Financing Your First Home
Financing your home can be tricky and confusing. here are a few pointers while
trying to finance your first home.
Determine what you can afford
Each buyer is unique - and we'll help you find out just what you can afford.
Your income and your debts will typically play the biggest roles in determining
your price range.
Use our Mortgage Calculator in choosing a price range that best fits your budget.
Figure out your funding
A range of mortgage options are available, and we'll help you determine
which can work for you - some loans require little money down. You'll also
need to consider closing costs and the escrow account for taxes and insurance.
Less-than-perfect credit report?
Don't worry, there are options that are ideal for those who have a
few "dings" on their credit report. Work with your lender to develop
an individual mortgage program based on your unique credit worthiness.
Loan Programs
Finding the best loan program for your needs depends on a number of
factors, including:
1. How long you'll stay in the home
2. How much money you'll put down
3. How you'll finance the closing costs.
Tax Benefits
You may be able to deduct the interest you pay on the mortgage loan
and some of the financing costs of the home, such as points. And your
property taxes could be deductible. You should consult your tax advisor
for more information.
GET PREQUALIFIED TODAY
Charleston SC Mortgage Rates, Loans and Calculators | Find out how much you can afford before you shop. Increase your negotiating power by prequalifying online.
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