Financing in Myrtle Beach : Questions & Answers

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Andrew Liebe…, Real Estate Pro in Sunrise, FL
Andrew Liebenhaut PA answered:
Can Anyone Recommend a really good FHA 203k Lender ?
FHA 203k INFO

I use FHA 203k LOANS for my clients that realize they get more home with more equity when they rehab themselves!!!!!

I use Hamilton Group Funding
Reasons to use FHA ... more
0 votes Share Flag Fri May 1, 2015 Financing in Myrtle Beach
terzo711, Real Estate Pro in Myrtle Beach, SC
terzo711 answered:
Is it possible to get financing on a Myrtle Beach Condotel?
Mike, My name is Richard Terzo, I am with Anchor Mortgage here in Myrtle Beach. I think you are getting some pretty good advice from the experts on this matter. Most of what I have read ... more
0 votes Share Flag Mon May 12, 2014 Financing in Myrtle Beach
Summer Davis, Real Estate Pro in Myrtle Beach, SC
Summer Davis answered:
I am looking for financing for a condotel unit at Myrtle Beach in 2013. Would appreciate hearing from someone who has or will finance a condotel.?
I can help you with financing your non/warrantable condo or condo-tel. If you are purchasing as an investment and own no other property in the Myrtle Beach area, we consder it a seconda ... more
0 votes Share Flag Fri May 2, 2014 Financing in Myrtle Beach
Anthony Schi…, Real Estate Pro in 29579
Anthony Schibilia answered:
What is the condition of the pool and why in present condition of beams and chicken wire?
Even Trulia which is one of the better consumer websites can produce some outdated information. Once you choose a Realtor to connect with, you should get much better real time listings ... more
0 votes Share Flag Thu Mar 6, 2014 Financing in 29579
terzo711, Real Estate Pro in Myrtle Beach, SC
terzo711 answered:
What banks can you get financing at in SC for Condotels?
Anchor Mortgage Llc offers several programs for financing Condotels. Anchor represents over 40 banks in the area and can find the best and most affordable program to help with all of yo ... more
0 votes Share Flag Tue Feb 4, 2014 Financing in Myrtle Beach
Jason Haynes, Real Estate Pro in Myrtle Beach, SC
Jason Haynes answered:
what is going rate for owner financed properties?
It's my understanding that to prevent predatory lending, Owner financed properties will have to be structured over a term starting in 2014. I'm not positive if there will be any specifi ... more
0 votes Share Flag Tue Dec 17, 2013 Financing in 29575
colleenfremo…, Home Buyer in Millsboro, DE
colleenfremont answered:
try \to buy a place and we will move\ there in couple years and i need agency help to find a place and while we not live there could it
we would like to refinance our double wide home and we have a very good and very clean credit report, but back in August of 2011 we were advised to go with consolidated credit counselin ... more
0 votes Share Flag Wed Jul 3, 2013 Financing in Myrtle Beach
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
I am looking to do a short refinance. I have looked at all other options, and feel this to be the best way to go.
We have only one Investor out of 12 that we sell our loans after funding that allows a short pay refi. The process is relatively similar to a short sale, but instead of selling your hom ... more
0 votes Share Flag Thu Jun 6, 2013 Financing in Myrtle Beach
Patrick (Pat)…, Real Estate Pro in Myrtle Beach, SC
Patrick (Pat) Graw answered:
We are considering buying a condo in Anderson Ocean Club . Is financing available and are there other comparable buildings in the area?
There are some great suggestions in here as to comparable properties, however, in order to provide you with some additional options...I have a few questions of you before suggesting oth ... more
0 votes Share Flag Sat May 18, 2013 Financing in Myrtle Beach
Patrick (Pat)…, Real Estate Pro in Myrtle Beach, SC
Patrick (Pat) Graw answered:
sould i pay off the house and rent it out or do some finnancing
Not sure I fully understand your question...and would need more details of your situation before attempting to guide you in your decision-making process. If you'd like, please give me a ... more
0 votes Share Flag Sat May 18, 2013 Financing in 29572
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
I am in the process of purchasing a short sale 600 sq ft 1BR oceanfront condo and am having difficulty getting financing. Any suggestions?
Financing a condo requires a near miracle.
The complications stretch far beyond the horizon.
You really need to chat with a professional to get a grip of the situation. Have them rese ... more
0 votes Share Flag Tue Oct 2, 2012 Financing in Myrtle Beach
Jojo, Both Buyer and Seller in Charleston, SC
Jojo answered:
Who finances Mfg. homes on leased land in Myrtle Beach, SC?
Ask the owner to finance it for you.
0 votes Share Flag Tue Oct 2, 2012 Financing in Myrtle Beach
Mike & Sandy…, Real Estate Pro in Myrtle Beach, SC
Mike & Sandy Quast answered:
We have great credit but have been told that 25 percent is the normal for a second home down there?
Their are so many different home loan programs out there! The best idea is to speak with a lender to get pre-qualified for a home. To give you a better idea of the homes available and ... more
0 votes Share Flag Mon Jul 30, 2012 Financing in Myrtle Beach
Jennifer Mul…, Real Estate Pro in Myrtle Beach, SC
Jennifer Mullen answered:
Where to finance a mortgage under the HARP program for a condo now classified as a condotel?
Have you asked the company who is the servicer of your loan? Do you know who the investor is for the loan? Fannie Mae and Freddie mac both have loan look up tools on their websites. ... more
0 votes Share Flag Fri May 18, 2012 Financing in Myrtle Beach
Alan Openshaw, Real Estate Pro in Warminster, PA
Alan Openshaw asked:
Looking for a mortgage broker or banker for a small refinance in Myrtle Beach I have a very good client that has a condo in Myrtle Beach looking to refinance. I just refi'd their primary so I have a complete package. Looking to refer to a local lender to close…
0 votes Share Flag Tue Mar 20, 2012 Financing in 29577
Lisa Belcher, Real Estate Pro in Myrtle Beach, SC
Lisa Belcher answered:
Lenders in California
Would be more than happy to answer an questions you may have regarding financing the Myrtle Beach area....or connect you with a lender and realtor in the California area as well....What ... more
0 votes Share Flag Wed Jun 15, 2011 Financing in Myrtle Beach
Sunnyview, Other/Just Looking in Friendly, WV
Sunnyview answered:
how do you go about becoming a homestep lender? Where can you access approved lenders?
I have not heard of HomeStep before, but if you are looking for a HomePath lender, HUD has a list of lenders by state http://www.fanniemae.com/homepath/financing/lenders.html and they ... more
0 votes Share Flag Thu Jan 6, 2011 Financing in Myrtle Beach
Jason Morris, Real Estate Pro in Pawleys Island, SC
Jason Morris answered:
how aggressive are lenders on purchase financing for ocean front condos in North myrtle beach?
I agree with you - right now is a great time to buy ocean front. The biggest problem most people have is many of the ocean front condos in the Myrtle Beach market are considered condo-t ... more
0 votes Share Flag Thu Nov 25, 2010 Financing in Myrtle Beach
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
I live in my home which has a lon on my uncle's name. He does not care whether I loose my house because interest is so high my current pay 6.65%
Hi, Joey.

Being placed on the deed/title alone will not aid you in getting a mortgage. In fact, if the home goes into foreclosures, it could significantly hurt you with regards to ... more
0 votes Share Flag Fri Oct 29, 2010 Financing in Myrtle Beach
Brandie, Real Estate Pro in San Francisco Bay Area
Brandie answered:
I am going to sell a piece of property; am I better off doing a 1031 exchange or doing owner financing. I
I'd recommend consuting a 1031 professional in addition to a CPA. We are hosting a no-cost online seminar being conducted by a 1031 company. You will be able to ask questions. The l ... more
1 vote Share Flag Sat Feb 9, 2008 Financing in Myrtle Beach
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