December 22nd, 2015 by admin
Posted in coastlend mortgage |
Tags: charleston, coastlendmortgage, millennials, mortgages, purchasing, real estate, renting
Millennials are known to be the weariest of generations when it comes to purchasing a home. After watching firsthand what happened to their parents and relatives during the Recession in 2007, many don’t think that buying would be in their best interest. Goldman Sachs research shows that around 30% of Millennials find purchasing a home…
December 15th, 2015 by admin
Posted in Lowest Interest Rate, NO PMI, Real Estate, south carolina mortgage |
Tags: buyvsrent, charleston, coastlend mortgage, getoutofthatapartment, mortgages, real estate, renting, South Carolina
There are a number of reasons why buying is more advantageous than renting in Mount Pleasant, Summerville, Charleston, Goose Creek, Ladson and other parts of Berkeley, Charleston, and Dorchester Counties. For one rents have skyrocketed over the last few years, making it less affordable to rent. That is likely to continue since there is…
December 9th, 2015 by admin
Posted in Interest Rates |
Tags: charleston mortgage, down payments, housing, interestrates, mortgage
As interest rates begin to rise buyers in the lose purchasing power. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. So with a rate of 4.25% on a 200,000 loan, the payment would be $983/month. When, not if, interest rates rise to 5.25% a buyer would have to…