Simple Interest Savings
The type of interest you pay on your South Carolina home loan will impact the price of your monthly mortgage payments. With simple interest, interest is calculated once and is fixed. This can create savings for the homeowner because with compound interest, the interest amount is added to the home loan principle continually and then begins to incur additional interest charges. Credit cards work by charging compound interest and this is why the balances can easily get out of control and be difficult to pay off. We specialize in debt consolidation at 1st Carolina Mortgage, Inc, (800) 238-2488, and can help you determine if you will benefit from a South Carolina simple interest home loan.
Second Mortgage Help
A South Carolina second mortgage is a mortgage that is added to your first mortgage. Second mortgages include South Carolina home equity loans, South Carolina home equity credit lines, and home improvement loans. Second mortgages are subordinate to the first mortgage, which means that the first mortgage takes precedence when repayment takes place. Second mortgage loans often have higher interest rates than first mortgages and are have shorter terms.
SC Real Estate Information
At 1st Carolina Mortgage, Inc we offer real estate information for the state of South Carolina and the cities within. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 800.238.2488
