SC Mortgage Refinance in South Carolina
We make it easy to get the lowest mortgage refinance interest rate in SC.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, SC residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.
When Should I Refinance?
The best time to refinance is when interest rates in South Carolina drop below the rate of your current mortgage. With a lower interest rate, you'll save money on your mortgage payment every month. Be sure to read our article titled Reasons to Refinance Now.
Turn Your Adjustable Rate into a Fixed Rate
With adjustable rates on the rise SC residents can benefit greatly from refinancing your home for a low fixed rate. These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.
Cash-Out Refinancing
Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash. You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt. How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.
Eliminate PMI
Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.
Save Thousands in Interest
When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years. Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan. However, in the long-term you are saving thousands in interest. And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.
Return to our mortgage refinance page
| South Carolina News |
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The parents of the television anchorwoman who was beaten to death in Arkansas say there's evidence their daughter was sexually assaulted.
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Governor, comptroller disagree on when to cut
Comptroller General Richard Eckstrom says South Carolina state agencies need to make immediate spending cuts.
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House Leader: Oust CEOs of Big Three Automakers
Hide Video One of the U.S. House's top Democrats says the heads of the nation's Big Three automakers should give up their jobs as a condition of $25 billion in proposed federal help.
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Travis Barker and DJ AM are teaming up for their first performance together since surviving a September jet crash.
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Traffic deaths are down nearly 17 percent so far this year in South Carolina. The Post and Courier of Charleston reported Monday that there have been 802 traffic deaths in the state between Jan.
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OBAMA license plates target for thieves
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South Carolinians are heaving a sigh of relief as Sunday marked the end of a quiet hurricane season.
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One coach fired, another leaves South Carolina
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Police arrest man in death of TV anchorwoman
Police has arrested an Arkansas man accused in the beating death of a popular television anchorwoman originally from South Carolina.
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Dear Abby 11.27.08
I consider myself to be a nice, normal person. I know how to make interesting, intelligent conversation that can engage just about anyone.
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More than 100 motorcyclists have been killed this year on South Carolina roadways.
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Not-so-jolly economy brings woe to Santa's lap
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State Sen. Ford says gambling could ease budget
Charleston Sen. Robert Ford says making video gambling legal again in South Carolina and other forms of gambling could ease the state's budget problems.
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Treasurer balks at bonus of $176,500 to fund chief
South Carolina Treasurer Converse Chellis asked Wednesday that the Retirement System Investment Commission hold off paying a $176,500 bonus to the man chiefly responsible for making the state's retirement ...
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Indiana Seeks $330 Million Loan For Jobless Fund
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Petition Calls For Higher Education Standards
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Shoppers can buy guns tax-free in South Carolina this weekend
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AAA: First Drop In Thanksgiving Travel Expected In 6 Years
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Texas to test wireless call blocking in prison
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