Qualifying for a Low Down Payment Loan
To qualify for a SC low down payment mortgage you will have to apply as you would for a normal mortgage. Our mortgage lenders that serve the SC areas at 1st Carolina Mortgage, Inc will evaluate many things to determine if you qualify for a low down payment. To begin, our mortgage brokers will make sure that you have sufficient income to make the monthly mortgage payments and in some cases we will require that you have a cash reserve equal to two monthly mortgage payments. It is also important to have enough cash to cover the down payment. Our mortgage brokers will also evaluate your credit history. The qualifications for a low down payment may seem very complex but our mortgage brokers at 1st Carolina Mortgage, Inc can help you through the application process. Call us today to talk about your situation.
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
