An assumable mortgage in Myrtle Beach lets you take over a seller’s existing loan instead of getting a new one. You step into the seller’s shoes, keep the loan’s interest rate and remaining term, and the lender approves you the…
A reverse mortgage in Myrtle Beach gets sold to retirees more aggressively than almost any other loan product, and most of what gets said about it is either oversold or flatly wrong. So here’s the plain version. A Home Equity…
A jumbo loan is simply a mortgage too big for Fannie Mae and Freddie Mac to buy. The line that decides it is the conforming loan limit, and it moves every year. Here’s the part that matters when you’re looking…
A DSCR loan qualifies the property instead of qualifying you. That’s the whole idea in one sentence, and it’s why investors buying on the Grand Strand ask about it constantly. Here’s the part that matters. The number that decides your…
If you own a business around Myrtle Beach, work on 1099, or make most of your money between March and October, you’ve probably been told a mortgage is going to be hard. That’s not quite right. The loan isn’t harder…
Whether this is your first or tenth home purchase, shopping for a new home is an exciting time. It can also be a stressful and lengthy process. This guide can help you stay on track and in your new home…
Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to home ownership. Determine Your Budget: It’s best to determine how much house you can afford early in the process to avoid falling in love with…
If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure, provided at least three full days before closing when you sign the final purchase documents, means that you…
Before you begin your new home search, talk to a lender about getting preapproved for a mortgage. This important step can save you time in negotiations and keep your search on target and within budget. What exactly is a preapproval…
Buying a home is a big purchase, one that takes time to save up to afford. Many homebuyers use a mortgage to finance the majority of the cost, but still need to save up a down payment. Here are five…
