Real Estate Lake of the Ozarks

Are you thinking about buying your very first home? First of all, Fran Campbell Team would like to say congratulations! Buying your first home at the Lake of the Ozarks is exciting but we also understand that it can be a little nerve-racking. Typically when you do something for the first time, you'll have some questions and you may not understand the process fully - buying your first home is no different. That's why today, our real estate team at the Lake of the Ozarks has some advice for the first-time home buyer!  Get Prequalified or Preapproved ASAP. Most of us can't buy a house without getting a mortgage loan. The loan approval process is a winding journey all on its own; depending on your progress on that particular journey, you can either aid or hinder your home buying efforts. Before you begin seriously shopping for homes, we strongly recommend you talk to a lender and get prequalified or preapproved. This will be very helpful going forward! Choose Locati...

If you are reading this then you are more than you're more than likely considering buying your first home very soon. First off, The Fran Campbell Team wants to say congratulations! Buying your first piece of real estate at the Lake of the Ozarks is a big step but it will be so rewarding once you get the keys to your first home! With that being said, if you have never been through the home buying process, knowing what to do can be overwhelming. Don't worry or stress because our team of real estate agents at the Lake of the Ozarks have a few tips to make your home buying process a success! Choose Location First. You can change a lot of things about your new home after you buy it. You can repaint, remodel, and renovate anything you want, but there is one thing you will never be able to change: location. Before you even begin shopping for homes, you should choose where you want to live. There's no point in getting your heart set on a property that's in the wrong p...

Buying a home at Lake of the Ozarks can is a very exciting time for first time home buyers... however, it can also be a bit overwhelming. Purchasing a home is likely the largest purchase you have made at this point in your life so for good reasons, you may be feeling some pressure. Here are a few tips to ease the tension and maintain an organized search with some boundaries and guidelines that will put you on the right track. 1. Determine a Realistic Price Range A very common mistake for any home buyer is purchasing more house than they can afford. Know your budget before looking for a home and be honest about the expenses that you have. By determining this in advance, you will be able to weed out the homes that you cannot afford and only view the homes that fit into your budget.  2. Get Pre-Approved  A pre-approval letter will give you some negotiation power when it comes to the price of the home that you are considering. The pre-approval letter alon...

Whether you're a first-time home buyer or a seasoned professional at this point, your future mortgage payment is going to be one of your top concerns. The mortgage payment is the monthly payment homeowners make, which goes towards the principle and the interest of their home loans.  If you're considering buying a home at the Lake of the Ozarks , you should begin to educate yourself on some of the factors that influence your mortgage payment. Home Price and Down Payment One of the main factors that influence your mortgage payment is the price of your home and what percentage of the price you put down as a down payment. The more expensive the home, the greater your loan will be and, thus, the greater your monthly payment. If you make a down payment of less than 20%, you will have to pay for Private Mortgage Insurance (PMI), which protects the lender from the losses that can occur if a borrower defaults on a loan. If your down payment is 20% of the total price of the ...

Buying a home at Lake of the Ozarks  can is a very exciting time for First time Home Buyers... however, it can also be a bit overwhelming.  Purchasing a home is likely the largest purchase you have made at this point in your life so for good reasons, you may be feeling some pressure.    Here are a few tips to ease the tension and maintain an organized search with some boundaries and guidelines that will put you on the right track. Determine a Realistic Price Range that fits into your budget -   A very common mistake for any home buyer is purchasing more house than they can afford.  Know your budget before looking for a home and be honest about the expenses that you have.  By determining this in advance, you will be able to weed out the homes that you cannot afford and only view the homes that fit into your budget. Get Pre-Approved for your loan.   A pre-approval letter will give you some negotiation power when it comes to the pric...