Category Archives: Mortgage News

Don’t Forget These Costs When Buying A Home

You’ve crunched the mortgage calculators, estimated your tax payments, and taken a realistic look at how much house you can afford. You’ve stuck within your range when scouring the realtor.com® listings, being careful not to bust your budget. But there are more … Continue reading

Posted in Buyers, Elaine Brabham and Associates, Helpful Tips, Home Buyers, Informative, Interest Rates, investment, Mortgage News, real estate, Real Estate Agent, Real Estate News and Trends, Realtor, Residential Listing, SC | Leave a comment

Check into Homebuyer Tax Credit

Potential home buyers in South Carolina should be sure to learn about a substantial tax credit that wasn’t available in this state prior to 2013. The mechanics of it are a little complicated, but the bottom line is that if … Continue reading

Posted in Elaine Brabham and Associates, Government Department, Helpful Tips, Informative, Interest Rates, Mortgage News, Real Estate News and Trends | Leave a comment

Reflecting on the 30-Year Fixed Rate Mortgage

The sharp rise in mortgage rates from May to July of this year presents an opportunity to reflect on the merits of one pillar of the US mortgage finance system; the 30-year fixed rate mortgage. The 30-year FRM has many … Continue reading

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Milken Institute ranks Lowcountry ninth in economic growth

Milken Institute ranks Lowcountry ninth in economic growth Staff Report (Charleston Regional Business Journal) Published Jan. 22, 2013 The Milken Institute ranked the Charleston-North Charleston-Summerville metro area ninth in its list of Best Performing Cities of 2012. The Lowcountry jumped … Continue reading

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Nova Scotia House Bought For $15,000, Now On Market For $2 Million

In 1982, a photographer living in Nova Scotia bought a house that was at the time the definition of a fixer upper. Sherman Hines spent just $15,000 on the home, which sits on 105 acres and is thought to be … Continue reading

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Housing Crisis to End in 2012!

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this … Continue reading

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First Time Buyer Tips!

If you’re a first time home buyer, check out these great tips from Bankrate.com before beginning to search for your first home!

Posted in Charleston Lifestyle, Design Tips, Elaine Brabham and Associates, Mortgage News, Real Estate News and Trends, Short Sales and Foreclosures | Leave a comment

To Buy or Rent – Now’s the Time to Follow the American Dream!

With home prices dropping, minimal interest rates and the cost of rental properties on the rise, now may be the time for renters to seriously consider buying a house. When the housing bubble burst in 2006, the cost of buying … Continue reading

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Fannie Mae REO Buyer Incentives are Back!

Good news for buyers!  Fannie Mae has reinstated its HomePath buyer incentives program, which offers closing cost assistance to buyers who purchase foreclosed homes in its REO inventory.  Buyers must submit initial offers on or after April 11, 2011 and … Continue reading

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For Buyers: The Financial Opportunity of a Lifetime?

by The KCM Crew on March 2, 2011 We often point out that a buyer should be more concerned about the COST of a home rather than the PRICE. Price obviously is a component of cost. However, unless you buy all-cash, you … Continue reading

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