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Financing in Charleston : Real Estate Advice

  • All331
  • Local Info40
  • Home Buying105
  • Home Selling22
  • Market Conditions20

Activity 15
Wed Oct 7, 2015
Hi Sonia,

We offer the FHA short refinance program in South Carolina. We get most of them approved, but the problem has been getting the current lender to accept a short refinance amount... so since HSBC has already told you they would let you do a short refinance then it sounds like it could work out with us.

Feel free to send me a message through here, an email, or a phone call. I'm usually available until 10PM Eastern Time (I am in California).

Shane Milne | Lending in all 50 states | NMLS #81195 | 949-273-4161 direct
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0 votes 2 answers Share Flag
Tue Feb 17, 2015
Michael Limina answered:
Hi Calvin,

I'd be happy to put you in contact with the lender I use here in Charleston. Feel free to contact me directly.
0 votes 2 answers Share Flag
Mon Jul 15, 2013
Pastorbenandrewsloans answered:
To as many seeking any financial assistance,Business loan or

loan to finance a project or pay up bills,write to us and

we can help you with that amount you need. We are a

reputable christian owned loan firm. contact us on and be

sure God would take absolute control of your finanacial



God Bless you,
Pastor Ben A.
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0 votes 4 answers Share Flag
Tue Nov 13, 2012
Daniel Klein answered:
Printing your credit report from a or consumer websites is NOT the same as the credit report a mortgage banker pulls. The Fair Isaac Company has over 80 different "credit profiles" on every consumer. What your car dealer equifax score is, is totally different than your refinance equifax score.

That being said, getting a pre-approval is the most important step in buying a property. For one, it shows the realtor that you are serious. Second, there will not be any surprises down the road i.e you fell in love with a house, but you dont qualify for it, and 3rd, with today's competitive marketplace, realtor's and sellers will not show you a house (if they value their time) without one.

As for going with a local lender, we all get our money from the same place i.e. Wall Street. Case in point, walking into your local branch is always going to cost you .375-.5% more, than going with a direct lender, who you may not have heard of before.

Good luck with your search.
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0 votes 7 answers Share Flag
Tue Nov 13, 2012
Daniel Klein answered:
What is your home currently worth, vis a vis your mortgage? You said you have "value issues". Traditional lenders will lend up to 97% of the homes value on Cash out (FHA) and 90% Conventional. There are lenders out there (who are expensive) but will give you the money to fix your home, depending on your current loan to value.

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Tue Nov 13, 2012
Daniel Klein answered:
IF you can afford a 15 year payment on an FHA, there is no mortgage insurance on a refinance streamline or otherwise.

Daniel Klein
0 votes 4 answers Share Flag
Tue Oct 9, 2012
David Benton answered:
I don't know why they call them short sales when they usually take 3 to 5 months to close. lol

Some circumstances warrant extra time such as an IRS Tax lien that will take time to get released or are lien holders that the negotiator is working on signing a release from the property.

If the lender is the hold up, they are possibly just overloaded with too many files.

It depends on you more than anything. You should get enough information and then make an informed decision that is best for you and the seller.

I'm not offering legal advice here but just sharing what I would do if it were me:

If you put up option money with the seller you will very likely lose it. The option money would go to the seller or could be held in escrow. I would not the seller more than $10 or so for an option unless you put the option money in escrow with an attorney. If they are being straightforward the $10 should suffice. If they want more under these circumstances, I would be suspicious.

If you move in I would insist on a reasonable rent amount and lease term that is suitable and probably not just month to month. I would want a term long enough so that it was worth my while or the short sale was approved.

You can stack the odds in your favor. Consult an attorney and have them explain the risks, review all the documents and answer any questions before a final commitment is made.
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0 votes 6 answers Share Flag
Wed Jun 27, 2012
Brian F. Walsh Buyer's Agent answered:
I believe buyers should use the internet to research information on mortgages for example:

closing costs
what type of service
who to use locally

The thing is it is more beneficial for a buyer to meet one on one with a local and trusted loan officer:

First you can see, talk to and give your financial's to in person and second you know where they are, when they work and when they dont. I feel that it build a better relationship between the buyer and lender and the service provided to the buyer is a lot better. I always tell them to check around with a few local lenders and if one does't look like a good fit, then go to another, but keep it local.

In the end it is the buyer's decision and I can only suggest or guide a buyer so much, but they will determine what is a better option. I often have buyers ask me who I recommend and I generally hand them a list of lenders who I say past buyers have found helpful and tell them to check with all of these and see if one is a good fit for them. Most of the lenders that I have worked with in the past have been excellent and I feel comfortable putting their names on my list, but I don't know much about online lenders and frankly don't want to. I personally feel that business is conducted better on relationships that are built with people you have met or can meet.

Brian Walsh ABR® BPO
(843) 883-6971
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8 votes 4 answers Share Flag
Fri Nov 11, 2011
Keith Rockmael answered:
Hi Kelly,

If had a large 2nd lien then I would suggest that you kill your 2nd. Depending on your bank, hardship, etc it may be a way to keep your home, save a bunch of $ and not do a short sale. I would need to know a few items before determining if it is possible. It's not for everyone. However for those who fit it can be a great option.

Keith Rockmael
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0 votes 4 answers Share Flag
Wed Aug 31, 2011
Torri Jacobsen, Jacobsen Realty answered:
Hi Randy

We recommend Donna Williamson. Here is her contact information:
Mortgage Expert
PH: (843)216-8997

Good luck!

Torri Jacobsen ... more
0 votes 6 answers Share Flag
Tue Dec 7, 2010
Michelle Melton 843.367.3379 answered:
I would encourage you to contact a local lender to get the best advice and find the loan that will work best for you. I have seen as little as 10% down, but would say that 20% down and 6 months reserves is much more the "Norm" in todays market.
I would be happy to provide you with a few contacts of some great lenders in the Charleston area .If you have any questions or would like me to locate some other investment properties that meet your requirements. Please feel free to contact me anytime.

Thanks for your question,
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0 votes 7 answers Share Flag
Thu Jun 24, 2010
Sharon Bruner answered:
Hi Carol:
SunTrust Mortgage has a HomeFix Program that will roll the cost of repairs into your mortgage financing. Please let me know if you would like more details. Thank you, Sharon Bruner ... more
0 votes 5 answers Share Flag
Thu May 27, 2010
Hunter Reynolds Group answered:
Hi -

I work with a lender that has helped a number of clients improve their credit score in a fairly short period of time. You can email him directly at, or you can fill out the following form on our website and he will be in touch: Feel free to give me a call, text or email if you'd like. Best of luck!

Hunter Reynolds
Keller Williams Realty
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Wed Nov 12, 2008
Lee Keadle answered:
You should be able to get a loan in the near future, but for now, credit is very difficult to get. I would recommend talking with these mortgage brokers below and know that the loan might not be there right now, but lending should loosen up some and you should be able to get a loan to refinance with in the next 6 months or a year. Here are the two lenders that I use. They should be able to help you more.

Leah Odom - Carolina One Mortgage
Office phone: 843-414-2404
Cell phone: 843-813-0123

Joshua Feldman - Sun Trust Mortgage
Office phone: 843-958-1316
Cell phone: 843-364-5626
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