Did you know that there is a BIG difference between Pre-Qualified and Pre-Approved? A pre-approval can be CRITICAL in winning the offer in a multiple bid situation. In this fast-paced housing market, if you like a house, chances are others do too. There are several things buyers can do to improve their chances of having their offer accepted by a seller such as: working with a professional Buyers Continue Reading about DID YOU KNOW WHAT THE DIFFERENCE IS BETWEEN PRE-QUALIFIED AND PRE-APPROVED
Did you know?? Did you know you do not need to save 20% of the purchase price of a house for a down payment in order to be ready to purchase? When a home is purchased, the actual cost to purchase the house is the sale price + the closing costs (closing costs can vary but are in the neighborhood of 3% of the purchase price). Traditional ?Conventional? mortgage loans (the most commonly known) Continue Reading about DID YOU KNOW? Brought to you by Penny Sheppard
Just Sold (September 2012) by Carmen Miller Century 21 First Choice in Tega Cay, SC. 2076 Emerald Pines. This Tega Cay home for sale: Had 6 offers. Was under contract in less than sixty days. Closed in less than 90 days. Sold at a price that was 97.8% of the list price. While every home will have it's own selling history this one, I believe, is an example of a market shift for our Continue Reading about Tega Cay Home Sales Picking Up!
Online report outlines alternatives to foreclosure for distressed homeowners in Fort Mill, Tega Cay, Lake Wylie, Rock Hill, Ballantyne, South Charlotte. Fort Mill, SC CDPE-designated agent, Carmen Miller of Century 21 First Choice, has added to her HomesFortMill.com website, information describing several opportunities for homeowners to avoid the negative financial impact of foreclosure. ? Continue Reading about Fort Mill Realtor Provides Alternatives for Homeowners Facing Foreclosure
Do credit inquiries hurt my score? This is a great question and a common one!? Many potential home buyers are afraid to let a lender pull their credit report because they think it will drop their score.? This is actually a very harmful MYTH and let me explain why. Mortgage lenders use a scoring formula developed by Fair Isaac called FICO score.? FICO ignores mortgage inquiries for the most Continue Reading about Do Credit Inquiries Hurt My Credit Score?
? As you are driving around York County, you may see from time to time a re-zoning hearing sign posted on undeveloped property.? I happened to see a re-zoning hearing sign on the corner of Pleasant road and Carowinds Blvd.? I thought it would be of interest to see what was posted online at the York County govt website about the zoning hearing. It would appear that QuickTrip, a convenience Continue Reading about York County Re-Zoning Hearing Notice Pleasant Rd
Post From Loan Officer Olan Carder This is always the million dollar question. I get asked more than anything else, "Where are rates? Where are rates going? What are rates about to do?" This is a tough question for the average loan officer because although we deal with rates all day everyday, many loan officers don't understand the economic factors that drive rates or frankly don't have Continue Reading about WHERE ARE RATES HEADED? Update Fort Mill Mortgage Rates
Mortgage rates have increased slightly in the last couple months but overall, today's rates are still affordable. Here's a brief? history of 30 year mortgage rates for the last 20 years. In 1990, rates averaged 10.5%. Rates showed a steady decline year to year until 2004. Rates in 2003 where around 5.6% then jumped to6.4% in 2004. Rates declined again to 5.8% 2005. The roller coaster ride Continue Reading about Mortgage Rates Still All Time Low