Financing in Myrtle Beach : Questions & Answers

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Sue Lucas, Real Estate Pro in 29576
Sue Lucas 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
what exactly are you looking for? condo? home? what area of Myrtle Beach? I would be happy to discuss further call or email me:
843-997-4595
sl1586@sccoast.net
0 votes Share Flag Wed Jul 3, 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
Kenneth  Nan…, Real Estate Pro in North Myrtle Beach, SC
Kenneth Nance 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?
Hi Abby,

There are many variables in purchasing a condo from the lender perspective. it is hard to answer your question without knowing what resort you are looking into. however the ... more
0 votes Share Flag Tue Oct 2, 2012 Financing in Myrtle Beach
Sue Lucas, Real Estate Pro in 29576
Sue Lucas answered:
loan for manufactured home in leased land coumunity conway sc
what is your question? are you looking for a lender?
0 votes Share Flag Sun Aug 19, 2012 Financing in Myrtle Beach
Nicholas Maz…, Real Estate Pro in Myrtle Beach, SC
Nicholas Mazzola answered:
We have great credit but have been told that 25 percent is the normal for a second home down there?
20 percent is the normal amount that a bank would ask for as a down payment for a second home. However there are some factors that may change the availability of certain neighborhoods ... 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
Mark Schlage…, Home Buyer in Duncan, SC
Mark Schlagenhauf answered:
what is going rate for owner financed properties?
7% Rate/ 30 Year Fixed with 10% down. No Balloon payments!
0 votes Share Flag Tue Dec 17, 2013 Financing in 29575
Russell Smith, Real Estate Pro in Whiteville, NC
Russell Smith answered:
Looking for a mortgage broker or banker for a small refinance in Myrtle Beach
Did you ever find a lender for this? If not do you know if the project should be Fannie approvable?
0 votes Share Flag Tue Mar 20, 2012 Financing in 29577
Carol Cole, Real Estate Pro in Myrtle Beach, SC
Carol Cole answered:
We are considering buying a condo in Anderson Ocean Club . Is financing available and are there other comparable buildings in the area?
Yes. Financing is available. Anderson Ocean Club is a luxury oceanfront resort only a few years old. There are few upscale oceanfront condos to compare it to. The Dunes area and Kingsto ... more
0 votes Share Flag Sat May 18, 2013 Financing in Myrtle Beach
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Who finances Mfg. homes on leased land in Myrtle Beach, SC?
https://www.21stmortgage.com/web/21stSite.nsf/index?OpenForm - CHATTEL (Home Only) or LAND HOME combination loans available, Homes in parks or rented land.
http://www.chattelmortgage.n ... more
0 votes Share Flag Tue Oct 2, 2012 Financing in Myrtle Beach
John Kim, Real Estate Pro in Myrtle Beach, SC
John Kim answered:
Is it possible to get financing on a Myrtle Beach Condotel?
Hi Mike,

Yes it is possible, but there are a bunch of restrictions.

Most of them are:
1. Has to be over 750 sq ft
2. HOA has to be handed over to the Home Owners (as opposed to ... more
0 votes Share Flag Thu Feb 16, 2012 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
John Kim, Real Estate Pro in Myrtle Beach, SC
John Kim answered:
What banks can you get financing at in SC for Condotels?
Call me and I will let you know. I have three lenders that have gotten my clients loans in the past two months on Condotels specifically. I also specialize in Condotels, I am with the H ... more
0 votes Share Flag Tue Feb 4, 2014 Financing in Myrtle Beach
Voices Member,  in
Voices Member answered:
I am going to sell a piece of property; am I better off doing a 1031 exchange or doing owner financing. I
When you do a 1031 exchange on your rental property, you have to purchase another property within 180 days. You have to identify at least 3 of the potential properties within 45 days. ... more
0 votes Share Flag Sat Feb 9, 2008 Financing in Myrtle Beach, SC
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