Down Payment Gifts
The down payment for your SC mortgage or your SC mortgage can often be comprised of gift funds that you have received from friends or family. We do not require verification of the source of the gift money but it is required that these funds be deposited into the borrower’s account prior to underwriting approval. Your mortgage broker serving SC and the surrounding areas at 1st Carolina Mortgage, Inc will be able to discuss the effect a down payment gift will have in more detail at your first meeting.
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 in SC and many nearby cities. 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
