Wednesday, August 26, 2020

Shootout Week 2020 at Lake of the Ozarks!

It is a big week at the Lake as we eagerly await one of the Summer’s biggest events - The Shootout! If you don’t have plans this weekend, you do now! Your favorite mortgage lender at Lake of the Ozarks has all of the details about this fun, fast, and exciting event! Here is a schedule of events for this week as well as some history about The Lake of the Ozarks Shootout!



Shootout On The Strip Street Party
Aug 26, 2020
Bagnell Dam Strip
Bagnell Dam Blvd.
Lake Ozark Missouri 65049

Hours of Operation: 5:00 pm to 10:00 pm

The “Shootout on the Strip” presented by Waves & Wheels is a fun, family event where over 5,000 people come to see your boat up close and personal on the Historic Bagnell Dam Strip! Feel free to bring along photos or pictures of your boat to autograph for the kids!

Shootout Poker Run Meet & Greet
Aug 27, 2020
Performance Boat Center
1650 Yacht Club Dr
Osage Beach MO 65065

Website: https://lakeoftheozarksshootout.com/events/silent-auction/
Facebook: https://www.facebook.com/LakeOfTheOzarksShootout/
Hours of Operation: 4:00 pm – 9:00 pm

Shootout Poker Run Meet & Greet presented by PolyLift Boat Lifts and Lakefront Living Realty. Annie Faulstich.

Shoot Out Welcome Party
Aug 27, 2020
High Tide and Performance Boat Center
1675 Yacht Club Drive
Osage Beach MO 65065

Hours of Operation: 5:30 pm

Poly Lift Poker Run registration is at 4:00pm. The buffet will start at 5:30pm and go until 8:30pm. The Buffalo Ruckus will play at High Tide from 7:00pm to 10:00pm. Fireworks will start at 9:00pm. This is also the Launch party for Good Boy Vodka. Can't wait to see you there!

The Great Lake of the Ozarks Shootout Silent Auction
Aug 28, 2020
Captain Ron's
82 Aloha Ln
Sunrise Beach MO 65079

Website: https://lakeoftheozarksshootout.com/events/the-great-lake-of-the-ozarks-shootout-silent-auction/
Facebook: https://www.facebook.com/LakeOfTheOzarksShootout/

The Great Lake of the Ozarks Shootout Silent Auction Presented by Boulevard Brewery.
Location: Captain Ron’s inside Chill Zone Auction Tent
Friday, August 28th; 8:00 am – 5:00 pm
Saturday, August 29th; 9:00 am – 3:00 pm

Shootout Poker Run
Aug 28, 2020
Multiple Locations
82 Aloha Ln
Sunrise Beach MO 65079

Website: https://lakeoftheozarksshootout.com/events/poly-lift-poker-run/
Facebook: https://www.facebook.com/LakeOfTheOzarksShootout/

Lake of the Ozarks Shootout Poker Run presented by PolyLift Boat Lifts and Lakefront Living Realty, Annie Faulstich.

  • Captain Ron’s (Breakfast Stop: (8:00 – 10:00 am)
  • Big Dick’s Halfway Inn
  • Larry’s on the Lake
  • Nauti Fish
  • Waves ‘N Wheels Boardwalk
  • Paradise
  • Red Head’s Lake Side Grill
  • Shady Gators (Final Stop & Awards Presentation: 6 PM)

32nd Annual Lake of the Ozarks Shootout
Aug 29, 2020 - Aug 30, 2020
Captain Ron's
82 Aloha Lane
Sunrise Beach MO 65079

Email: duggan@usmo.com
Website: http://www.lakeoftheozarksshootout.com

The Lake of the Ozarks Shootout, held at Captain Ron's Bar & Grill and the 33MM-34.5MM, will bring top powerboat racers and offshore racing powerboats from across the country, topping 200 MPH. The largest unsanctioned boat race in the Midwest with over 100 racers and 100,000 spectators. Proceeds will benefit the Lake Area Rescue Teams and other charitable organizations!

Make a whole week of it! Enjoy Shootout events happening all week leading up to the main event. Events include R/C Mini Powerboats Shootout, Golf Tournament, Treasure Hunt, Shootout Strip Street Party, Vendor Villages, Live & Silent Auctions, Poker Runs, Live Entertainment and much more.

For more information and a complete schedule visit the official Lake of the Ozarks Shootout website.

32ND ANNUAL SHOOTOUT

"The Lake of the Ozarks Shootout is the largest unsanctioned boat race in the US, named one of the nation’s eight “must-see” boating events according to Powerboat Magazine, the Shootout will take place for the ninth year at Captain Ron’s Bar & Grill in Sunrise Beach (Lake Road 5-50, mile marker 34.5). The event raises funds for eight Lake-area rescue teams and numerous other charitable organizations; last year, $357,000.00 to 32 different Charities and 8 Fire Departments. The Lake of the Ozarks Shootout is alive and well and looking forward to the 32nd year in August of 2020."


Have a Safe & Fun Weekend!

Team Lasson hopes that you have a great weekend at Lake of the Ozarks! If you are visiting for the weekend and realize how much you love it, we have the perfect solution for you. This is an amazing time to buy a home at Lake of the Ozarks and Team Lasson is ready to help you with your Missouri mortgage. You can visit our website to learn more about our services (www.YourLakeLoan.com) or 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






**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, USA

Thursday, August 20, 2020

FAQs About Closing Costs

Buying a home at Lake of the Ozarks is a big undertaking that can feel so rewarding when you finally sign all of the paperwork and get your keys! Of course, there is still one more piece of the puzzle that you will also do on closing day and that is to finalize your costs. If you aren’t sure what is involved in closing costs, we are going to take a look at a few frequently asked questions about closing costs and what they are!



Q: What Do Closing Costs Cover

A: If you’re curious about what closing costs cover, you’ve come to the right place! They are made up of a combination of payments to vendors, government entities, and your lending institution. All of these businesses played a role in helping you get your new home, which is why the closing costs are there. Closing costs are payable with your down payment, but they are separate fees.

Here are some of the most common fees that could be included with the closing costs:
  • Appraisal Fee
  • Attorney Fees
  • Closing Fees
  • Credit Report Fee
  • Discount Points
  • Document Preparation Fee
  • Escrowed Deposits for Property Taxes and Insurance
  • FHA Up-Front Mortgage Insurance Premium
  • Flood Determination Fee
  • Home Inspection
  • Home Warranty
  • Homeowner’s Association (HOA) Fees
  • Homeowners Insurance Premium for first year
  • Miscellaneous State and Local Fees
  • Notary Fee
  • Owner’s and Lender’s Title Insurance Policy
  • Origination Fee
  • Pest Inspection
  • Prepaid Interest Fee
  • Private Mortgage Insurance Fee (PMI)
  • Property Tax
  • Real Estate Agent Commission
  • Recording Fees
  • Settlement Fee
  • Survey Fee
  • Title Company Title Search Fee
  • Title Insurance and Binder
  • Title Search
  • Transfer Taxes
  • Wire Transfer Fee
  • VA Funding Fee

Q: How Much Are Closing Costs?

A: It’s hard to pin down exactly how much the closing costs are going to be, but they generally range between 2-5 percent of the total sales price.

Q: When are Closing Costs Due?

A: You can anticipate that the closings costs are due on the day of closing, however some purchases and fees may be paid independently of closing.



As you can see, there are a lot of processes that go into the purchase of a home and the costs involved. This is not a comprehensive list, and you will need to talk with your lender to determine an estimate of what your specific closing costs will be.

For more information about what's involved with financing a home at Lake of the Ozarks, give Lakelender Michael Lasson a call at 573-746-7211. I'm committed to working with you every step of the way. I'll discuss your 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
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, USA

Thursday, August 13, 2020

A Few Ways Debt Affects Your Mortgage

If you are looking into financing a home at the Lake of the Ozarks, you’ve surely heard about how your credit score can impact your purchase. Many factors will play a role in your home buying endeavors, but one that you may not have thought about is your debt to income ratio. This one little aspect can play a huge role in your home-buying plans, so it makes sense to take a few moments to evaluate it. Here are a few things you may want to know about debt and mortgages and how they work together.

What is Your Debt-To-Income Ratio?

When determining what your debt to income ratio is, you can quickly do the math and come to your own conclusion. You will add up all of your monthly payments including credit cards, personal loans, and current mortgages. You can then divide that number by your gross monthly income. This resulting number is your debt to income ratio, and it will help your Missouri lender determine if you can afford another debt payment each month. An ideal debt to income ratio would be 25% or less, and if your debt to income ratio is above 43% you may need to wait a little longer to buy a home and spend some time paying off your current debt.

Unsecured & Secured Debt

Did you know that there are different types of debt? In fact, some can actually show that you are reliable while others may hurt your chances of securing your mortgage. The two main types are secured and unsecured. Here are a few details about these types of debts and why you may or may not want them.

Unsecured

Credit card debt is considered unsecured debt and can be detrimental to your scores if your current balance is more the 50% of your available credit limit. That means nothing is backing it, you can’t trade anything in or foreclose on it. It’s debt that is not secured to an item. Student loan debt is also considered unsecured, but it isn’t necessarily bad if you are consistently paying your bills on time. In many cases, student loans can even help raise your score. However, other loans like personal loans or credit card debt, even when paid on time, can still lower your score.

Secured Debt

Secured loans include auto loans, mortgages, or any loan that is balanced against something that could get taken away. There are some cases where auto loans can raise your credit score by diversifying the type of debts you have. Sometimes an auto loan can also be viewed more favorably than credit card debt because auto loans are harder to obtain than credit cards. Did you know that mortgage payments can also look good on your credit report? As long as they have been paid on time, that is. If you were ever late on a payment, that can look like a risk to a new lender.



If you're concerned with how your debt will affect your chances of obtaining a home loan at the Lake of the Ozarks, give us a call at 573-746-7211. We can discuss your questions and concerns, go over your financing options, offer competitive interest rates, and back it up with the first-class service you deserve. Together, we'll work towards getting you into that dream home of yours!

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, USA

Thursday, August 6, 2020

August Events at Lake of the Ozarks!

Summer is still in full swing at the Lake, and we’ve been having AMAZING weather! If you’re looking for something fun to do while at the Lake, there is a calendar full of activities happening where you and your family can get out and enjoy the weather, family fun, and Lake of the Ozark lifestyle! Here is a fun list of things you can do through August at Lake of the Ozarks. 


Aug 07, 2020 - Aug 08, 2020
Hours of Operation: 9:00 am - 5:00 pm
Evergreen
6711 Highway 54 West
Osage Beach MO 65065

Aug 07, 2020
Camden County Historical Society
206 S Locust
Linn Creek MO 65052

Aug 08, 2020
Hours of Operation: 8:30 am
Lower Spring Trail Parking Lot, Ha Ha Tonka State Park
1491 Missouri D
Camdenton MO 65020

Aug 08, 2020
Lake Ozark Speedway
50 Twiggy Lane
Eldon MO 65026

Aug 10, 2020
Hours of Operation: 12 pm
The Oaks Golf Course
1524 State Hwy KK
Osage Beach MO 65065

Aug 13, 2020 - Aug 16, 2020
Margaritaville Lake Resort
494 Tan-Tar-A Drive
Osage Beach MO 65065
Hours of Operation: 1:00 pm – 1:00 am Each Day

Aug 14, 2020
Hours of Operation: 5:00 pm – 10:00 pm
Bagnell Dam Strip
1 Bagnell Dam Blvd
Lake Ozark MO 65049

Aug 15, 2020
Hours of Operation: 8 am
Surdyke's Port 20
5395 Spruce Lane
Osage Beach MO 65065
Phone: 573-348-6575

Aug 20, 2020
Hours of Operation: 5:30 pm
Bagnell Dam Strip
Bagnell Dam Blvd
Lake Ozark MO 65049

Aug 21, 2020
Hours of Operation: 5 pm to 8 pm
Bridal Cave/ Thunder Mountain Park
526 Bridal Cave Road
Camdenton MO 65020

Aug 21, 2020
Hours of Operation: 8:00 am
Multiple Locations
82 Aloha Ln
Sunrise Beach MO 65079

Aug 24, 2020
Hours of Operation: 5:00 pm
Captain Ron's
82 Aloha Ln
Sunrise Beach MO 65079

Aug 26, 2020
Hours of Operation: 5:00 pm to 10:00 pm
Bagnell Dam Strip
Bagnell Dam Blvd.
Lake Ozark Missouri 65049

Aug 27, 2020
Hours of Operation: 4:00 pm – 9:00 pm
Performance Boat Center
1650 Yacht Club Dr
Osage Beach MO 65065

Aug 28-29, 2020
Friday, August 28th; 8:00 am – 5:00 pm
Saturday, August 29th; 9:00 am – 3:00 pm
Captain Ron's
82 Aloha Ln
Sunrise Beach MO 65079

Aug 28, 2020
Multiple Locations
82 Aloha Ln
Sunrise Beach MO 65079

Aug 29, 2020 - Aug 30, 2020
Captain Ron's
82 Aloha Lane
Sunrise Beach MO 65079 


Welcome to Lake of the Ozarks!

Whether you’re visiting us this month or a regular at the Lake, we hope that you have a wonderful and safe vacation at Lake of the Ozarks. If you are vacationing and decide that you could see yourself living here, Team Lasson is ready to assist as your local Lake of the Ozarks mortgage lender. You can visit our website (www.YourLakeLoan.com) to learn more about our company and get the pre-approval process started by completing the online application! This is an amazing time to take advantage of the low-interest rates and purchase a home, and we would love to have you here at the Lake!

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, USA

Friday, July 31, 2020

Tips for Building Your Credit Score

Your credit score will play a large role in getting your home loan, which means that paying attention to it and working to build it can be valuable. Your credit score will be used to determine your financial trustworthiness, and even if you aren’t thinking about buying a house right now, it can take time and planning to build it. Team Lasson has a few tips to help you make sure that you are working for the benefit of your credit score!


Watch Your Card Balances

One of the biggest things that you will want to watch is that you keep your credit card balances low. One of the major factors in determining your credit score is how much of that available credit you’re actually using. A good rule of thumb is the smaller the percentage the better, and an ideal percentage would be around 30% or lower. Another tip is to see if your credit card issuer will accept multiple payments throughout the month in order to get that statement balance down.

Consolidate Credit Card Debt

If you have multiple cards with small balances on each one, a good way that you can aim to improve your credit score is to get rid of those balances completely. An interesting factor that plays a role in determining your credit score is simply how many cards you have with balances.

Keep Your Credit Looking Strong

Two issues that can sink your credit or cause you to look risky are missing payments or suddenly paying less or charging more than you normally do. These actions can indicate risk in your accounts and could make it more challenging for your loan to go through. Essentially, you want every purchase to show that you are not going to be a risky investment and that you will pay the money back with timely payments.

Keep Accounts Open and Don’t Open New Ones

Did you know that closing unused credit cards will not raise your score? In fact, in most cases, it can cause your utilization rate to dramatically increase. On the other hand, you don’t want to open many new accounts while you are in the process of raising your credit score as this could reduce your utilization rate and backfire on you. Just keep a slow and steady pace and know that every step you take in the right direction will help get you there.

Pay Bills On Time

When planning to purchase a home at Lake of the Ozarks, you may be saving up money, but don’t let that savings spree delay your monthly expenses. It’s important to continue to pay your bills on time, as paying them after the due date can affect your credit score. Remember that even if you have a large sum of money in savings, a drop in your credit score due to not paying your bills on time could cause issues with your home purchase.


In general, building your credit score is about fixing errors in your credit history and then maintaining a consistent, good credit history from there on out. Raising your credit score will take patience and discipline, but it will all be worth it when you get to buy a dream home at Lake of the Ozarks. If you're thinking about applying for a home loan at Lake of the Ozarks anytime soon, contact me at 573-746-7211. As your Lake of the Ozarks mortgage lender, I'll work with you every step of the way!

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, USA

Friday, July 24, 2020

Things to Do Before You Start Home Shopping

If you have been thinking about purchasing a home at Lake of the Ozarks, it can be tempting to start the process by scouring the MLS listings. Before you start daydreaming about the perfect home and choose the location you want your vacation home at Lake of the Ozarks to be - there are a few things you can do to give you a good start. Team Lasson is here to help, so we have a few tips to help you get started before you begin looking for a home.


Speak With a Mortgage Lender

One of the first things you may think to do when you are ready to purchase a home would be to speak with a real estate agent. While it will be vital to speak with a reputable real estate agent to buy a home, it’s not necessarily the first step in the process. When you speak with a mortgage lender first, you will get a good idea for how much you can afford in your monthly mortgage. We will start with a pre-approval for a mortgage loan, and you can apply for this by simply going to our website (www.YourLakeLoan.com)

Creating a Proper Budget

Your mortgage payment is not going to be the only expense when you purchase a vacation home. You will need to make a budget that will include taxes, insurance, homeowners association fees (if applicable), home maintenance, and repair expenses that could come up. When you make a plan ahead of time, it makes it easier to not be surprised by expenses that may come up or unexpected emergencies related to owning a vacation home.

Decide What You Want In Your Home

Before you start looking at homes and are beguiled by their charm and appeal, you can sit down and decide what you truly want. Do you want your vacation lake home to have an amazing view? Would you prefer a large kitchen or plenty of guest room space? Spend this initial time making a list of needs and a list of wants so that you can pick through homes accordingly once you start your search.

Save Money And Organize Your Assets

You may have already started setting aside money for a while now, and if you haven’t, this is the time to start. You will be able to get a loan to cover a large portion of the cost of the home, but you will still need cash for some upfront expenses like the downpayment, closing costs, escrow accounts, reserves, etc.

A good thing to keep in mind is that the more money you’re able to offer for a downpayment, the better terms you can get for your loan. Setting aside money now and having your finances in order can be a really important aspect of buying a home!

Time to Buy a Vacation Home at Lake Of The Ozarks

After you've done these steps, now you can talk to a real estate agent and start your home search. You, your mortgage lender and your real estate agent will all work together throughout the entire home buying process. There's a lot that goes into getting a home loan at Lake of the Ozarks and making that purchase. As the best mortgage lender at Lake of the Ozarks, I'm here to help you every step of the way. Give me a call at 573-746-7211 to get started on your pre-approval 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






**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, USA

Friday, July 17, 2020

Things to Know When Buying a Vacation Home in 2020

2020 has been quite the year for the real estate market. Homes are selling right and left and the interest rates are phenomenal, which means that if you have been considering purchasing a vacation home at Lake of the Ozarks, this is the time to get involved. Vacation homes at the Lake are considered an excellent investment, but with any investment, there are a few things you will want to know going into this purchase. Here are a few things that may be helpful as you navigate real estate buying at Lake of the Ozarks through 2020.

Consider Your Budget

This is the first and most important step in purchasing a new home - how much can you afford? The cost of the home is just the beginning, as you will also want to consider property taxes, insurance, utilities, and HOA fees. You will also want to plan for the additional items like furnishings, seasonal gear (dock and boating accessories, water toys, etc.), kayaks, and more.

One easy way to figure out how much home you can afford is by getting the process started with a pre-approval. You can visit our website at www.yourlakeloan.com, fill out the application, and when we have finished running the numbers, we will let you know the maximum amount you can spend on a new property.

Take Advantage of the Interest Rates

If you have been thinking about purchasing a home, there really is no time like the present. The reason you should make the consideration now is that the mortgage rates are exceptional. While this may not be a great reason to make a sudden decision to buy a home (but it is still a consideration!), it is a good reason to change your timeline if you have been considering it, but just were not sure when you wanted to take the leap. For all the people buying homes, we are also seeing a large surge in people refinancing their homes, so knowing what is happening in the interest rate world should play a role in your thought process when buying a vacation home at Lake of the Ozarks.

Consider Your Long-Term Goals

When you are planning on buying a home in 2020, it is important to think about long-term goals. Will you want a place to retreat to on the weekends, or are you looking for a place to get out and enjoy time with friends and family. Are you looking for an investment property? Or you are planning for a potential retirement home? Thinking about your future plans for the property will not only help you know what type of home to get and where, but can also help with the type of loan that you will choose as well. Investment properties can have different requirements, so if you are planning on going that route, it is better to know in advance.


2020 Is Your Year

If you have been dreaming about buying a home at Lake of the Ozarks, this could be the year for you. We invite you to visit our website and learn more about our mortgage division at Lake of the Ozarks, as well as fill out an application for a pre-approval. We look forward to working with you and helping you secure the home of your dreams a Missouri mortgage. Happy house hunting!

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, USA
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