Summer 2024 around Lake Keowee is going to be spectacular! Just wanted to put that absolute truth out into the ether. The more we say it, live it, believe it the more it will happen and I for one am eagerly looking forward to it. Before you know it the kids will be out of school and begging you for a Lake Keowee waterfront home or lot. Well, maybe just a trip to Lake Keowee, but you know you’ll want the property. It’ll make the whole thing a lot easier.
Another good week as we have been able to close on a $1.4M Lake Keowee waterfront house and have a line on a couple of good new listings. The buyers have been a bit slower this week, but as the weather gets consistently warmer that will take care of itself. Make sure you take time to check out our current listings. Have some special ones you may find exciting. Who knows, you may have a friend who would need a place close by you can use to take the kids from time to time.
Lots of holes in the inventory for Lake Keowee waterfront real estate. You need to help us fill them! If you’re not ready to sell, maybe someone you know is. Send them our way!
Home Buyers: A Critical Guide To Home Loans:
Choosing the right mortgage will affect your very financial future. Here’s vital information to help you weigh your options and make a sound decision.
An Insider’s Guide to Understanding Mortgage Loans
Don’t get stung by unexpected fees
One of the most common errors I’ve seen borrowers make is in not considering the various fees they will end up paying in figuring out the final cost of a home. Let’s take a look at what you can expect.
Tips for the best deals
Now that you know a little more about mortgages and where they come from, I’ll share with you my tips for getting the best deal and saving yourself a lot of headaches in the process.
Consider the Benefits of an Early Paydown – There are several benefits to accelerating the payments on your mortgage. Every extra dollar you put into your mortgage can save you up to three dollars down the line in interest savings. You’ll build equity in your home more quickly, which puts you in a better position to trade up in a shorter time period. It also forces you to save money you might otherwise spend rather than invest. But make sure you verify with your lender that there won’t be a prepayment penalty.
Accelerating your monthly payments won’t save much if you’re in your home for only a few years, but ofr longer-term situations it makes a lot of sense.
(If you refinance your home, you may consider this option: Continue to pay your old mortgage rate instead of your new one – stipulating, of course, that the extra money is to pay off principal. By doing this, you will pay off your loan sooner and save tens of thousands of dollars.)
more next week….
Check out the Lake Keowee Real Estate numbers for the year
