Traditionally, shopping for a new home has always been more fun than applying for the home loan you need to buy it. But Academy Mortgage of Charleston aims to change that. Our home loan application process is so easy and smooth, you’ll wonder why you didn’t do it years ago.
Sometimes, the paperwork associated with applying for a home loan can seem overwhelming to homebuyers. But our mortgage loan lenders make it simple. We explain what needs to be done every step of the way, so you never feel confused, worried, or stressed.
Our customers love that they can get the benefit of working with a nationwide mortgage company that still offers friendly, localized service and access to competitive interest rates. Charleston borrowers appreciate our locally staffed office, where they can come in anytime and speak to a member of our team.
We’re here to help Charleston residents realize the American Dream of homeownership. Come talk to us today about applying for a mortgage in Charleston.
To those who aren’t well-versed in mortgages, the options for home loans in Charleston can seem dizzying. It’s hard to tell which one is right for you, or which ones you may be eligible for. That’s what our team at Academy Mortgage is for—to help you explore your many options for affordable home loans.
We offer up to a dozen home loan programs for Charleston residents, and we explain each one to you carefully so you can make the right decision for your financial situation.
Choosing to refinance your mortgage on your Charleston home could save you thousands. However, the success of mortgage refinancing hinges on getting the timing right.
Many Charleston homeowners opt for mortgage refinancing when interest rates drop. Broadly speaking, if the interest rate is at least 1 percent lower than your current rate, it’s usually worth it to refinance.
When you make the decision to refinance your home, you may also opt to change the terms of your loan. If you’ve been paying on a 30-year loan for a number of years, and you refinance to a new 30-year loan, your monthly payment will likely be lower.
On the other hand, if you shorten the term of your loan, your payments will probably be higher, but because you’ll make them for a shorter time, you’re likely to save money on interest.
Another reason Charleston homeowners choose mortgage refinancing is to change from an Adjustable-Rate Mortgage (ARM) to a Fixed-Rate Mortgage. Getting an ARM as your initial home loan can save you money, but after the introductory period is over, your mortgage interest rate becomes variable, which may leave you with potentially higher payments.
Academy Mortgage handles your home loan—including underwriting and funding—right here in Charleston, and that helps you get approved faster. Working with a local mortgage company has its advantages, and speedy processing is one of them.
Start down the path toward homeownership in Charleston. Choose the friendly mortgage lenders at Academy Mortgage.