What Millennials Need to Know About Home Loans

One of the most pervasive myths about Millennials in the recent decade is that they do not want to purchase a home. This can come from the fixed nature of wages and the influx of educated professionals in the marketplace. Others think that it’s just the attitude of the generation. Regardless, most Millennials have relegated Read more about What Millennials Need to Know About Home Loans[…]

HOW TO WIN A HOME IN CHARLESTON’S COMPETITIVE MARKET

Cash may be king, but words are pretty powerful, too: One of the most effective ways to win a bidding war is to write the seller a letter as well as getting a full credit approval with your mortgage lender prior to placing an offer. All-cash offers nearly doubled a buyer’s chances of trumping others, Read more about HOW TO WIN A HOME IN CHARLESTON’S COMPETITIVE MARKET[…]

6 Reasons Charleston Is The Perfect Home For You!

Charleston, South Carolina: the largest and oldest city in the entire state. This gorgeous port city, which was founded in 1670, has been around to witness America’s best and worst moments. It’s now evolved into a festive, bustling town that anybody would be lucky to lay eyes on. Charleston represents a harmonious marriage of the Read more about 6 Reasons Charleston Is The Perfect Home For You![…]

Annual Mortgage Insurance Premiums

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. Read more about FHA Suspends Reduction of Annual Mortgage Insurance Premium[…]

Interest Rates

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% Read more about Interest Rates are Pushing Millennials out of the Charleston Housing Market[…]

Charleston Housing Market

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 Read more about The Lucy Lending Team Tip of the Week – Charleston Housing Market[…]