How Much Can I Borrow from a
Home Equity Loan?
The amount of money that you can borrow from a home equity credit line will depend on your creditworthiness as determined by our mortgage brokers at 1st Carolina Mortgage, Inc. Our mortgage lenders will examine you credit history and related ratios to determine the appropriate amount of funds. The maximum amount that borrowers are eligible for is 85% of the appraised value of their home minus the amount stilled owed on your first mortgage in South Carolina.
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
