News

Construction Loans Made Easy – Only 5% Down Payment

February 3rd, 2023 by admin

Posted in Uncategorized |

Our 1 time close construction loans make it easier and cheaper for your dream home to become a reality. With an industry best minimum down payment of only 5% we made building a custom dream home available to most buyers. https://vid.us/7hdu2b BETTER FOR BORROWERS

What Does Locking in my Rate Really Mean?

January 20th, 2020 by admin

Posted in Uncategorized |

This video covers all you need to know about locking in your mortgage interest rate and when is the best time to execute the lock. So you get the lowest rate and payment for your new home. Topics covered include long term 180 day locks for new construction, as well as free float downs in…

How to Generate More Referrals for Realtors

November 5th, 2019 by admin

Posted in 10x your business, how to generate real estate business, Loan Officer, real estate agent, realtor, referrals, referrals |

Tags: Charleston real estate, Charleston realtor, leads, loan officer, real estate, real estate leads, realtor, realtor leads, referrals

Generating quality leads for your real estate business can be hard work and may be discouraging at times. Watch this video for some tips on how you can easily generate repeat business, and a healthy flow of referrals from your past database. Coastlend Mortgage was designed around one simple concept. To help Realtors grow their…

Free Appraisals Through December 31, 2018

August 30th, 2018 by admin

Posted in avoid PMI, charleston mortgages, Charleston Realtors, Closing cost, coastlend mortgage, columbia mortgage broker, columbia mortgages, free appraisal, greenville condo, greenville mortgages, NO MI, NO PMI, paid appraisal, Real Estate, refinance, Uncategorized, w closing costs |

Coastlend Mortgage is continuing to make lending easy by offering closing costs incentives, low down payment options, fast closings, and much more. We strive to make the home buying experience excellent and easy for all home buyers. Today we’re announcing our newest incentive to help clients buy or refinance their home for less. We are…

Is the Builder’s Lender Ripping You Off?

June 28th, 2018 by admin

Posted in Uncategorized |

Is the builder’s lenders ripping you off? The answer in most cases is YES!! To often people are feeling pressured to use the builder’s preferred lender or they are attracted to the incentives they offer, like closing cost credits. However those incentives come with great cost in the form of higher rates and paying points….

FED Raises Rates and Increases Payments for Nearly All Americans

June 18th, 2018 by admin

Posted in Uncategorized |

The Federal Reserve raised rates another 0.25% last Wednesday. This is the second of four projected increases over this year. How does this effect mortgage rates. It doesn’t directly impact rates, however mortgage rates tend to follow suit on the climb higher shortly after. That’s because the reason the Fed is raising rates such as…

Italy Fears Push U.S. Interest Rates Lower

June 1st, 2018 by admin

Posted in Uncategorized |

The Italian banking crisis as well as fears Italy may exit the EU has sent global markets into a tailspin. The fear trade is on which means money is fleeing the equities markets and racing towards the safe haven of bonds. Particularly the U”S Treasury market. This is causing mortgage interest rates to drop. In…

Triple Threat Impacts Homeownership

May 28th, 2018 by admin

Posted in Uncategorized |

3 Tips For a NO Closing Cost Mortgage

April 26th, 2018 by admin

Posted in 1% down, 5% down, conventional loan, first time buyer, Interest Rates, Low closing costs, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, Mortgage Tip, No closing costs, No Down payment, refinance, VA loan, VA loan program, VA loans, Veterans affairs loan |

Tags: best mortgage, best mortgage rates, low down payment, lowest interest rate, lowest mortgage rates, lowest rates, no cclosing costs, no down payment

3 tips for a no closing costs mortgage are fairly simple and can be used in almost all cases when purchasing a home. One of the three can be used for a NO Closing cost refinance. When purchasing you want to rely heavily on your Real Estate Agent and expert Loan Officer to write up…

The Cost of Waiting to Buy is HUGE

April 23rd, 2018 by admin

Posted in Uncategorized |

Waiting for your credit to improve, the market to soften, or simply to save more for a down payment can end up hurting you in the long run. As interest rates rise, it may negate any savings you would have experienced from an improved credit score or larger down payment. In addition you may cost…

1% Down Loan is Ending May 31, 2018

April 23rd, 2018 by admin

Posted in 1% down, avoid PMI, charleston mortgage brokergreenville mortgage broker, charleston mortgages, Charleston Realtors, choosing a realtor, columbia mortgages, Interest Rates, Isla of Palms homes, lender paid mortgage insurance, low down payment, Lowest payment, NO MI, NO PMI, Uncategorized |

Tags: 1% down, Charleston real estate, low Down pyament

Our most popular low down payment loan program, 1% Down with up to a $5,000 credit is coming to an end on May31, 2018. This is the best low down payment loan available today. As long as your under contract by this date and we get your loan submitted. Then you can take advantage of…

1% Down Payment with NO income limit?!?

February 15th, 2017 by admin

Posted in 1% down, charleston mortgages, coastlend mortgage, conventional loan, first time buyer, low down payment |

Tags: 1% down, Down Payment

Purchase your home with just 1% down! Coastlend Mortgage Is Excited To Offer The Conventional 1% Down With Equity Boost Loan Program! How would you like to be able to purchase your your dream home with the equivalent of only ONE MONTH’S RENT? Here’s how getting 1% down works: You put down 1%, your lender…

What you need to know about closing cost

January 18th, 2017 by admin

Posted in charleston mortgage brokergreenville mortgage broker, charleston mortgages, Closing cost |

Closing cost is something everyone who closes on a home has to face eventually. The Federal reserve states a good rule of thumb is to be prepared to pay 3 to 6 percent of house total house cost, depending on various factors such as loan amount and location.    What Are Closing Costs? Closing cost…

Federal Housing Association loans: low payments and less strict requirements

January 5th, 2017 by admin

Posted in Charleston Mortgage Broker, coastlend mortgage, credit score, fha, first time buyer, Lowest payment |

Tags: federal housing association, FHA, first time home buyer, less restrictions, low payments, low rates

What you need to know about Federal Housing Association loans An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). FHA loans have below market rates and relaxed credit standards. Worried about student loans and other bills holding you back? Don’t! FHA loans make it easier to qualify for more…

Purchase your dream home today!

December 5th, 2016 by admin

Posted in Uncategorized |

Purchasing your dream home can seem to be a frightening step for those individuals who have either never experienced it before, or have not owned property in a few years. Here at Coastlend Mortgage, we educate our buyers so they can make informed and educated decisions about what loan options are available, what works best for…

4 Mortgage Mistakes Homeowners Make

November 11th, 2016 by admin

Posted in Mortgage Tip |

Taking A Gamble On Rates Rates change constantly and although they could get better they could also get worse. Waiting for a better rate may not be the best idea. With rates at historic lows because there’s not much upside. Even if rates improved it’s not going to be by much and won’t have a…

Why get Pre-Approved for your mortgage?

October 21st, 2016 by admin

Posted in Mortgage Tip, Uncategorized |

 Get Pre- Approved sooner rather than later! To get pre-approved for your mortgage is one of the first steps in the home buying process. When you’re shopping for a new home, it’s important to leave as little to chance as possible. Because you need to be able to act quickly when you find the right…

Why it is Important to Consider Life Insurance After Buying a Home

October 21st, 2016 by admin

Posted in life insurance |

If something should happen to you, how much income would your current assets and life insurance provide for your loved ones? Life Insurance is designed to support your family financially, when you are no longer around to contribute. Now that you are a new home owner, it’s best to review your insurance coverage to make…

Purchase your home with just 1% down!

October 21st, 2016 by admin

Posted in first time buyer |

Purchase your home with just 1% down! Coastlend Mortgage Is Excited To Offer The Conventional 1% Down With Equity Boost Loan Program! How would you like to be able to purchase your your dream home with the equivalent of only ONE MONTH’S RENT? Here’s how it works: You put down 1%, your lender contributes 2%*,…

What’s Up With all of These Documents?

October 21st, 2016 by admin

Posted in Mortgage Monday |

At Coastlend Mortgage, we try to make things as simple and stress free for our clients as we can! One of the most stressful things about a mortgage is the paperwork and financial documents. There are a lot of items that need to be provided to get you approved. Once you apply for a mortgage,…

Coastlend Mortgage

October 21st, 2016 by admin

Posted in coastlend mortgage, Homeownership, housing |

Here at Coastlend Mortgage we believe a strong community begins with home ownership and we work hard to make that dream come true for clients. Our mission at Coastlend Mortgage is to change the face of lending so we can be a leader in our community and in yours. Eddie O’Neill is the Owner and…

Conventional Loans most popular loans today!

October 21st, 2016 by admin

Posted in conventional loan |

What are Conventional Loans?? Conventional loans are the most popular loans available today. Here at Coastlend Mortgage we offer a variety of Conventional loan programs that can meet the needs of our clients. These are loans that are not insured by any government agency and follow a slightly different set of guidelines than FHA or…

Purchase or Rent?

October 21st, 2016 by admin

Posted in Uncategorized |

Purchase or Rent? Why purchase a home when you are perfectly comfortable renting?? Owning is an investment in your future. If you rent the rent is gone every month. When you own a home each payment is paying down the mortgage and building equity in your home. Some look at this as a forced savings…

Debt-to-Income

October 21st, 2016 by admin

Posted in dti |

DTI: Debt-to-Income Ratio DTI is defined as your total monthly debt (made up of housing expenses, mortgages, credit card payments, student loans, vehicle loans, child support, ect.) divided by your gross monthly income.When it comes to applying for a mortgage, most people are aware that your credit score is a very important indicator on not…

The Quickest Way to Improve Chances of Approval

October 21st, 2016 by admin

Posted in credit score |

The Quickest Way To Improve Your Chances for Approval   While seeking mortgage approval and preparing to purchase your new home, be sure to responsibly manage your credit. Your credit score is a very important number when you are trying to qualify for a loan! We all want to get better rates and lower payments…

6 keys to selecting the best Real Estate Agent

August 23rd, 2016 by admin

Posted in Real Estate |

One of the first steps in buying or selling a home is choosing a competent, reputable Real Estate Agent to represent you. Choose well and the Agent can help make your dreams come true by getting you top dollar for your house, in a timely manner, or by finding your dream home within your budget. Choose…

Why Refinance?

August 22nd, 2016 by admin

Posted in refinance |

Refinancing your home allows you to take advantage of better rates and save money.  Here at Coastlend Mortgage we offer our clients both Cash-Out Refinances and No Cash-Out Refinances.   There are many factors that come into play when deciding to refinance. Is it the right time? Are rates low? How long do you plan…

Hometown Hero

August 17th, 2016 by admin

Posted in hometown hero |

Tags: military nurse first responders

  Coastlend Mortgage’s Hometown Hero Program is dedicated to those special individuals and families that sacrifice so much for us all each and everyday! Coastlend Mortgage’s Hometown Hero Program is dedicated to those special individuals and families that sacrifice so much for us all each and every day! Are you a Hometown Hero?? Military, Firefighters, Nurse,…

First time home buyer

August 15th, 2016 by admin

Posted in first time buyer |

A first time home buyer is typically defined as someone who has not owned any property at any time within the past three years prior to the new purchase. Purchasing a home can seem to be a frightening step for those individuals who have either never experienced it before, or have not owned property in a…

Considering moving to the Lowcountry?

August 11th, 2016 by admin

Posted in charleston mortgages |

Tags: charleston, coastlend mortgage, Lowcountry Living, Ranked #1, SC

Charleston has been ranked number 1 city in North America for the past TWO YEARS! 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…

Mortgage Tip: Saving for a Home

August 10th, 2016 by admin

Posted in Mortgage Monday |

Tags: coastlend mortgage, Mortgage Money, Mortgage tip

  Mortgage Tip #16: Saving for a Home When you are preparing to purchase a home, it is important that you get your fin ances in order. Make sure that you are saving money and know where the funds will be coming from that you will use for your down payment and other closing costs.      Having your financial…

Tips for a Smooth Loan Approval

August 4th, 2016 by admin

Posted in Loan Approval |

Tags: coastlend mortgage, loan approval, mortgage tips

Do’s and Don’ts for a Smooth Loan Approval Tips for a Smooth Loan Approval – Here are some important Do’s and Don’ts you’ll want to follow during the loan process because you’re not in the clear once you get the initial Pre-Approval Letter or even an Underwriter Approval on your loan. You must maintain your qualified status…

Mortgage Tip of the Day:

August 3rd, 2016 by admin

Posted in Mortgage Tip |

Tags: Cosatlend mortgage, document prep, Mortgage tip

When you apply for a mortgage, you will need to provide us with a number documents in order for us to process your application. If you have a cosigner, he or she should also be prepared to provide the some of the same financial documents. Having these documents already assembled will help accelerate the processing of your loan application,…

Drop in Homeownership Rates

August 2nd, 2016 by admin

Posted in Homeownership |

Tags: coastlend mortgage, homeownership

Homeownership rates drop to 62.9 in the second quarter of 2016, matching the lowest ever recorded rate by the U.S. Census Bureau in 1965. According to the U.S. Census Bureau; in April-June of this year, approximately 87.3% of housing units within the United States were occupied, leaving roughly 12.7% vacant. Of the occupied housing units, only about 54.9%…

Down payment for your new home

August 1st, 2016 by admin

Posted in Mortgage Monday |

Down Payment is a  payment made by the home buyer that goes towards the property purchase price. This can range anywhere from 3-20% of the overall purchase price of your home. The remainder of the sales price after you pay your down payment is what makes up the mortgage loan! Do you not have much…

Purchase your home with just 1% down!

July 15th, 2016 by admin

Posted in first time buyer |

Purchase your home with just 1% down! Coastlend Mortgage Is Excited To Offer The Conventional 1% Down With Equity Boost Loan Program! How would you like to be able to purchase your your dream home with the equivalent of only ONE MONTH’S RENT? Here’s how it works: You put down 1%, your lender contributes 2%*, giving you…

How to Get a Mortgage with Student Loan Debt

May 13th, 2016 by admin

Posted in charleston mortgages |

Tags: 3% down, coastlend mortgage, FHA, mortgage, student debt

You’re fresh out of college and ready to take on the world. First step, get a job. Second step, get a house. But wait, you look at your student loans and you have almost $130,000 weighing above your head and at any moment, specifically six months, it will drop upon you and you’re stuck paying…

An Easy Home Buying Process

April 28th, 2016 by admin

Posted in Mortgage Tip, Uncategorized |

Even though mortgage regulations have changed it appears that the mortgage process has improved on the buyer’s end. A survey was recently conducted that showed 71% of recent home buyers rated their experience as either very good or excellent. This is a 10% increase over the last two years.  Many potential home buyers shy away…

No PMI Can Save You Money in the Long Run

April 21st, 2016 by admin

Posted in avoid PMI |

Tags: Coastlend, mortgage, mortgage insurance, no pmi, pmi, private mortgage insurance

If you’re purchasing a $250,000 home using our 5% down NO PMI loan you can save $65/month over the same conventional loan that has monthly PMI. The interest rate on the NO PMI loan is slightly higher but the payment is still less because you avoid paying expensive monthly PMI. In this case the PMI…

8 Housing Trends We’ll See in 2016

April 20th, 2016 by admin

Posted in Uncategorized |

Tags: 2016, Coastlend, eco friendly, housing, housing trends, mortgage, smart homes, trends

Interest Rates Will Rise. It should come as no surprise that the Fed is gradually raising interest rates. However, this should not scare away buyers. The rate at which the Fed has decided to increase rates will not have a major effect on purchasing. A 30 year fixed rate mortgage will be the least effected…

Smart Technology, Smart Sell?

April 12th, 2016 by admin

Posted in Uncategorized |

The housing market is strong and has been dominated by new construction homes sales. This is great news for the economy but what about for those trying to sell an older home? The data is showing the percentage of older homes sales is in decline. This is troubling news if you’re in the market to…

Homeowners Insurance 101

April 4th, 2016 by admin

Posted in Uncategorized |

Tags: Coastlend, homeowners, homeownersinsurance, insurance, mortgage, policy, quotes

Although homeowner’s insurance may be costly, it is important to protect your investment. With a multitude of insurance providers and options it can get overwhelming choosing the right one. Here are a couple of key elements to pay attention to when looking into insurance: The most obvious factor is the size of the house, the…

The Consequences of Leasing Solar Panels

March 22nd, 2016 by admin

Posted in Uncategorized |

Tags: coastlend mortgage, consequences, gogreen, green, leasing, mortgages, solarpanels

Solar panels are what everyone is talking about as a big money saver for home owners. Why not do it, especially when there are companies that will provide the solar panels and install them for free. What’s the catch? Going green may be great for your carbon footprint and your checkbook but what are the…

Millennials and The Burbs

March 16th, 2016 by admin

Posted in Uncategorized |

Millennials, who are known for living urban lifestyles and looking down upon moving to the suburbs, are doing just that- moving to the burbs. Only 17% of millennials bought urban houses in the past year. As the generation matures, their needs are changing. Millennials around the age of 30 are a fast growing segment of…

Say Hello to an Easy Loan Process

March 9th, 2016 by admin

Posted in Uncategorized |

Securing a mortgage has been known as a lengthy and tiresome process. However, with the internet it’s become easier than ever with this easy loan process. Mortgage Brokers have taken advantage of this and use websites that allow their clients to upload all the necessary documents from the comfort of their home. For instance, Coastlend…

Introducing the new FLEX Mortgage

February 29th, 2016 by admin

Posted in Uncategorized |

Tags: charleston, coastlendmortgage, flexmortgage, mortgage, options, Realestate

Do you want to refinance but don’t want to start over on another 30 year loan? You no longer have to with or new FLEX mortgage. You can make the loan term whatever you want from 8 years up to 30. For instance if you’ve been paying your 30 year mortgage for 6 years you…

Free Loans for Purchases and Refinances

February 26th, 2016 by admin

Posted in avoid PMI, Charleston Mortgage Broker, conventional loan, Mortgage Interest Rate Deduction, NO PMI, Real Estate, south carolina mortgage, south carolina mortgage broker |

Tags: 3% down, closing costs, coastlend mortgage, conventional loan, FHA, mortgage, no closing costs, no pmi

No one wants to pay high closing costs in order to purchase or refinance a home. That’s why we have our no closing costs loans on all loans $200,000 and up. Loans less than $200,000 will receive lender credits to cover most of the costs. How can we do this? We make our lender pay…

Tough Decisions: Condo Vs. Single Family Home

February 18th, 2016 by admin

Posted in charleston condo, charleston homes for sale, Charleston Mortgage Broker, charleston mortgage brokergreenville mortgage broker, charleston mortgages, Charleston Realtors |

Tags: amenities, coastlend mortgage, community, Condo, Condominiums, real estate

Although condos have the stigma of being glorified apartments, they have much more to offer than many would think. Condominiums offer the same benefits of a single family home plus some. When buying a house, it is important to think about your lifestyle and living arrangements. If you’re a busy family or person condos offer…

Get That Offer Accepted

February 16th, 2016 by admin

Posted in charleston mortgages, Charleston Realtors |

Tags: 5% down NO PMI, charleston home purchase, charleston mortgage broker, Charleston real estate, Charleston realtor, coastlend mortgage, Realestate

Charleston’s housing market is red hot! Many buyers are facing unexpected difficulties in finding homes in their price range, and those that are have multiple bids on them. There’s been a great shift int he market from a buyer’s to seller’s market. What does this mean for buyers. The most obvious impact will be higher…

Selecting A Realtor

February 12th, 2016 by admin

Posted in Uncategorized |

One of the first steps in buying or selling a home is choosing a competent, reputable Real Estate Agent to represent you. Choose well and the Agent can help make your dreams come true by getting you top dollar for your house, in a timely manner, or by finding your dream home within your budget….

Is It Time To Refinance?

February 10th, 2016 by admin

Posted in Mortgage Interest Rate Deduction, refinance, refinance |

Tags: broker, coastlend mortgage, loan, mortgage, refie, refinance

There are many factors that come into play when deciding to refinance. Is it the right time? Are rates low? How long do you plan to live in that home? Refinancing does depend upon each individual’s current situation but here are some pointers on whether or not it’s time to refinance. You can recoup the…

Good News for Panthers Fans

February 5th, 2016 by admin

Posted in broncos, panthers, Real Estate, superbowl |

Tags: carolinas, charlotte, coastlendmortgage, denver, housing, panthers, Realestate, superbowl

Many predict the Panthers to win the super bowl but, how does their real estate market measure up to the Broncos? Charlotte, NC home of the Panthers have a median house price of $227,00 in comparison to Denver, CO where the average list price is $474,000. However, in Charlotte homes stay on the market around…

How to Buy a Home with a Great Resale Value

January 26th, 2016 by admin

Posted in charleston mortgages, coastlend mortgage, first time buyer, Flipping Property, resale value, sell your condo |

Tags: buying, coastlendmortgage, firsttimehomebuyers, listing, purchase, Realestate, resale

If you’re a rooky in the real estate business, you may not think about the future when it comes to purchasing a home. First time home buyers are more than likely focusing on the now instead of what may happen years from now. With that being said, it’s important for first time home buyers to…

Why Hire a Mortgage Broker?

January 22nd, 2016 by admin

Posted in Charleston Mortgage Broker, charleston mortgage brokergreenville mortgage broker, Charleston Realtors, coastlend mortgage, first time buyer |

Tags: brokers, informative, lenders, mortgage, mortgagebrokers, Realestate

It’s no secret that buying a home is one of the most important stages in an adult’s life. Like most milestones, buying a house can be extremely stressful and requires a lot of support and research. However, it doesn’t have to be that way with a great mortgage broker guiding you through the process. Known…

5 Quick Tips On Buying an Investment Property

January 20th, 2016 by admin

Posted in Uncategorized |

Are you thinking about buying an investment property? With rates being so low and rents so high, now is great time to do so. Here are a couple of tips if you’re thinking about taking that step into investing.   Have money saved up. The better the down payment the better the interest rates. If…

All Time Lows with Interest Rates

January 19th, 2016 by admin

Posted in Uncategorized |

Rates closing in on all time lows? Good news; mortgage rates have plummeted nearing all time lows! Although the Fed has just increased rates, interest rates are at some of the lowest we’ve seen in a while. Our 3% Down NO PMI Loan is more popular than ever. This paradoxical trend is due in part…

Qualify for Lower Mortgage Rates by Improving Credit Scores

January 12th, 2016 by admin

Posted in coastlend mortgage, Lowest Interest Rate, lowest mortgage rates |

Tags: 3%down, badcredit, coastlendmortgage, creditscores, loan, mortgage, NOPMI, paymnets

  Credit scores have such an impact on what we pay for items. The sticker prices aren’t affected but the interest we pay on those items is. Most people aren’t paying cash so the cost of an item is greatly affected by the interest they pay when charging it to their credit card. Or the…

Home Sweet Home

January 5th, 2016 by admin

Posted in charleston mortgage brokergreenville mortgage broker, charleston mortgages, first time buyer, Interest Rates, NO PMI |

Tags: 3%down, best lender in charleston, charleston, Coastlend, FannieMae, HomeReady, mortgages

Home Ready Mortgage Loan Home sweet Home: The Home Ready Mortgage Loan makes it easier for low to moderate income buyers to purchase a home. The credit standards are more relaxed which typically results in a lower payment when compared to other low down payment options. We even have 3 % down and NO PMI loans…

New Year, New Home?

December 31st, 2015 by admin

Posted in Uncategorized |

In 2015, we saw a promising housing market emerge. More and more buyers came out of the wood work ready to take the plunge to bettering their lives. Purchasing a home was no longer intimidating but a promising investment, not just for money but for continuing their dreams. So, what does the housing market look…

Take The Climb To Being First Time Home Buyers

December 29th, 2015 by admin

Posted in 5% down, avoid PMI, Charleston Mortgage Broker, charleston mortgage brokergreenville mortgage broker, charleston mortgages, coastlend mortgage, conventional loan, first time buyer, No Down payment, NO MI, NO PMI |

Tags: 3%down, coastlendmortgage, credit, fha loans, firsttimebuyers, homebuyers, housingmarket, loans, mortgage, NOPMI, Realestate, USDAloans

Great milestones are accomplished through preparation, hard work, and determination.  For most, one of the great milestones in life is buying a house. However there are many who never accomplish this goal because the feat seems out of their reach. Too high a hill to climb. When in reality it’s as easy to buy a home…

What’s The Deal With Millennials?

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…

5 Reasons You Should Buy vs. Rent

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…

Sorry, You Can’t Buy That House Anymore!

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…

The 101 on Boomerang Buyers

December 8th, 2015 by admin

Posted in boomerang buyers |

Tags: bankruptcy, boomerang buyers, coastlend mortgage, foreclosure, mortgages, short sale

In 2007 more than five million home owners lost their houses due to the recession. However, the boom is back and so are the buyers. More than the two million who took a hit during the recession are now qualified to purchase a home. These buyers a now referred to as boomerang buyers. Although, many…

Save Big with NO PMI Loans

November 24th, 2015 by admin

Posted in avoid PMI, first time buyer, LPMI, MI, NO MI, NO PMI, private mortgage insuracne, Private Mortgage Insurance |

Tags: don't pay pmi, how to avoid pmi, no pmi, what is pmi, why pay pmi

Avoiding PMI can save you money for a long time If you’re purchasing a $250,000 home using our 5% down NO PMI loan you can save $63/month over the same conventional loan that has monthly PMI. The interest rate on the NO PMI loan is slightly higher but the payment is still less because you…

3% Down with NO Monthly PMI

June 8th, 2015 by admin

Posted in avoid PMI, Charleston Mortgage Broker, columbia mortgage broker, conventional loan, first time buyer, lender paid mortgage insurance, Low closing costs, lowest mortgage rates, Lowest payment, NO MI, NO PMI, Private Mortgage Insurance |

Tags: avoid pmi, low down payment, mortgage insurance, no pmi

The best low down payment loan is Coastlend’s 3% Down Conventional loan that has NO PMI. Click this link for a Free Quote. 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 $45,000 more just by…

Is Condo Litigation Killing Your Sale?

January 25th, 2015 by admin

Posted in charleston condo, columbia condo, Condo Litigation, condo loans, condo mortgage, greenville condo, less than 51% owner occupied condos, ltigation loans, mount pleasant condo, sell your condo, south carolina condo, south carolina mortgage |

Tags: columbia condo, Condo, condo financing, condo loans, condo mortgage, greenville condo, how do I qualify for a condo loan, litigation loans, mount pleasant condo, qualify for condo loans, south carolina condo, spartanburg condo

Is condo litigation preventing you from selling or Buying your South Carolina property? Often times in today’s market there is ongoing litigation on a condo development, the development has less than 51% of its units owned by owner occupants, or more than 15% of the HOA dues is delinquent. Any one of these things will…

No Closing Costs on Jumbo Loans

December 2nd, 2014 by admin

Posted in Uncategorized |

Tags: charleston jumbo lenders, charleston jumbo loans, charleston luxury homes, columbia jumbo lenders, columbia luxury homes, jumbo loan, jumbo loan rates, jumbo mortgage, jumbo mortgage rates, jumbo rates, low cost mortgage, low down payment, luxury home loans, luxury mortgage, no closing cost mortgage, no closing costs jumbo loan, no cost mortgage, south carolina jumbo loans, south carolina luxury homes, what is a jumbo loan, what is a jumbo mortgage

No Closing Cost JUMBO Loans. Why pay high closing costs when refinancing your luxury home? Don’t eat into your equity by adding it to the loan amount. Let Coastlend Mortgage pay the closing costs with an interest rate credit. Rates are low and prices are moving higher. It’s time for you to refinance out of…

VA Loans with NO Closing Costs

September 22nd, 2014 by admin

Posted in Low closing costs, No Down payment, Uncategorized, VA loan, VA loan program, Veterans affairs loan |

Tags: best loan in charleston, charleston lender, charleston mortgage broker, charleston va lender, columbia lender, columbia mortgage broker, columbia va lender, greenville lender, greenville mortgage broker, greenville va lender, how do you qualify for a va loan, loans for veterans, no closing costs va loans, no down payment, no down payment loans, south carolina lender, south carolina mortgage, south carolina mortgage broker, va loan program, VA Loans

The VA loan is the best loan in Charleston, Greenville, Columbia and the rest of South Carolina. With the lowest rates, No Down Payment, and NO monthly PMI the VA loan makes it easier for buyers to purchase or refinance. At Coastlend Mortgage we take it one step further. We combine the VA program with…

5% Down with NO PMI

September 11th, 2014 by admin

Posted in 5% down, avoid PMI, charleston mortgages, columbia mortgages, conventional loan, greenville mortgages, Interest Rates, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, NO MI, NO PMI, private mortgage insuracne, Private Mortgage Insurance, south carolina mortgage, south carolina mortgage broker, Uncategorized |

Tags: 5% down, 5% down and no pmi, best rmortgage rates, can I stop pmi, charleston mortgage, columbia mortgage, do i have to pay pmi, does pmi go away, greenville mortgage, how can I avoid pmi, how do I stop pmi, low down payment, lowest interest rates, what is 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…

Interest Only Loans are Back

August 25th, 2014 by admin

Posted in 1 million homes, Beach property, charleston mortgage brokergreenville mortgage broker, Charleston Realtors, columbia mortgage broker, Cost vs Price, first time buyer, Flipping Property, high priced homes, highdti, Interest only loan, Interest Rates, Jumbo, jumbo loans, Lowest Interest Rate, lowest mortgage rates, Lowest payment, luxury home loans, No closing costs, south carolina mortgage broker, Uncategorized |

Tags: best lender in charleston, charleston mortgage broker, columbia, columbia mortgage broker, greenville, greenville mortgage broker, low interest rates, low payment loan, mortgage broker, south carolina mortgage broker

Coastlend Mortgage has brought back the interest only loans 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…

Relocating to Charleston, South Carolina

August 20th, 2014 by admin

Posted in Beach property, Charleston Realtors, choosing a realtor, first time buyer, low down payment, Lowest Interest Rate, Uncategorized |

Tags: Charleston real estate, relocating to charleston, relocation loan

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,…

Great News For Home Buyers

August 4th, 2014 by admin

Posted in Charleston Realtors, choosing a realtor, Cost vs Price, dti, first time buyer, Interest Rates, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: bank loan, best rates, charleston loans, charleston mortgage broker, do i have to pay pmi, loan officer, low payments, low rates, south carolina mortgage broker

Great News For Home Buyers The bond markets recovered all of the losses that occurred late last week. What does this mean for home buyers? Low interest rates. With the recovery the average interest rate on a 30 year fixed loan dropped back down near 4.25% How much would the payment be on a $300,000…

No Closing Costs Mortgage

July 29th, 2014 by admin

Posted in first time buyer, highdti, Interest Rates, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, Mortgage Interest Rate Deduction, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: charleston mortgage broker, do i have to get pmi, how to avoid pmi, how to get rid of pmi, lowest interest rate, lowest payment, mortgage broker, mortgage broker charleston, no closing costs, what is pmi

  No Closing Costs for Purchases and Refinances. No one wants to pay high closing costs in order to purchase or refinance a home. That’s why we have our no closing costs loans on all loans $250,000 and up. Loans less than $250,000 will receive lender credits to cover most of the costs. How can…

Interest Rates at 1 Year Lows

July 18th, 2014 by admin

Posted in first time buyer, Interest Rates, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, Mortgage Interest Rate Deduction, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Uncategorized |

Tags: 5% down NO PMI, charleston mortgage broker, home loans, interest rates, low down payment, mortgage broker, no closing costs, san diego mortgage broker, south carolina mortgage broker

Geopolitical strife, weakness in the world markets…what does this mean for mortgage interest rates? It could trigger a move downward. With all this uncertainty, investors look for a safe investment and one of the safest is U.S. Treasury bonds. As demand for bonds increases mortgage interest rates will decrease. Also Janet Yellen’s testimony may have…

Mortgage Rates Drop Again

May 31st, 2014 by admin

Posted in first time buyer, Interest Rates, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, luxury home loans, MI, Mortgage Interest Rate Deduction, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: 5% down NO PMI, best mortgage rate, best rates, charleston mortgage broker, daniel island homes for sale, daniel island real estate, HELOC, hometown hero, how to qualify for the best mortgage rates, how to qualify for the lowest mortgage rates, how to refinance, interest rates, lowest mortgage interest rates, no mi, no pmi, refinance

Mortgage Rates Drop 6 Weeks Straight Rates are plummeting to their lowest levels in over a year and now everyone who purchased or refinanced in the last 6-12 months should be able to save money with a NO Closing Cost Refinance. With as little as 5% equity you can refinance with NO PMI and NO…

How Can I get the Lowest interest Rate

May 28th, 2014 by admin

Posted in Cost vs Price, first time buyer, Interest Rates, Isla of Palms homes, Jumbo, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, Mortgage Interest Rate Deduction, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Real Estate, VA loans |

Tags: 5% down NO PMI, first time buyer programs, hometown hero, how can I qualify for a low downpayment, lowest rates, mi. lender paid mortgage insurance, no pmi

Why are Mortgage Interest Rates Dropping? Mortgage rates are dropping because world investors are moving their money into the safe haven of US Treasury Bonds. Rates change constantly and economic news, world news, and wall street play a big part in which direction they move. How can you qualify for the best rate? At any…

Interest Rates at 12 Month Low, Credit Standards Relaxed

May 21st, 2014 by admin

Posted in Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, Mortgage Interest Rate Deduction, No closing costs, NO MI, NO PMI, Private Mortgage Insurance |

Tags: 5% down, 5% down NO PMI, best lender in charleston, best rates, charleston investment properties, charleston mortgage, charleston mortgage broker, credit score, CTAR, daniel island real estate, fha loans, interest rates, low down payment loans, low rates, mortgage broker, paid closing costs

12 month low?!?!?! Recent mortgage rules preventing buyers from qualifying for affordable rats have been relaxed. Including lowering of credit scores required to qualify for the best interest rates. In addition interest rates have recently declined to 12 months lows. We haven’t seen rates this low since summer 2013. We’re even seeing an uptick in…

Qualify More Buyers for High Priced Homes

April 30th, 2014 by admin

Posted in 1 million homes, Cost vs Price, dti, high priced homes, highdti, Interest Rates, Jumbo, jumbo loans, Mortgage Interest Rate Deduction, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: best rates, debt to income, dti, high dti, high priced homes, interest only, interest only mortgage, jumbo, jumbo homes, jumbo loan, jumbo loans, jumbo rates, loan, lowest rates, mansions, mortgage

Qualify More Buyers for High Priced Homes: Jumbo loans are back and we can go as high as 49% on buyer’s debt to income ratios. That’s almost 10% above traditional banks. What does this mean for your clients? You should be able to qualify more because the income requirements just got relaxed. if you had…

Americans Rally around Housing, Arm Loans are Back.

April 28th, 2014 by admin

Posted in Cost vs Price, Flipping Property, Interest Rates, Lowest Interest Rate, Mortgage Interest Rate Deduction, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: 5% down NO PMI, best lender in charleston, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, Charleston real estate, Charleston realtor, CTAR, daniel island homes for sale, doctor loans, first responder loans, first time buyer, hometown hero, interest rates, low country real estate, low down payment loans, low rates, no closing costs, no cost loan, zero closing costs

According to a recent Gallup poll, 74% of Americans say it is a good time to buy a house, while 24% call it a bad time. That’s a big shift from the crisis years. Many of the positive responders also believe that homes are not overvalued yet. “These more positive views of the housing market…

Introducing the FLEX Mortgage

April 28th, 2014 by admin

Posted in Cost vs Price, Interest Rates, Mortgage Interest Rate Deduction, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: 30 year loan, fixed rate mortgage. 15 year loan, fixed rates, flex term, your mortgage, yourgage

Do you want to refinance but don’t want to start over on another 30 year loan? You no longer have to with or new FLEX mortgage. You can make the loan term whatever you want from 8 years up to 30. For instance if you’ve been paying your 30 year mortgage for 6 years you…

STOP PAYING PMI!

April 28th, 2014 by admin

Posted in Charleston Realtors, choosing a realtor, Cost vs Price, first time buyer, Interest Rates, lender paid mortgage insurance, low down payment, Lowest Interest Rate, lowest mortgage rates, Lowest payment, LPMI, MI, No closing costs, NO MI, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: 5% down NO PMI, best lender in charleston, best loan in charleston, best mortgage, best mortgage rate, charleston home purchase, charleston investment properties, Charleston real estate, first responder loans, first time buyer, Lender paid mortgage insurance, loan, low country real estate, low down payment loans, lowest mortgage payment, lowest payment, LPMI, mortgage, mortgage insurance, no cost loan, no pmi, paid closing costs, pmi, sullivan's island homes, summerville real estate, zero closing costs

Whether you’re purchasing a home or have an existing mortgage, STOP PAYING PMI! Everybody hates it, no one wants to pay it, and it’s expensive. So why are you paying it if you don’t have to? Unbeknownst to most loan officers and even more consumers, there’s a nice trick to avoiding traditional PMI on conventional…

Don’t Pay PMI

April 17th, 2014 by admin

Posted in Charleston Realtors, Cost vs Price, first time buyer, Interest Rates, low down payment, Lowest Interest Rate, Mortgage Interest Rate Deduction, No closing costs, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized |

Tags: 5% down NO PMI, bank loan, best lender in charleston, best mortgage rate, charleston home purchase, charleston mortgage broker, Charleston realtor, daniel island real estate, fireman loans, first time buyer, low down payment loans, no cost loan, paid closing costs, second home purchase, zero closing costs

Say ‘NO” and don’t pay PMI! Why do we say “Don’t pay PMI?” 5% Down and NO PMI is the best low down payment loan in the country. On a $300,000 purchase price the NO PMI loan is typically $158 less than on an FHA loan because you avoid paying costly PMI. In addition we…

Qualify for Lower Mortgage Rates by Improving Credit Scores

April 16th, 2014 by admin

Posted in Cost vs Price, first time buyer, Flipping Property, Interest Rates, low down payment, Lowest Interest Rate, Mortgage Interest Rate Deduction, No closing costs, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: 5% down NO PMI, bad credit, bank loan, best lender in charleston, best loan in charleston, best loans, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, charleston mortghage broker, Charleston real estate, Charleston realtor, CTAR, daniel island homes for sale, daniel island real estate, doctor loans, fireman loans, first responder loans, first time buyer, fix credit, hometown hero, investor, low country real estate, low down payment, low down payment loans, lowest interest rates, mortgage insurance, mortgage rates, no closing costs, no cost loan, no mortgageinsurance, no pmi, paid closing costs, pmi, second home, summerville real estate, zero closing costs

Credit scores have such an impact on what we pay for items. The sticker prices aren’t affected but the interest we pay on those items is. Most people aren’t paying cash so the cost of an item is greatly affected by the interest they pay when charging it to their credit card. Or the interest…

6 Keys to Selecting The Best Real Estate Agent

March 6th, 2014 by admin

Posted in Beach property, Charleston Realtors, choosing a realtor, Cost vs Price, first time buyer, Flipping Property, Interest Rates, jumbo loans, low down payment, Lowest Interest Rate, luxury home loans, Mortgage Interest Rate Deduction, No closing costs, NO PMI, Private Mortgage Insurance, Real Estate, Uncategorized, VA loans |

Tags: 5% down NO PMI, bank loan, beach property, best lender in charleston, best mortgage rate, best realtor, buyers agent, charleston home purchase, charleston investment properties, charleston mortgage broker, Charleston real estate, Charleston realtor, CTAR, daniel island homes for sale, daniel island real estate, doctor loans, fireman loans, first responder loans, first time buyer, hometown hero, interest rates, investor, isle of palms, johns island real estate, lender, listing agent, low country real estate, low down payment loans, low rates, lowest interest rate, lowest interest rates, mortgage, no closing costs, no cost loan, paid closing costs, real estate agent, realtor, rising rates, second home, second home purchase, selecting a realtor, sullivan's island homes, summerville homes for sale, summerville real estate, teacher loans, zero closing costs

One of the first steps in buying or selling a home is choosing a competent, reputable Real Estate Agent to represent you. Choose well and the Agent can help make your dreams come true by getting you top dollar for your house, in a timely manner, or by finding your dream home within your budget….

Sorry, You Cant Afford That House Anymore.

February 25th, 2014 by admin

Posted in Uncategorized |

The Best Rates and Mortgage Payments in Charleston and Tri County 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 (that’s amazing…

Introducing The New FLEX TERM Mortgage

February 12th, 2014 by admin

Posted in Uncategorized |

Do you want to refinance but don’t want to start over on another 30 year loan? You no longer have to with or new FLEX term mortgage. You can make the loan term whatever you want from 8 years up to 30. For instance if you’ve been paying your 30 year mortgage for 6 years…

The Jumbo Loan Market Heats Up

January 23rd, 2014 by admin

Posted in Cost vs Price, first time buyer, Flipping Property, Interest Rates, jumbo loans, low down payment, Lowest Interest Rate, luxury home loans, Mortgage Interest Rate Deduction, NO PMI, Private Mortgage Insurance, Real Estate, VA loans |

Tags: 5% down NO PMI, bank loan, best lender in charleston, best loan in charleston, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, lender, low down payment loans, low rates, mortgage, rising rates

What’s considered a Jumbo Loan? It’s any loan amount exceeding the county’s conventional loan limit. In most areas that’s $417,000. Some areas considered “High Cost” like New York and Southern California have higher limits. As high as $625,500. When you exceed this limit on your loan amount you fall under different guidelines that effect down…

Should I Wait to Buy a Home?

January 9th, 2014 by admin

Posted in Uncategorized |

It’s time to shit or get off the pot, as my brother used to say. For several years many buyers have been standing on the sidelines waiting for the perfect time to buy and rightfully so. No one wants to buy an asset that’s declining in value. That declining period is now behind us and…

Loan Fees Increasing in 2014

December 18th, 2013 by admin

Posted in Cost vs Price, Flipping Property, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |

Tags: 5% down NO PMI, bank loan, best loan in charleston, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, lender, low down payment loans, low rates, mortgage, rising rates

The cost of getting a loan is going up in 2014. New loan level price adjustments by the Federal Housing Finance Agency (FHFA) will make it more expensive for those obtaining a mortgage by increasing fees for certain qualifying criteria like credit scores and the percentage of money borrowed on the value of the home….

Mortgage Payments are Less Than Rent

December 12th, 2013 by admin

Posted in Uncategorized |

Take a look at these mortgage options showing the cost of owning a $275,000 home with our minimum 3.5%  and 5% down loan programs. The payments on all three loans are less than what many people pay for rent. When you’re renting the money just goes to rent and its gone. When you own you…

5 Reasons You Should Buy vs. Rent

December 11th, 2013 by admin

Posted in Uncategorized |

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. Rent is likely to continue to rise because there is a…

FHA Lowering Loan Limits

December 10th, 2013 by admin

Posted in Uncategorized |

FHA is set to reduce its loan limits for high cost areas beginning in 2014. The highest loan amount allowed now is $729,750 for areas like New York City, San Francisco, and Los Angeles. The new maximum will be $625,500. Other areas considered “high cost” will be reduced as well. In total it will affect…

Tax Relief Coming to an End

December 6th, 2013 by admin

Posted in Uncategorized |

  Is Tax Relief Coming to an End? The Mortgage Forgiveness Debt Relief Act (MFDRA) is set to expire January 1, 2014. This is troubling news to anyone hoping to short sell their home. Under the current terms the debt that is forgiven isn’t taxed. However normal IRS rules require that the home owner who…

5% Down Better than FHA Mortgage

December 2nd, 2013 by admin

Posted in Uncategorized |

FHA mortgage or the 5% down? The best mortgage loans in South Carolina are easier to get than you think. Not long ago FHA was the best mortgage if you were making a small down payment however this is no longer true. FHA has increased its monthly MI charges and upfront charges so it’s a…

Want to Retire Early?

November 20th, 2013 by admin

Posted in Uncategorized |

  Thinking about trying to retire early? Owning a home is can be the best way to build one’s wealth and is a great tool for retirement. However it’s not the only tool. It’s equally important to review other aspects of your wealth building and the best way to do that is by meeting with…

VA Loan with NO Closing Costs

November 19th, 2013 by admin

Posted in Uncategorized |

The VA loan is the best loan in Charleston, SC as well as the rest of the country. With the lowest rates, No Down Payment, and NO monthly PMI the VA loan makes it easier for buyers to purchase or refinance. At Coastlend Mortgage we take it one step further. We combine the VA program…

100% Gift Funds on 5% Down and NO PMI

November 15th, 2013 by admin

Posted in Uncategorized |

Buying just got a lot easier. Introducing a revolutionary loan that will help qualify more of your buyers. Our most popular mortgage, 5% down with No PMI, just got a lot better. Now the 5% can be 100% gift funds. Prior to our rollout this week the only low down payment program that would accept…

First Time Buyer Programs – Closing Cost Assistance

November 7th, 2013 by admin

Posted in Uncategorized |

First time Buyers in Charleston. SC should consider working with Eddie O’Neill at Coastlend Mortgage. Eddie has been working with new home buyers for almost a decade. He is licensed, bonded, and has helped over 750 homeowners over his career. Coastlend Mortgage offers low down payment loans to make it easier for those starting out…

Banks Loosening Lending Standards

November 6th, 2013 by admin

Posted in Uncategorized |

According to the Federal Reserve more lenders loosened their standards last quarter than in any quarter over the last 5 years. That’s good news for home buyers. Last month we reported Fannie Mae and Freddie Mac will be ending their 3% down payment programs. This one of our most popular loans so it’s unfortunate that…

Qualifying for a Mortgage is Easier Than You Think

October 30th, 2013 by admin

Posted in Uncategorized |

Qualifying for a Mortgage is Easier Than You Think   In today’s recovering housing market there are some powerful myths about the state of mortgage lending. The biggest of which is “it’s so hard to get a mortgage these days.” That thinking couldn’t be further from the truth. The fact is getting a mortgage is…

Tips For A Smooth Loan Closing

October 25th, 2013 by admin

Posted in Uncategorized |

Tips for a Smooth Loan Closing – Here are some important Do’s and Don’ts you’ll want to follow during the loan process because you’re not in the clear once you get the initial Pre-Approval Letter or even an Underwriter Approval on your loan. You must maintain your qualified status until the closing. I can’t stress…

HARP Changes Will Help More Homeowners

October 23rd, 2013 by admin

Posted in Uncategorized |

HARP has expanded its guidelines to help more homeowners. Effective immediately HARP will change the program to include the Note date or closing date of a loan as the effective date rather than the date it was sold and securitized by Fannie Mae or Freddie Mac. To qualify the loan must have closed on or…

Paid Closing Costs for Boeing Employees in South Carolina

October 22nd, 2013 by admin

Posted in Uncategorized |

Coastlend Mortgage is offering special financing programs for Boeing employees in the Charleston, South Carolina area. This new program for Boeing employees highlights include paid closing costs up to 1.25% of the purchase price, paid appraisals, free approvals, free credit reports, and fast closing times in as little as 21 days. Combine this with Coastlend…

Mortgage interest Rates Hit 4 Month Lows

October 22nd, 2013 by admin

Posted in Uncategorized |

Mortgage interest Rates Hit 4 Month Lows   Bond prices are soaring today. That should translate into lower mortgage rates. They should be at their lowest point in more than 4 months. How are you advising your buyers? At Coastlend Mortgage we watch the markets closely so we can properly advise our clients on when…

Government Open for Business – Interest Rates Improve

October 17th, 2013 by admin

Posted in Interest Rates, Uncategorized |

Interest Rates are Improving! Now that the government shutdown is over we are seeing some of the effects it’s having on the markets. Had we defaulted, we might have seen interest rates rise sharply. Since we didn’t, confidence has now been restored and investors are once again rushing to buy bonds which is good for…

New Fed Chairperson Good For Housing

October 10th, 2013 by admin

Posted in housing |

President Obama has chosen Janet Yellen to be the new Fed Chairperson. This new Fed Chairperson appears to be very good for mortgage interest rates and going forward because she helped create and is in favor of many of the policies in place to help boost the economy with low interest rates. This should be good…

The Goverment Shutdown Extends Low Rates!

October 10th, 2013 by admin

Posted in Lowest Interest Rate |

 of QE3…I’m not so sure. The government shutdown could keep interest rates low for a while. It’s possible. For 3 or 4 months before the shutdown interest rates were steadily climbing. Why, because the talk around Wall St. was the Fed is going to start tapering Quantitative Easing – QE3. The mere mention of it by…

Today’s Recovering housing Market makes qualifying easy!

October 8th, 2013 by admin

Posted in charleston mortgages |

Qualifying for a Mortgage is Easier Than You Think  In today’s recovering housing market there are some powerful myths about the state of mortgage lending. The biggest of which is “it’s so hard to get a mortgage these days.” That thinking couldn’t be further from the truth. The fact is getting a mortgage is fairly…

Mortgage Rates Lower to Start the Week

October 7th, 2013 by admin

Posted in Mortgage Monday |

Interest rates continue to improve as the Congress fails to make headway on getting the government back up and running at 100%. Mortgage rates are at their lowest point in 3 months. Coastlend Mortgage’s current interest rates are 4.125% on a 30 year fixed loan with 1 point and 4.25% with zero points in South…

Payments and Rates Drop for 4th Week. Refinance While You Can.

October 4th, 2013 by admin

Posted in Lowest Interest Rate |

Mortgage rates drop and are down for the 4th straight week in a row. Currently we are nearing 4% on a 30 year fixed loan. Compared to the recent peak in August, the payment on a $300,000 loan has dropped more than $50/month. That’s a huge drop in only a 4 week span. See chart…

Goverment Shutdown and Mortgage Interest Rates

October 1st, 2013 by admin

Posted in Interest Rates |

  Government Shutdown and Mortgage Interest Rates The government shutdown is beginning to affect mortgage interest rates. Since the market opened there has been no change to mortgage interest rates. They are holding the gains of the last few weeks. I predicted the this would result in lower rates, but so far there has been no…

Bull Market for New Home Builders

September 30th, 2013 by admin

Posted in new home buyer |

It’s about to get more expensive to buy a home. Fannie Mae is getting rid of the 3% down purchase loan on November 16th. After that date the minimum down payment will be 5%. This will also eliminate our 3% down and NO PMI program. What are you telling your buyers? From November 16th forward…

How will the government shutdown affect your Real Estate business?

September 30th, 2013 by admin

Posted in Real Estate |

How will the government shutdown affect your Real Estate business? For one thing it could take longer to close on clients loans if they are getting a federally backed mortgage such as VA or USDA. The USDA program will be frozen during the shutdown. The last shutdown in the 90’s lasted 21 days. That could…

Sorry You Can’t Buy That House Anymore

June 5th, 2013 by admin

Posted in Cost vs Price, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |

Tags: bank loan, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, low rates, mortgage, rising rates

As interest rates begin to rise buyers lose purchasing power. Here is another opportunity to educate your buyers or fence sitters to help them understand the cost of waiting. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. With a rate of 4.25% on a 200,000 loan, the payment…

HARP 2 Refinance Program

February 12th, 2012 by admin

Posted in harp |

HARP 2 from Charleston, South Carolina to San Diego, California HARP 2 in South Carolina and California has begun. Homeowner’s who are underwater will be able to refinance their home at today’s extremely low interest rates with no out of pocket expenses, no appraisal, and very little if any closing costs. This is a no…

Interest Rates at Record Lows and Harp 2 Begins

February 3rd, 2012 by admin

Posted in harp |

-The chart below is treasury bond prices over the last year and a half. As the treasury bond prices go up, mortgage interest rates go down. As you can see we are at the top of a range and in fact bond prices are so high that interest rates have never been this low. Even…

Resolution Refinance 5% Equity NO Mortgage Insurance

January 5th, 2012 by admin

Posted in refinance |

-Coastlend Mortgage is moving its NewsLetter to a new platform. In order to continue to receive these informative updates you must register at www.coastlendmortgage.com and enter your name and email into the “sign up box” located on the right hand side of the page. The new platform will have video and graphic upgrades in addition…

Everybody Gets To Refinance No Matter What – HARP 2.0

November 5th, 2011 by admin

Posted in refinance |

HARP 2.0 is President Obama’s revised version of the Home Affordable Refinance Program. The main revision is that it will be available to underwater homeowners no matter how underwater they are. Previously it was only available up to 125% of the appraised value. This excluded many homeowners from qualifying. Now the HARP won’t even require…

Sorry, You Can’t Buy That House Anymore!

October 26th, 2011 by admin

Posted in Uncategorized |

As interest rates begin to rise buyers lose purchasing power. Here is another opportunity to educate your buyers or fence sitters to help them understand the cost of waiting. 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…

HARP – Home Affordable Refinance Program, Will it Work?

October 24th, 2011 by admin

Posted in Uncategorized |

HARP is the buzz word of the day. It stands for Home Affordable Refinance Program. I’ve been talking about this for the last few months as a possibility and today it will become reality. President Obama will announce his new HARP refinance program that is geared to help homeowner’s who are underwater and are current…

Warning!! 5.5% Rates are Coming Fast

October 13th, 2011 by admin

Posted in Uncategorized |

5.5% rates are on their way. Call your clients and educate them on the cost of waiting. All the data shows mortgage rates are headed higher. Many of the floors of resistance in Bond prices have been broken over the last two weeks and we are heading down to the next floor of resistance which…

Introducing the Limited Equity Refinance

September 27th, 2011 by admin

Posted in Uncategorized |

Do you want to lower your interest rate but have little equity in your home? Every day I talk to people who believe they can’t lower their interest rate because they have little or no equity in their home. Or they think that refinancing over 80% loan to value will result in paying mortgage insurance….

New PMI Rules Will Bring More Buyers

August 10th, 2011 by admin

Posted in Private Mortgage Insurance |

There’s some great news on the horizon for buyers. Radian, one of the nation’s largest Private Mortgage Insurance providers, will be loosening its guidelines starting July 11, 2011. This will bring a new pool of buyers into the market. “They are trying to show that conventional financing with MI is a better alternative to FHA…

4% rates are here!

August 4th, 2011 by admin

Posted in Interest Rates, Real Estate |

4% rates are here!  Make sure to tell all your buyers they should act quickly before the 4% rates disappear. The passing of the debt ceiling increase has driven rates down over the last few days and we are seeing 4% rates for many qualified buyers. I would be happy to help any buyers get qualified. Also…

Flipping Property is Alive and Well:

July 4th, 2011 by admin

Posted in Flipping Property |

As the economy slowed and the housing bubble popped, real estate flipping became something of the past. Most lenders and government agencies quickly enacted rules against the practice. In most cases buyers were unable to get financing for properties that had been purchased less than 90 days prior. Even if you were outside the 90…

Real Estate is All Local All the Time:

June 4th, 2011 by admin

Posted in Real Estate |

Real Estate Markets will always be local: What I mean is you can’t base your decisions to buy or sell from watching the evening news with Katie Couric or Diane Sawyer. For one thing they sell doom and gloom. Another reason is because they base most of their statistics on National averages. So while San…

Cost vs. Price – So Important in Today’s Market

May 4th, 2011 by admin

Posted in Cost vs Price, Interest Rates |

With an election year at our doorstep and a looming Double Dip Recession, there may be a lot of forces at work to jump start the slumping economy for political gain. Does this mean another round of Quantitative Easing QE3? In my mind it does. This time they may call it something else but the…

#1 Loan In America Is the VA loan

April 4th, 2011 by admin

Posted in VA loans |

VA loans are the best loans available however only those who are veterans or who are actively serving in the armed forces qualify. The armed forces include Army, Navy, Air Force, Marines, and Coast Guard. Here are a few reasons VA loans are #1 VA Loans are ZERO Down loans. There is no down payment required. This…

No More Mortgage Interest Deduction?

March 4th, 2011 by admin

Posted in Mortgage Interest Rate Deduction |

Getting the Mortgage Interest Deduction on your taxes each year is an important benefit of owning a home. Currently congress is discussing getting rid of this vital element. Home ownership is more affordable for everyone simply because this benefit exists. If they take it away, they will be sending the message that home ownership doesn’t matter….