How to Use Your Home Equity

How to Use Your Home Equity

One way to access cash quickly is to tap into your home’s equity. However, when you’re borrowing against your home, it’s important to proceed with caution and to understand your options. Some of the common options for accessing your home’s equity include:...
What is an Adjustable Rate Mortgage?

What is an Adjustable Rate Mortgage?

If you’re shopping for a home, it’s important that you know what an adjustable rate mortgage, often referred to as an ARM, is. This is a home loan that has a variable interest rate. The initial interest rate is fixed for a specified period of time. After that, it will...
Is an FHA Loan the Right Choice for You?

Is an FHA Loan the Right Choice for You?

If you’re a first-time homebuyer in Columbia, South Carolina and your credit needs some work, you may not qualify for a conventional mortgage- or if you are able to qualify, the interest rate is likely to be outrageous. However, an FHA loan may be a good option if you...
Pros & Cons of Reverse Mortgage

Pros & Cons of Reverse Mortgage

Chances are, you’ve seen ads online and on TV or heard them on the radio about reverse mortgages. If you’re nearing retirement age, it might sound like a pretty good idea, especially if most of your net worth is in your home. That being said, if you are in Columbia,...