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What the Government Shutdown Means for Your Mortgage

The United States’ current partial government shutdown is the longest on record in the country’s history, with hundreds of thousands of federal employees being furloughed. While banks are still in operation during this time, the mortgage industry isn’t immune from the shutdown’s effects—and if you’re a federal employee, you may be feeling the sting of

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Understanding Your Escrow Account

If you have obtained a home loan to purchase your home, don’t be fooled into thinking that your monthly mortgage payment will be based on the value of the home alone. The likelihood that you will have an escrow account is high, and can raise your monthly mortgage payment significantly. Your escrow account can be

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Common Defenses in a Foreclosure Action

If you are facing foreclosure in South Carolina, you are likely afraid, overwhelmed, and uncertain about what the future holds. Defending against a foreclosure action is possible in certain circumstances, but can take a great deal of time and emotional energy. If you are in the middle of a foreclosure action, it’s important to have

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HOA Foreclosures Exist–Here’s What You Should Know

If you are a homeowner in South Carolina, your property may be governed by a homeowner’s association (HOA). As a member of an HOA, you are likely subject to monthly or yearly assessments to the association. If you find yourself in a sticky financial situation, paying your HOA dues may be low on your list

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Homeowner’s Associations and Their Powers

If you are a South Carolina homeowner, you and your home may be under the supervision of a homeowner’s association, or HOA. In such a situation, it’s critical to understand the purpose of an HOA, along with the powers that the organization can hold over homeowners and their property. What is a Homeowner’s Association? When

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Top Reasons for Closing Delays

The closing process can be a stressful period of time, even if the everything occurs without a hitch. If you encounter a problem that causes your closing to be delayed, the process can be especially aggravating—you could be left without a place to live for days on end, and could even subject yourself to legal

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The Low-Down on Adjustable Rate Home Loans

If you are in the process of obtaining financing for the purchase of your home, you may be presented with several different options for home loans. While conventional loans are king in the world of mortgages, certain circumstances may make an adjustable rate mortgage (ARM) the right—or in some cases, completely wrong—loan option for you.

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Top Reasons People Refinance a Mortgage

If you are saddled with a mortgage with an extremely high interest rate or terms which you are not comfortable with, refinancing your mortgage may be a way to escape the offending loan. People refinance home loans for a multitude of reasons, but several reasons are more common than others. Common Reasons to Refinance a

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Choosing the Right Real Estate Agent

  If you are in the market to purchase a home, a real estate agent can be one of your most valuable assets. From the beginnings of the search for your home through the end of your closing, you and your agent will be communicating with each other very frequently. It’s important, then, to find

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The Do’s and Don’ts of Applying for a Mortgage

If you have decided to purchase a home and are applying for a mortgage, then there are several things that you should know about the mortgage process. In particular, there are several things that you should do—and absolutely shouldn’t do—in order to ensure that you don’t jeopardize your mortgage approval. Mortgage Applications: Do’s and Don’ts

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