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Special Information on Real Estate at the Lake
 The Lake of the Ozarks economy has been on a tremendous growth trend over the last decade. About 50% of the new condominium and homeowners are second homeowners. Because they are only part time residents, our real estate tax base is low. To give you an example, depending on the area, the real estate taxes here at the Lake are approximately $800-$1200 per year for a home with a purchase price of $100,000. The tax base is low and the area townships and government still thrive due to the second homeowners tax contributions, without the maintenance of a full time resident. Request our Free Lake of the Ozarks Relocation Package. It's packed full of useful and important information about Lake Ozark, Osage Beach, Eldon, Camdenton, Sunrise Beach, Laurie, Macks Creek, Montreal, Linn Creek, Rocky Mount, Four Seasons, Porto Cima, and The Villages. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out...
Financing Your Home >Early Loan Approval
Many lenders help prospective buyers get pre-approved for a mortgage loan before the buyers begin a serious house-hunting effort. If you are in this position, give the loan officer all of the information about your assets, income, and debts so they can tell you how much you will be able to borrow under the available loan options. The loan officer will do a credit check and work with the lender to straighten out any problems with your credit rating.
Pre-approval from a lender can make you more attractive to the seller when you find the home you want. Multiple offers sometimes come in on a house, and you may find yourself competing with other buyers. In that case, it is helpful if you have included a letter from the lender with your offer stating that you have an approved loan and are, indeed, qualified to buy. This will also save you time by eliminating from consideration any homes that you would not be able to afford.
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| Q |
What celebrity home sold recently for a reported $5.5 million, despite its yellow-and-rust striped paint job?
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| A |
This Hollywood Hills residence was the former home of the popular singer, Madonna.
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