Lake Keowee Expert Blog
Nope, it’s not over in places close to Lake Keowee. The COVID– 19 virus is still with us more so every day apparently. Around Clemson University, several students that have returned to the area have tested positive for the virus. The football team reported 23 cases alone. You remember when you were 18 and you were virtually indestructible (yeah, me neither but we thought we were!) You didn’t need to social distance, a mask, sanitizer, etc. Well not everyone was that way, but certainly more folks felt that way in their 20’s than do in there 50’s. Apparently it’s showing with this spike. The good news is most folks appear to be asymptomatic (our vocabulary word for the week). Keep your fingers crossed it will stay that way, make sure you stay 6 feet away from folks, wear a mask and wash your hands habitually. It’s not the 18 year olds we need to worry about; it’s us 50+ year olds. We continue to be busy as to be expected this time of year. We were able to put a couple more lots under contract and show quite a bit of property. We also closed on more than $2M in property – pulling the corn while the sun shines! Problem we’re running into now is a lack of inventory. If you’ve been thinking about putting your home or lot on the market, DO IT NOW – while folks are out looking in earnest! Let us tell you what it’s worth and how we can get it out in front of as many curious eyes as possible.
[email protected] or [email protected] .
A Critical Guide to Home Loans:
Tips for the best deals
Apply for an FHA – or Veterans Administration-Backed Mortgage – The Federal Housing Administration and the Veterans Administration don’t actually make loans, but they do guarantee loans offered through traditional lenders. With an FHA loan, you can put down as little as 3 percent, depending on the value of the property. VA loans often require no down at all, but they carry eligibility requirements based on service in the armed forces.
Negotiate the Points – If you’re considering a large mortgage, your lender may be willing to lower the points charged to get your business. You lose nothing by negotiating. If you’re planning to stay in your home for less than five years, lower your points paid by accepting a higher interest rate. If you’re sticking around longer, consider more points against a lower mortgage rate. You pay higher costs up front but can save money in the long run. Just remember there are three components to your mortgage loan: the interest rate, the points and the lender’s charges.
Watch Out for Prepayment Penalties – Make sure you won’t be penalized for paying off your mortgage ahead of schedule if you choose to do so. (When making an additional payment above your regular mortgage payment, always be sure to specify that the additional amount is toward principal!)…
More next week….
Check out the Lake Keowee Real Estate numbers for the year
Lake Keowee Area News Corner
Important to note catfish aren’t always necessarily bottom fish
Important to note catfish aren’t always necessarily bottom fish
Catfish are mistakenly believed to be only a bottom-dwelling fish, but they can often be caught suspended around manmade structures during the summer.
Clemson City Council may require face masks
Clemson City Council may require face masks
Dockside Elevations
Increased virus levels found in city’s wastewater
Increased virus levels found in city’s wastewater
This illustration shows the 2019 Novel Coronavirus. The virus has been identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China