Zach Larichiuta – Lucy Lending Team, Charleston Mortgage Broker Being a trusted Charleston Mortgage Broker, Charleston CMPS and Certified Mortgage Planning Specialist for many years, I have realized one of the most important things to understand as a homeowner is what refinancing is the different options and when the right time for you to engage… Continue reading Mortgage Refinancing; Is Now the Right Time?
Author: chsmortgagelender
February In Charleston
February in Charleston is here. We all know that means Super Bowl time! For all the animal lovers out there is the annual Dock Dog competition and all things SEWE on the weekend of 17-19. Amazingly, Dave Chappelle is in town for 4 shows in 2 nights at the Music Hall. (Bill Murray has been… Continue reading February In Charleston
How the Dow Jones Industrial Average Effects Mortgages
A great explanation of how the Dow Jones Industrial Average effects the economy and mortgage market. As government bonds that drive mortgage rate increases as stock prices soar. This occurs because as investors put more money into the stock markets, the market tends to shift away from the bond markets. This creates an inverse reaction… Continue reading How the Dow Jones Industrial Average Effects Mortgages
FHA Suspends Reduction of Annual Mortgage Insurance Premium
And just like that it is gone….. The FHA has suspended the annual reduction of Annual Mortgage Insurance Premiums. For the full story you can click here. This is how quick things can change in the mortgage world and why it is so important to use a dependable lender who stays abreast these important updates.… Continue reading FHA Suspends Reduction of Annual Mortgage Insurance Premium
Interest Rates are Pushing Millennials out of the Charleston Housing Market
Rising Interest Rates As we see interest rates increase daily, adding additional stress for millennials and all members of the X and Y generation to purchase a home. According to a recent analysis from Fitch Ratings this obstacle has affected the younger generation significantly. The impact has cut down the millennials mortgage capacity by 9%… Continue reading Interest Rates are Pushing Millennials out of the Charleston Housing Market
Pre-Qualification versus Pre-Approval
These two terms are often confused or generalized as the same thing; which they are not. What differentiates them are the borrower received from the client to assess what they qualify for monetarily for a mortgage payment and purchase price. In the booming Charleston real estate market, 5 times out of 10, the listing agent… Continue reading Pre-Qualification versus Pre-Approval
The Lucy Lending Team Tip of the Week – Charleston Housing Market
As the Charleston Housing Market continues to grow, inventory remains low for buyers who are in the market to upgrade or make a move. Luckily the annual “Build, Remodel & Landscape Expo” will return to the Exchange Park Fairgrounds in Ladson, South Carolina twice in January. The solution to the low inventory and desire for… Continue reading The Lucy Lending Team Tip of the Week – Charleston Housing Market
COVID’s Positive Effect on South East Housing Market
The secret is out; you do not have to live in the Northeast to have a successful career and can have an increased quality of life by simply relocating somewhere that allows and supports that mentality and culture. Prior to the global pandemic, people were leaving the North East in droves due to their exorbitant… Continue reading COVID’s Positive Effect on South East Housing Market
Events
March offers so many wonderful events for everyone in the Low Country! The Historic Charleston Foundation kicks offspring with the 2019 Festival of Houses and Gardens running from the 13th until April 18. We’ve got the Food + Wine Festival, St Patrick’s celebrations, great comedy, and the world’s top female tennis players come together for… Continue reading Events
CHARLESTON EVENTS IN SEPTEMBER
What an incredible summer we had! The best part of the year is approaching quickly: fall! School is back in session, football is starting, and cooler temps are on the way. September is going to be a great month. The Lowcountry Jazz Festival kicks things off at the Gaillard Center. Charleston Restaurant Week and Charleston… Continue reading CHARLESTON EVENTS IN SEPTEMBER