COFI, Cost of Funds Index
The 11th District Monthly Weighted Average Cost of Funds Index (COFI) is one of many indices used by the mortgage brokers at 1st Carolina Mortgage, Inc to adjust the interest rate on South Carolina adjustable rate mortgages. The COFI reflects the actual interest expenses recognized during a given month by all savings institution members of the Federal Home Loan Bank of San Francisco.
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