I’m Travis Buis, a loan officer with Elite Home Lending in Myrtle Beach. Tell me the scenario and I’ll show you what the loan actually looks like, on the property you’re really considering.
A mortgage rate quote for Myrtle Beach should use your numbers and this coast’s costs, not a generic figure from a national rate table.
We pride ourselves on excellent communication and easy accessibility when you need us. Our experienced staff is here to guide you every step of the way.
What goes into a mortgage rate quote for Myrtle Beach?
Why a real quote beats a rate table
Because the advertised number is built on an assumed borrower and an assumed property, and you’re neither. Your credit, the size of the loan against the value, the property type and how you’ll use it all move the pricing.
On the Grand Strand the property type matters more than most places. A condo priced as a second home does not price like a single-family primary residence, even on the same block.
What this coast adds that a national quote will miss
Wind and hail coverage, flood insurance where the maps require it, HOA dues on a beach building, and the difference between the 4% and 6% property tax assessment ratios depending on whether the home is your primary residence.
Those sit in your monthly cost whether or not a rate quote mentions them. I’d rather show you the whole number than a flattering piece of it.
What to tell me
The address or the area, roughly what you’re looking to spend, whether you’ll live there or rent it out, and anything unusual about your income. That’s enough to give you a real answer.
If you’d rather get vetted properly first, get pre-qualified instead, or look through the full list of loan programs to see which ones you want quoted.
