Your Favorite Real Estate Team

Buying a home is a major investment, possibly the largest investment you will ever make! Your Favorite Real Estate Team has the best realtors at the Lake of the Ozarks , and we are here to tell you why now might be the perfect time to buy your first home. Read on to learn more about home buying and give us a call to find your dream home at the Lake of the Ozarks . Low Rates Rates are low right now. In fact, the average fixed mortgage rate on a 30-year loan is 3.83 percent. FHA loans, or Federal Housing Administration loans, are even lower at an average of 3.22 percent. Now could be a great time to jump into the housing market and find the perfect place to call your own.  Build Equity Home values very seldom depreciate in value. In fact, homes are considered an asset because they gain so much value over time. The Lake of the Ozarks is also a growing community, with more and more people living at the Lake full-time each year. Property values are consistently rising,...

Refinancing is on a lot of minds right now due to the current climate, but is it really worth it? While we are not financial experts, Your Favorite Real Estate Team is the best real estate agency at the Lake of the Ozarks and we have some tips that could help. Today we are covering a few general guidelines you may want to follow when making the decision to refinance. (Of course, before you make any major financial decision, it is a good idea to consult with your financial advisor.) It is said that you should follow the Rules of 5 when considering whether or not it is a good time for you to refinance. Read on to learn more! Point 5 Percent In past years, the advice was that you should only refinance if it would save you 1-2 percentage points; however, that has changed in more recent years. As rates become lower overall, percentage points can make a bigger difference with smaller adjustments. Therefore, the current recommendation is that your new interest rate should be at leas...

Moving into a new home can be a stressful process. After all, you are picking up your whole life and, in a way, starting over in a new place. It can be easy to worry that you're going to forget something, that items will get lost in the process, or that packing won't go well and your belongings will be impossible to find later. Your Favorite Real Estate Team is here for you to help with tips and tricks on how to pack like a pro for a smooth move into your new house at the Lake of the Ozarks . Read on to learn more!  Make a Checklist If you try to dive into the packing process without a plan or checklist, then it could quickly become overwhelming and things could be forgotten. For instance, you may be so used to the shower curtains being a permanent fixture in the bathroom that you forget to pack them!  Make a detailed list room-by-room of everything that needs to be packed. It can be helpful to plan ahead for fragile or heavy items to get a special place in t...

Thinking about buying a home at the Lake of the Ozarks ? Your Favorite Real Estate Team has the best real estate agents at the Lake of the Ozarks , and we are here to help you with all your questions about buying a new home. One big factor of the home buying process is getting approved for a home loan, which can be dependent on your credit score. Today we are talking about credit scores and general information that could help you better understand your numbers. (We are not financial advisors, so keep in mind that it is best to consult with a professional before making financial decisions.) What is a Credit Score?  Credit scores are calculated numbers that help lenders understand your credit history and how financially responsible you are. This number is calculated by taking several financial factors into consideration including the length of your credit history, your utilization of credit, kind of credit, new applications for credit, and timeliness of payments. C...