South Carolina Mortgages & Home Loans - SC Mortgage / South Carolina Real Estate - SC Real Estate

There are 3 main qualifying factors used to qualify a borrower for a mortgage loan: EQUITY, INCOME and CREDIT.

Everyone seems to be so concerned with the interest rate on their loan and how to get the lowest one possible. The answer is simple. Interest rate is directly related to ….RISK.

An appraisal of your home by a licensed Appraiser will be a requirement from any lender before a mortgage loan will be approved. If you have had an appraisal done within the last 6 months, many lenders will allow that to be used. If you have no idea how much your house is worth, you can do some preliminary snooping yourself on the internet before you request an appraisal from an appraiser.