Either way, you will use the equity – either built up over time or during the purchase process with a large down payment – to receive payments rather than make them each month.Įven if you’ve been in your property for many years, you can use a reverse mortgage to finance a vacation, a new roof, or even a renovation. While one is designed for those purchasing a property, the other is ideal for those who already have equity in a property. If you’ve not seen these products before, there are two ways to utilize them. Reverse Mortgages – If you’re 62 or over, you could be eligible for a reverse mortgage. If you want to explore these options, speak to one of our brilliant team members today. As the name suggests, these properties are essentially condominiums run more like hotels. Investors – Are you an investor hoping to purchase or refinance an investment property? In this case, you will benefit from the expertise of a mortgage broker who can explain the different available loan programs.Ĭondotels – With so much coastline to enjoy, more condotels are filling the real estate market in South Carolina. In many cases, we can refinance your construction loan so that you get the best possible deal on your mortgage. How does it work? After completing construction, you want to get the best deal available for your mortgage. Whichever route you choose, getting the best mortgage is not something you should have to face yourself. In some cases, you might even be taking charge of the building process yourself. With a development company building your new home, it’s quite an exciting time. New Home Construction – While some people like to buy a pre-existing home, others want to purchase a lot in a new development. To free up cash for other areas of life.Here are just some of the reasons why many homeowners choose to refinance: With access to the best mortgage lenders in South Carolina, you’ll be in great hands. If this is the case, our mortgage company in South Carolina will offer everything you need. With this in mind, you might find that refinancing your home is a positive step for the financial stability of your family. What seemed settled last year may be a completely different environment twelve months later. Home Refinancing – As you probably know, the world of mortgages and interest rates is always evolving. If you want somebody to explain these options to you so that you can select the best mortgage program for your situation, a broker will suit you perfectly. Many experienced buyers have options regarding programs, rates, terms, costs, and more. With an experienced mortgage specialist in your corner, you’re sure to be happy with your new mortgage. Just because you have bought a home before doesn’t mean that you don’t need help when it comes to securing a mortgage and making wise financial decisions. What if you’re not a first-time buyer? Well, we can help. At BrickWood Mortgage, we have several programs just for self-employed borrowers that use alternative documentation such as bank statements in lieu of tax returns.Įxperienced Home Buyers – Often, people buying a home get frustrated that all the services and informational guides are targeted at first-time buyers. These days, many self-employed borrowers either can’t or don’t want to use their tax returns to qualify for a mortgage. Self-Employed Borrowers – If you’re self-employed, you will have seen many horror stories regarding mortgage application requirements. Ultimately, we want you to be happy with the entire transaction. One of our experienced loan officers will help you navigate the difficult process and make sure you understand everything. Whether you’re new to South Carolina or are just confused by the long and arduous buying process, it’s time to give BrickWood a call. As a mortgage broker in South Carolina, we can help the following:įirst-Time Buyers – Are you buying a home for the first time? Are you desperate to get on the property ladder? If so, you’re perfect for our services. With this in mind, we’ve compiled a list of just some of the people who will benefit from our services. However, did you know that mortgage brokers typically have more loan programs? What’s more, mortgage brokers also tend to have better interest rates and a one-to-one customer experience (something you don’t get with banks!). At the moment, you may wonder why you should choose a mortgage broker over a bank or lender.
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