Mortgage Refinansing Help

Mortgage Refinancing Help: South Carolina

“Get your interest rate and closing costs in writing as soon as you decide on a lender to work with. Get your lender to give you a commitment in advance of all of the costs that will be involved with your loan. Find out if the refinance loan you are getting has a pre-payment penalty as well. Sometimes lenders will leave out important information like this, if they think it might scare you away from refinancing with them. ”

Mortgage Refinancing Help : Business: Financial Services: Banking Services: Banks and Institutions: Regional: North America: United States : South Carolina (16)

Don't fall for the 0% apr unless it fits in with your master plan. A lot of brokers will try to get you locked into a low interest rate that will balloon on you in a couple of years and leave you out on the street.

Mortgage Refinancing Help: South Carolina ()

See also:

Carolina First »
Financial institution provides individual and business accounts throughout North Carolina.

National Bank of South Carolina »
A member of the Synovus Financial Corp. family of companies, NBSC is a full service bank currently serving 26 communities in South Carolina from 43 locations and is the second largest bank within the Synovus network.

Palmetto Bank »
Community bank that provides banking services to upstate South Carolina.

Southcoast Community Bank »
Provides details on banking, insurance, and investment services; based in Mt. Pleasant with branches in Charleston, Moncks Corner, and Johns Island.

AgFirst Farm Credit Bank »
An agricultural lender in the eastern United States and Puerto Rico.

First Federal »
Charleston based, full service financial institution; offers online banking and details on personal, business, and mortgage products.

Bank of Walterboro »
Community bank based in Walterboro with branches in Ridgeland and Ravenel; includes details on personal and commercial services, loans, and online banking.

Conway National Bank »
Locally owned and managed institution providing banking and financial services to individuals and small businesses. Includes profile, locations, and employment opportunities.

County Bank »
Community bank operating six locations in Greenwood; includes details on business and personal financial services, locations, and online banking.

South Carolina Bank and Trust »
Offers details on banking and lending services in the Rock Hill, Columbia, and Bluffton areas.

First National Bank of South Carolina »
Descriptions of products and services offered by this community bank. Based in Holly Hill with locations in Goose Creek, Eutawville, Harleyville, and Ridgeville.

Bank of South Carolina »
Offer full service personal and business banking throughout the state.

Farmers and Merchants Bank »
Holly Hill based institution with branches throughout Orangeburg and Dorchester counties; includes bank history, calculators, details on business and personal services, and locations.

Carolina Bank »
Full service personal and business bank serving 11 communities, offering traditional, telephone, and on-line banking.

First Reliance Bank »
Offers details on personal and business services, loans, Internet banking, and investor information; located in Florence.

First Citizens Bank »
Provides commercial banking and related financial products and services through more than 130 offices in 88 communities throughout South Carolina.

If you are planning to stay in your home for several years, then you can save money by paying points for lower interest rates. You pay up front fees to ensure you have lower interest payments over the course of your loan. Remember, this only works if you keep your mortgage for several months.

You can ask for a copy of your settlement cost papers (the HUD-1 form) one day in advance of your loan closing. This will give you a chance to review the documents and verify the terms.

When it comes to lowering your rates you will need to weight the benefits of having a lower rate vs. paying points up front. You may end up paying a lot more depending on your choice and how long you plan on keeping your mortgage.

Many financial advisers caution against cash-out refinancing to pay down unsecured debt (such as credit cards) or short-term secured debt (such as car loans). You may want to talk with a trusted financial adviser before you choose cash-out refinancing as a debt-consolidation plan.