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South Carolina Mortgage Rates

South Carolina Mortgages and Mortgage Rates

With its beautiful beaches and historical charm, South Carolina is a nice place to visit and an even better place to live. If you already live there and want to learn how to get cash from equity with a second mortgage, MortgageSearchLive.com is ready to help. If you want to learn about South Carolina new mortgages and mortgage refinancing, you’ll find help for that, too. With a current population in excess of 4-million, maybe it’s time you discover everything others enjoy about the Palmetto State.

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At MortgageSearchLive.com, our goal is providing mortgage information you can trust. It’s timely and accurate and that’s not all. Besides dozens of helpful articles, you’ll find mortgage calculators, South Carolina rate comparison charts, and even a directory of brokers doing business in South Carolina.

South Carolina conforming mortgages

The federal agencies Freddie Mac and Fannie Mae are charged with the responsibility of helping lower income home buyers acquire the funds they need to become home owners. The vehicle that helps these home buyers is called a conforming mortgage. Interest rates on conforming mortgages are lower than those on non-conforming mortgages, but only home buyers that meet specific criteria outlined by the federal government can qualify. Qualifying criteria exist for both the loan and the borrower. Your lender can help determine whether you qualify for a South Carolina conforming mortgage.

South Carolina second mortgages

If you’re a homeowner and you want to borrow money but don’t want to refinance the terms of your first mortgage, consider a second mortgage. Two types are available:

  • Structured similarly to a revolving credit card account is a HELOC (Home Equity Line of Credit) with a variable rate.
  • For a fixed-rate, fixed-payment option, there’s a home equity loan that, at maturity, will be paid off in full.

South Carolina mortgage comparison

South Carolina lenders offer many mortgage products. With so much to choose from, figuring out what’s best for your needs can be challenging. But it won’t be once you gain a better understanding of the way each works. When you’re ready to learn more about ARMs, FRM, and the other many choices, MortgageSearchLive.com offers tools designed to help with this important financial decision.

Popular Areas in South Carolina

Aiken County
Anderson
Beaufort
Bennettsville
Charleston
Chester
Columbia
Conway
Dillon
Florence
Gaffney
Georgetown
Greenville
Greenwood
Hilton Head Island
Lancaster
Myrtle Beach
Newberry
North Augusta
North Charleston
North Myrtle Beach
Orangeburg
Seabrook
Seneca
Spartanburg
Sumter
Union
Walterboro