Articles/Blog

What is an appraisal? This is a common question that many borrowers ask because an appraisal can make or break the deal for their potential home. Lenders will use an appraisal to help determine a home's actual value based on its condition, location, and any other features it may have. It also helps ensure that the …

Continue Reading about What is the difference between a VA appraisal and a conventional appraisal?

The Department of Veterans Affairs announced they would raise appraisal fees and lengthen the time they will allow for the appraisal reports to be submitted to lenders as of  December 1, 2021. This announcement came about as demand for VA appraisals has risen substantially. Will this deter borrowers from seeking VA …

Continue Reading about Will VA appraisal fee hikes deter buyers?

The demand for housing in South Carolina is very high, but there aren’t too many homes available to buy. This is the reason for today’s incredibly competitive housing market. According to realtor.com, some homes are getting 20 to 30 offers on them, and they are selling for $50,000 to $100,000 over the asking price. It …

Continue Reading about How can I win a bidding war in today’s competitive market?

Figuring out how Bitcoin and other Cryptocurrencies play a part in the mortgage industry What is Cryptocurrency? Cryptocurrency is becoming more popular than ever, but what is it? It is a type of currency that is not controlled by any one person or government. It is basically digital files with monetary value that …

Continue Reading about How is the mortgage industry affected by Blockchain and Cryptocurrency?

Congratulations! You've decided to purchase a home in South Carolina, and now you need a mortgage. Take a deep breath. It's not every day you apply for a loan with this many zeroes. After all the hard work and preparation you have done searching for a home and applying for a mortgage, you don't want to do anything to …

Continue Reading about What not to do after applying for a mortgage

Mortgage rates are at historic lows, and housing inventory is even lower!! With fewer homes on the market and the most desired properties selling above the asking price, some homebuyers have decided to stay put and make the best of what they have. In 2020, we saw homeowners adding spaces for homeschooling, home …

Continue Reading about What is trending in home improvements for 2021