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Financing in Charleston County : Real Estate Advice

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  • Local Info1
  • Home Buying21
  • Home Selling1
  • Market Conditions2

Activity 24
Tue Jul 12, 2016
Scottybweyy asked:
Any advice for where to begin for me for a refi? I have a house with 268k balance. Appraised for 295k when I bought almost 2 years. Current mortgage was a Fannie Mae Homestyle renovation…
0 votes 0 Answers Share Flag
Wed Oct 7, 2015
answered:
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
shane@thebesthomeloans.com | 949-273-4161 direct
... more
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 22, 2013
Rebecca Kroseberg answered:
Hi,

by now you understand what regime fees are. Do you have any specific neighborhoods you are concerned about in regards to possible regime fees? Let me know and I can answer any questions for you.

Talk soon,

Rebecca Kroseberg
Carolina One
843.901.8659
rebecca@CharlestonLifestyleGuide.com
... more
0 votes 6 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

problems.



email: Pastorbenandrewsloans@gmail.com


God Bless you,
Pastor Ben A.
... more
0 votes 4 answers Share Flag
Thu Feb 28, 2013
Cheryll Woods-Flowers ABR answered:
Good morning, JONH!

No...absolutely not! The lender who answered your question has given you some really good advice. You are very smart to question this!

Have a grea day!

Cheryll

Cheryll Woods-Flowers, Coldwell Banker United
Mt. Pleasant Home Team
cflowers@woodsflowers.com
843-442-2219
... more
0 votes 3 answers Share Flag
Tue Nov 13, 2012
Daniel Klein answered:
Printing your credit report from a myfico.com 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.
... more
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.

800-640-8798
... more
0 votes 2 answers Share Flag
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
800-640-8798
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.
... more
0 votes 6 answers Share Flag
Sun Sep 23, 2012
Spence & Theresa Reese answered:
The number for Gabe at 1st Home Mortgage in Mt. Pleasant is 843-819-5270 call him today if you like he'll treat you like GOLD! Let him know Spence sent you.

Spence Reese
HRE/Daniel Island
843-478-3104
... more
0 votes 4 answers Share Flag
Wed Jun 27, 2012
Brian F. Walsh Buyer Agent answered:
I believe buyers should use the internet to research information on mortgages for example:

rates
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
bwalsh@carolinaone.com
www.brianwalshrealty.com
(843) 883-6971
... more
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
BayAreaResource.com
... more
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
www.donnawilliamson.benchmark.us

Good luck!

Thanks,
Torri Jacobsen ... more
0 votes 6 answers Share Flag
Thu Dec 9, 2010
Maureen Cody answered:
Dear Alexandra

As Andrew stated, check with more than one lender -- to determine the best offerings and a mortgage professsional you can feel comfortable with.

If you need a few names - let me know.

Best regards,

Maureen
... more
0 votes 7 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,
Michelle
... more
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
Tue Jun 1, 2010
Cheryll Woods-Flowers ABR answered:
Dear Teddy,

There has been a great deal of activity on Wadmalaw Island. I am attaching a link that will give you information on properties that are currently on the market and properties that have sold since February 2010. I hope that this is helpful to you. Please let me know if you need additional information or if you would like help with any of these properties. To search all Charleston area properties, please visit my website, http://www.woodsflowers.com .

Best regards,

Cheryll Woods-Flowers, Keller Williams Realty
cflowers@woodsflowers.com
843-442-2219
... more
0 votes 2 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 todd.sevier@goodfaithusa.com, or you can fill out the following form on our website and he will be in touch: http://www.searchcharlestonrealestate.com/pre-qualify-for-your-mortgage.html. Feel free to give me a call, text or email if you'd like. Best of luck!

Hunter Reynolds
Keller Williams Realty
843.614.2656
hunter@searchcharlestonrealestate.com
... more
0 votes 7 answers Share Flag
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