South Carolina Home Loans & Home Equity Loans: What’s the Difference?

"In addition, those who wish to qualify for good interest rates on both mortgage loans and home equity loans must have good credit scores as well as low debt-to-income ratios. One key requirement for home equity loans, however, is that the homeowner must have sufficient equity in the home. He or she can usually take out a home equity loan worth up to 80% of the home’s value, even without mortgage insurance. Before obtaining SC home loans or home equity loans, you might want to be avoid confusion by learning about their key distinguishing features. This way, you can make more informed financial decisions. Highly experienced mortgage experts at trusted firms like Churchill Mortgage can help you choose from a range of suitable loan products that cater to your specific needs."

http://south-carolina.churchillmortgage.com/info-article/south-carolina-home-loans-home-equity-loans-whats-the-difference/

On Affordable South Carolina Home Loans and Purchasing Homes Quickly

Just when things were looking up for South Carolina, it would seem that the rush to buy prime real estate has created yet another problem for buyers. With less and less properties up for grabs, buyers will need to act fast in order to purchase the homes of their choice. Buyers are still urged to carefully choose lenders of flexible South Carolina home loans. While a housing shortage can send some buyers into a panic, it certainly pays to stay calm and make rational decisions. Recklessly settling for any old home loan lender can come back to haunt buyers, especially if the lender charges exorbitant interests or has any tricks up his sleeve. Buyers should take their time when choosing a lender and make sure that the mortgage plan has no hidden strings attached.

http://south-carolina.churchillmortgage.com/industry-news/on-affordable-south-carolina-home-loans-and-purchasing-homes-quickly/

Trusted Providers of South Carolina Home Loans Can Help You Get Your Dream Home With the Right Lending Terms

"Home sales in Columbia and the rest of South Carolina have shot up considerably in the last few months, with recent sales figures considered the highest in five years. Robert Burris of TheState.com reported last July 15 that this trend was largely driven by the sudden rise in interest rates and home prices, which most likely spurred buyers into action for fears of any further increase. Home values have also gradually risen over the past year. Additionally, home sales across the entire state were a good mix of new homes and resales. With all indications pointing to a favorable real estate climate, buyers should not miss out on increasingly limited opportunities and should be circumspect in purchasing properties. Part of wise home buying entails tapping the services of a South Carolina home loans company with a solid reputation."

http://south-carolina.churchillmortgage.com/industry-news/trusted-providers-of-south-carolina-home-loans-can-help-you-get-your-dream-home-with-the-right-lending-terms/

Trust Good Faith Estimates When Making South Carolina Home Loans

"Good Faith Estimates are documents that your lender will give you when you apply for a South Carolina home loan. Also known as GFE’s, these documents are specific to the property for which you are looking to purchase, and show an estimate of every single fee associated with said home. The intention is to give you an idea as to what kind of financial commitments will be required of you. By law, GFE’s must be given to you within three business days of applying for your South Carolina home loans. Once the GFE has been issued and given to you, your lender can’t make any additional changes to the fees on the document. "

http://south-carolina.churchillmortgage.com/industry-news/trust-good-faith-estimates-when-making-south-carolina-home-loans/