We’ve teamed up with Leah Odom, the Senior Loan Officer at the Carolina One Mortgage office here on James Island, to get you more information about financing a home – home loans/mortgages, interest rates, credit scores, and tips for getting the loan you need.
This category currently has 25 blog entries.
The FHA Modernization Act will soon be reducing the 3% down payment requirement to 1.5%. This act will also increase the loan limit from $251,000 to $417,000. These two improvements will make it easier for home buyers around the country to ...
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A big advantage of using an FHA loan is that you only have to put 3% down. And, you can get a third party to pay that 3% for you, which means that you don’t have to make a down payment. This is one way of getting a 100% loan for buyer...
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Two things are very important when building credit. First, you need to have a high limit and a low balance. The more you have of this combination, the better your score. Second, you need to make your payments on time. These two ...
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We’ve included a list of everything you need to get started on your home loan. These requirements are standard for any lender. Depending on the lender, you may not need all of this information upfront, but they’ll request the ...
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Some home buyers (especially first-time home buyers) think that a down payment is the only cost of buying a home. However, they soon realize that their down payment is one of many costs that require cash or a check upfront. So, how much s...
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Many factors can affect your financing during the home buying process. From the time you apply for a mortgage until the time of closing, you should not make any drastic changes to your financial status. So, be sure to follow these 8 tips ...
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When it comes to financing a home, buyers have plenty of choices. Having lots of options means that buyers can find a mortgage that suits their needs. However, these options can also make financing a home overwhelming. So, we are go...
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The first step in figuring out which home you can afford is to talk with a home loan officer so that you can get pre-qualified for a loan. There is no reason to make plans for a house that you love but cannot afford. Getting pre-qualified...
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