Charleston Real Estate Blog

... if your credit is "so-so" and your credit score is not excellent, you aren't likely to be approved for a mortgage loan. From the better things to do file, I wonder why some people aren't spending their time getting their credit repaired rather than searching Charleston homes for sale.  If a potential buyer ...

Possibly. Actually, one of my clients who is a dentist said that going through the mortgage process was more painful than what her patients had to endure. Amy Hoak at MarketWatch reports that mortgage borrowers face a litany of questions and should be prepared to provide reams of paperwork to get loan approval.“A big reason ...

I've been pretty amazed at recent real estate closings at how low the monthly payments have been for my clients due to the crazy low mortgage rates these days. Buyers can either choose to buy more home for a smaller monthly payment or buy exactly what they had in mind and reduce their payment. That is basically the bottom line to ...

Mortgage interest rates have not really gone up substantially from the amazing historic low rates we've seen YET. But with more and more good news on the economy, I wouldn't expect that to last forever. And if you are planning on buying a home in Charleston, that might mean that if you want to keep your payment at a budgeted ...

Before I get into the more serious subject of the day, a little sarcasm for your reading enjoyment. This Charleston mortgage report is brought to you today by consumers who spent more on gas last month causing retail sales to rise sharply and the Federal Reserve who blessed 15 of 19 banks with their adverse stress test and the net result ...

... and that's no April Fool's joke. In an effort to bolster capital reserves, FHA will be raising both the upfront mortgage insurance premium and the monthly mortgage insurance premium effective April 1, 2012. Here's what it means for you if you are planning to use an FHA mortgage. The upfront mortgage insurance premium will ...

A lot of people would like to refinance from a higher interest mortgage rate to the record low rates we've seen for some time but have been unable to do so for a variety of reasons. With HARP II starting in March, the $26 billion mortgage settlement of the other day and other programs, some (but not enough) homeowners will ...

At long last, the government(s) and five of the nation's largest banks have agreed to a $26 Billion mortgage relief settlement. From Forbes, Why Homeowners Can't Bank on the Mortgage Relief Plan, "With great fanfare, the US Department of Justice this morning announced a $25 billion mortgage relief deal. Unfortunately, it won't do ...

In the administration's continuing effort to successfully help underwater borrowers be able to refinance their mortgages at today's record low interest rates, one more plan has been announced using FHA financing and costing from $5 to $10 Billion. Here's more from the Washington Post. But since it will require congressional ...

A couple of big stories out there in the Financial World have my attention and it's only my opinion but I can't help but give a BIG FAT F on my report card. Unlike almost everybody from surprisingly on both the left and the right, I don't blame Fannie and Freddie for causing the housing mess. I think it was reckless lending and ...