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Financing Your First Home
Financing your home in Charleston - and anywhere else for that matter - can be tricky and confusing. here are a few pointers while trying to finance your first home. What you can afford?Each buyer is unique - and we'll help you find out just what you can afford. Your income and your debts will typically play the biggest roles in determining your price range. Use our Mortgage Calculator in choosing a price range that best fits your budget. Figure out your fundingA range of mortgage options are available, and we'll help you determine which can work for you - some loans require little money down. You'll also need to consider closing costs and the escrow account for taxes and insurance. Less-than-perfect credit report?Don't worry, there are options that are ideal for those who have a few "dings" on their credit report. Work with your lender to develop an individual mortgage program based on your unique credit worthiness. Loan ProgramsFinding the best loan program for your needs depends on a number of factors, including:
Tax BenefitsYou may be able to deduct the interest you pay on the mortgage loan and some of the financing costs of the home, such as points. And your property taxes could be deductible. You should consult your tax advisor for more information. |
Questions? Comments? Please Call (843) 871-5859
ERA Tides Realty - Charleston SC Real Estate
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