us pharmacy viagra

5% Down with NO PMI

The best low down payment loan is Coastlend’s 5% Down Conventional loan that has NO PMI. By avoiding expensive PMI your monthly payment will be much lower and you’ll be able to qualify for a higher loan amount. In some cases as much as $35,000 more just by avoiding the expensive PMI. How does it […]

PMI

The best low down payment loan is Coastlend’s 5% Down Conventional loan that has NO PMI. By avoiding expensive PMI your monthly payment will be much lower and you’ll be able to qualify for a higher loan amount. In some cases as much as $35,000 more just by avoiding the expensive PMI.

How does it work?

Instead of you paying the monthly PMI we pay it on your behalf therefore reducing your payment significantly. It’s a conventional loan so it works the same as other conventional loans. The rates are fixed and you have the standard choices of 30 and 15 year terms as well as any term from 10-30 years. Let’s say you want to retire in 22 years, then you could do a 22 year loan. That way your mortgage is paid off when it’s time to retire.

Can I use it for a refinance too?

Yes it’s available for Purchase and refinance loans. For a refinance all you need is 5% equity in your home. It’s a great option for getting out of a costly FHA loan or conventional loan with PMI.

What are the qualifications for the NO PMI loan?

The qualifications are the same as any other conventional loan and Coastlend has a streamlined process to get your loan closed in less than 30 days and on time. To see if you qualify you can quickly apply online by clicking this link, Apply Now, or give us a call at 843-388-5763. We have a team of people working on your behalf to make sure you get approved and closed quickly. The phone application only takes 2-3 minutes and we will have you Pre-Qualified within a few hours. Contact Coastlend Mortgage for your free approval now!

Interest Only Loans are Back

Coastlend Mortgage has brought back the interest only loan for well qualified borrowers. We offer this loan up to $1,500,000. Interest only loans became a thing of the past after the meltdown in 2008 however they are a vital tool or certain borrowers. For instance if you only plan on being in a home for […]

interest onlyCoastlend Mortgage has brought back the interest only loan for well qualified borrowers. We offer this loan up to $1,500,000. Interest only loans became a thing of the past after the meltdown in 2008 however they are a vital tool or certain borrowers.

For instance if you only plan on being in a home for a short time, say 5 years because of a job relocation, then an interest only loan could help you achieve maximum equity appreciation with the least out of pocket.

Everyone’s situation is unique and finding the perfect loan to match your goals is important. Coastlend mortgage has the loan products and knowledge to make it possible.

Click this link to see our excellent rating on YELP

Relocating to Charleston, South Carolina

Buying a home can be daunting and buying one in Charleston can pose additional stresses. Such as wind and hail zones along with flood zones. Both will affect the cost of your insurance and therefore the overall cost of your home. When I first moved here I never thought Charleston was in an earthquake zone, […]

rainbow rowBuying a home can be daunting and buying one in Charleston can pose additional stresses. Such as wind and hail zones along with flood zones. Both will affect the cost of your insurance and therefore the overall cost of your home. When I first moved here I never thought Charleston was in an earthquake zone, but apparently it is. So earthquake insurance is also a consideration.

As they say in real estate, location, location, location. Charleston is one of the best places to live in the U.S. and people are finally catching on to this best kept secret. The housing market is hot and is showing no signs of slowing down. Great corporations like Boeing and Benefitfocus are growing and bringing some of the best minds in the country to the area. There’s so much room for expansion and home prices are relatively cheap for the type of lifestyle that comes with a Charleston address.

There’s unlimited outdoor activities, the best beaches in the country, restaurants rival New York and Chicago’s best and the overall quality of life can’t be matched.

So how do you get your slice of this pie? First you’ll need to talk with a well qualified mortgage professional in order to find out what you qualify for and what type of loan works best for your situation. How long will you live in Charleston? 3-5 years, or do you plan to retire here? Do you have young or older children? Is proximity to work important? Will you be getting a raise in the near future? These are just a few of the questions we’ll pose to you so we can provide the loan that best suits your needs.

After you’ve been properly approved for the loan the next step is to get with the best Realtor in the area so he/she can match you up with the home you desire. As I mentioned the Charleston market is red hot and available homes are not a plenty. Working with the best agent will have great impact on a successful house hunt. Also the agent will be critical in avoiding the costly insurance areas that I mentioned earlier.

For more information on the Charleston are please visit these sites:

Charleston information
Charleston Visitors Bureau

iBlogPro by PageLines