![]() ![]() Either way, you will use the equity – either built up over time or during the purchase process with a large down payment – to receive payments rather than make them each month.Įven if you’ve been in your property for many years, you can use a reverse mortgage to finance a vacation, a new roof, or even a renovation. While one is designed for those purchasing a property, the other is ideal for those who already have equity in a property. ![]() If you’ve not seen these products before, there are two ways to utilize them. Reverse Mortgages – If you’re 62 or over, you could be eligible for a reverse mortgage. If you want to explore these options, speak to one of our brilliant team members today. As the name suggests, these properties are essentially condominiums run more like hotels. Investors – Are you an investor hoping to purchase or refinance an investment property? In this case, you will benefit from the expertise of a mortgage broker who can explain the different available loan programs.Ĭondotels – With so much coastline to enjoy, more condotels are filling the real estate market in South Carolina. In many cases, we can refinance your construction loan so that you get the best possible deal on your mortgage. How does it work? After completing construction, you want to get the best deal available for your mortgage. Whichever route you choose, getting the best mortgage is not something you should have to face yourself. In some cases, you might even be taking charge of the building process yourself. With a development company building your new home, it’s quite an exciting time. New Home Construction – While some people like to buy a pre-existing home, others want to purchase a lot in a new development.
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