Keowee Expert Blog The New Normal

Turned out to be a really nice week weather-wise leading to lots of activity around Lake Keowee over the weekend. People were out in force trying to get away from their lives of social distancing, trying to return to a level of normal even if things are still abnormal. I guess it’s just a new way of life, at least for now, something we all have to and will get used to. Learning to live with the “new normal” and taking the proper precautions is the key for us all when it comes to the virus. By this time next year this will be all behind us and we will be finding new ways to make sure it doesn’t happen again – hopefully.
It’s been another great week for us as we’ve been able to put 4 Lake Keowee waterfront homes under contract along with 3 lots. That’s busy and is leading to one of the best, if not the best, June we’ve had in our history (that’s over 30 years of selling property on Lake Keowee). 
Hopefully, the country can begin to heal soon as we enter a difficult time for our society. With all of the new methods of communications has come a real microscope into our daily lives and beliefs. It is our reality and we’ve got to learn to live with it and through it, or despite it, learn to thrive as a country.

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A Critical Guide to Home Loans:

Questions to ask while shopping for you loan

Prepayment Penalty – If you decide to pay off your mortgage before the term is up, or refinance when interest rates go down, you may have to pay a prepayment penalty.

Special Deals – Some lenders reduce interest rates for customers who avail themselves of other services offered. For example, your bank might take a quarter of a percentage point off if you agree to automatic prepayment from you checking account.

Time to Approval – Find out how long it will be before you’ll have a decision on whether or not your loan application has been approved by the lender. A week or two is pretty normal.

Loan Commitment Period – Make sure you know how long your lender’s commitment is good for. The last thing you need is to decide on a loan amount at a certain rate, find the right home and discover your interest rate went up in the meantime.

Many lenders now offer lock-in programs. This means that the lender will guarantee in writing your loan at a certain rate for a certain period of time. common lock-ins are for 10-,12-,21-,30-,45- and 60-day periods. The longer the lock-in, the more time you have to shop and iron out hitches in the loan process. But a lender might charge you more in points for longer periods. Then again, a short lock-in period can be next to useless given the amount of time the loan process can take. The lesson here is to be very clear of what a lock-in offers–and doesn’t offer.

Once you have this and other information on various loan programs from different sources, you can make an informed decision as to where to shop for the best mortgage.

More next week….

Check out the Lake Keowee Real Estate numbers for the year

Year End Numbers 5 31 20

Absorption Houses and Lots May 2020

Lake Keowee Area News Corner

Nuclear station gets positive marks from NRC

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In its latest inspection of the three Oconee Nuclear Station units, the Nuclear Regulatory Commission found the plant performed at the highest possible level.

Clemson, Central playgrounds to reopen

Clemson Central playgrounds to reopen