offer competitive interest rates and back it up with the first class service you deserve!  

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211

Monday, November 3, 2014

Veterans Day Parade Comes to Lake of the Ozarks

The Lake of the Ozarks Elks Lodge is helping to ensure that we don't forget the meaning and importance of Veterans Day.  They are sponsoring the first-ever Veterans Day Parade in Osage Beach this Saturday, November 8.  The parade will begin at the Osage Beach City Hall at 10:30 am and conclude near the Elks Lodge.  The parade is intended to honor and salute the living and deceased veterans, as well as pump some life into the West side of the parkway!

The History of Veterans Day


Veterans Day started as a celebration of the end of World War I.  The war officially ended on June 28, 1919 when the Treaty of Versailles was signed, but the fighting actually ended seven months earlier when a temporary cessation of hostilities between the allied nations and Germany went into effect on November 11, 1918.  This date is generally regarded as the end of "the war to end all wars."  In 1919, President Wilson proclaimed November 11 as the first commemoration of Armistice Day with this quote: "To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country's service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations..."

The original concept of the holiday was to be observed with parades and public meetings, with a brief suspension of business.  On May 13, 1938, an act was passed to make November 11 of each year a legal holiday, a day to be dedicated to the cause of world peace and to be thereafter celebrated and known as "Armistice Day."  Originally the say was set aside to honor veterans of World War I, but in 1954 it was expanded to honor American veterans of all wars.  In 1968 the Uniform Holiday Bill was signed to ensure 3-day weekends for Federal empoyees by celebrating four national holidays on Mondays: Washington's Birthday, Memorial Day, Veterans Day and Columbus Day.  The holiday has since been changed back to November 11 to preserve the historical significance of the date, as well as help focus attention on the important purpose of Veterans Day: a celebration to honor America's veterans for their patriotism, love of country and willingness to serve and sacrifice for the common good.    

Join  us this weekend at the Lake of the Ozarks for the 1st Annual Veterans Day Parade! Whether you participate in the parade with a float of your own or just cheer on the entrants as they go by, the parade is a way for each of us to say thank you to all those who have served.  As your Lake of the Ozarks mortgage lender, I would love the opportunity to help those veterans with a VA Loan.  If you or someone you know could benefit from a VA Loan at the Lake of the Ozarks, please give me a call at 573-746-7211 or send an email to mlasson@fsbfinancial.com.

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211

Wednesday, October 29, 2014

The History Behind Our Halloween Traditions

Each year everyone scurries around buying candy to hand out to trick-or-treaters, making their Halloween costumes and planning festivities.  Do you ever wonder why we do all these interesting things in preparation for this spooky holiday? Your Lake of the Ozarks mortgage lender is here to share with you the history behind all these traditions!

Dressing Up in Costumes


The tradition of dressing up in costumes has both Celtic and European roots.  Winter was an uncertain and frightening time because food supplies often ran low and for those afraid of the dark, the short days were full of constant worry.  It was believed that ghosts came back to Earth on Halloween and people thought they would encounter these spirits if they left their homes.  To avoid being recognized as the living, people would where masks when they went out so that these ghosts would mistake them as fellow spirits. To keep ghosts away on Halloween, many people would place bowls of food outside their homes to appease the ghosts and prevent them from attempting to enter the home.

Trick-or-Treating 


The tradition of trick-or-treating dates all the way back to the early All Soul's Day parades in England.  During the festivities, poor citizens would beg for food and families would give them pastries called "soul cakes" in exchange for prayers for their dead relatives.  The distribution of soul cakes was encouraged by the church to replace the ancient practice of leaving food and wine for roaming spirits.  "Going a-souling" as the practice was called, was eventually taken up by children who would visit the neighboring houses and be given ale, food and money.

Carving Pumpkins 


Every Halloween season, carved pumpkins peer out from porches and doorsteps.  The practice of decorating Jack-O-Lanterns actually originated from an Irish myth about a man nicknamed "Stingy Jack."  According to legend, Stingy Jack tricked the Devil into promising to leave him alone and not claim his soul is he were to die.  When Jack eventually died, God would not allow such an unsavory figure into Heaven and the Devil kept his word about not claiming his soul.  Jack was sent off into the dark with only a burning coal to light the way.  According to the story, Jack put the coal into a carved-out turnip and has been roaming the Earth ever since.  In Ireland and Scotland, people began to make their own version of Jack's lantern by carving scary faces into turnips or potatoes.  They used the lanterns to frighten away Stingy Jack and other evil spirits.  When immigrants brought the tradition to America, they found turnips were hard to come by and they began using pumpkins instead.

Bobbing for Apples 


Once the Roman Empire conquered the majority of Celtic territory, two Roman festivals combined with the Celtic celebration of Samhain.  One of these festivals was a day to honor Pomona, the Roman goddess of fruit and trees.  They symbol of Pamona is the apple and this festival probably led to the tradition of "bobbing" for apples.  The game began as a British courting ritual with several different variations.  In one set of rules, each apple was assigned to a potential mate and the bobber would attempt to bite into the apple named for the young man she desired.  If it took just one try, they were destined for romance, but two tries meant their love would fade and three meant their love was doomed. Another set of rules stated it was a race to be the first to bite an apple and the first to emerge successful would be the first to marry.  The game eventually declined in popularity, but at the end of the 1800s, Americans explored their immigrant roots and brought back the tradition as a game for both children and adults at Halloween parties.

As your residential mortgage lender here at the Lake, I would love the opportunity to help you manage your Lake of the Ozarks Mortgage Loan or refinance.  Give me a call at (573) 746-7211 or send me an email at mlasson@fsbfinancial.com with any questions you may have!

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211

Thursday, October 23, 2014

8 Reasons to Refinance Your Home

Refinancing your home at the Lake of the Ozarks has its perks.  The first reason that probably comes to your head is to get a lower interest rate. Although this is a great reason to refinance, there are many other reasons to consider a new home loan.  As your Lake of the Ozarks mortgage lender, I'm here to help you consider all your options.  

1. Lower Your Interest Rate


The number one reason people refinance is to get a lower mortgage rate.  Depending on when your home was financed, the interest rates have most likely gone down.  You could save tens of thousands of dollars just by taking the time to fill out the necessary paperwork and gather the needed documents.

2. Lower Your Monthly Payment


Refinancing your home at the Lake of the Ozarks to a lower interest rate could also drastically decrease your monthly payments.  If you're struggling to make ends meet and a couple extra dollars each month could help, now is the time to consider refinancing.  Although refinancing to lower your loan payment could increase the term of your loan, it could make sense for your situation.

3. Shorten the Term of Your Loan


If you currently have a 30-year mortgage, now may be a great time to refinance.  With record low interest rates, you may find that a 15-year mortgage is not much more expensive than the 30-year loan payments you've been making.  Use a mortgage calculator to get an idea of what your payment could be and then contact your Lakelender to see if refinancing is for you!    

4. Stabalize Your Interest Rate


With numbers always changing, many people are seeking fixed-rate loans and getting rid of their adjustable-rate mortgages. Everyone is frightened about inflation and they want stability.  So if they have an adjustable loan, they want out of it.

5. Put Cash In Your Pocket


Sometimes people need cash and one way to do that is to take a mortgage out on a home that is already paid off. Maybe they want to take a vacation or buy a second home with cash.  When they cash out their first home, they have the cash for the second one and don't need a financing contingency, putting them in a better place to bargain. Starting a new business, as well as many other reasons could cause someone to consider taking out a new home loan at the Lake of the Ozarks on a paid-off property.

6. Consolidate Debt


When house prices were rising, many borrowers got cash-out refinances.  They refinanced for more than they owed in order to get cash to either spend or invest.  This craze stopped when the housing bust began. However, many people are still cashing out to pay off credit cards and consolidate their debt.

7. Buy Other Property


A new refinancing trend is to cash out on your current mortgage to purchse other properties. Often times it's to buy investment property. Borrowers need to understand that this can bring up unexpected tax and mortgage writing issues, so be sure to consult with a financial advisor or tax professional.  A lot depends on how the refinanced house and the new property will be used.

8. Family Issues


Divorce often leads to a refinance as a means of removing the former spouse from the note. Other family issues can also lead to a refinance.  Sometimes emergencies come up and you need some extra cash.  For example, BankRate.com tells a story of a mother who used a cash-out refinance to bail out her son who what facing forclosure on his own house.

With interest rates currently at an all-time low, now is the time perfect time to refinance your mortgage at the Lake of the Ozarks.  Despite the sinking rates we're seeing today, a lot of people haven't refinanced.  Many homeowners may not even be paying attention to the news and may not know that interest rates have dropped.  As your Lakelender, its my job to make you aware of these changes and show you the options you have.  Give me a call today at 573-746-7211 to get started!

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211

Friday, October 17, 2014

3 Major Reasons Banks Reject Mortgage Loans

Compared to a few years ago, getting a home loan at the Lake of the Ozarks can be tough. Lenders only accept about 55% of all mortgage applications.  If you're thinking about purchasing a home in the near future, now is the time to start your research and make sure you are prepared to do everything you can to get approved.  Here are 3 major reasons banks reject mortgage loan applications from DailyFinance.com:

1. Improper Income Documentation


Having great credit doesn't automatically mean that you will be approved for a Lake of the Ozarks mortgage loan.  If you can't prove your income and back it up with tax records, you won't be able to get a loan. Some income related activities to avoid if you're planning to apply for a mortgage loan would include job hopping, gaps in employment, not having two consecutive years in the same industry or moving from a salaried position to commission-based work.  All of these activities make it difficult to document your track record and true earnings history.

2. Lack of Strong "Compensating Factors" 


In mortgage industry lingo, a "compensating factor" is a positive aspect in your mortgage application to offset other negatives.  Examples of these factors would include:
  • A large down payment, more than 20%
  • Lower than normal loan-to-value ration, less than 80%
  • Lots of cash reserves, 12 months or more
  • High credit score, above 740
If your application has some issues and you're on the borderline of qualifying because maybe your debt-to-income ration is a little high, compensating factors could help strengthen the application.

3. Property Type


Many Lake of the Ozarks mortgage lenders can be leery of certain types of properties such as second homes and investment properties.  There are funding options for these types of properties; however, they carry more stringent terms such as bigger down payments and more cash reserves. Newly developed condos can also fall in this category.  Many banks won't lend money on condos unless 70% or more of the units have been sold and lenders won't issue mortgages on condos that aren't on the FHA's approved list of condos.

For the full article with additional reasons, please visit: http://www.dailyfinance.com/2010/05/17/7-reasons-banks-reject-mortgage-applications-and-how-to-get-app/

When it comes to your financing needs, I'm committed to working with you every step of the way. I'll discuss financing options, offer competitive interest rates and back it up with the FIRST Class Service you deserve and I guarantee.  Contact me today at 573-746-7211 to get started on a mortgage for your new home at the Lake of the Ozarks!

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


Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

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

Direct:  (573) 746-7211