How To Throw Away $100,000 - 08/24/10 01:56 PM
How To Throw Away $100,000
It's very easy.  Rent a house.  
  Columbia, SC     I was talking with a would-be home buyer the other day and he couldn't commit because of dropping home prices.  He said he was paying $850 per month rent for his house. 
If he rents for 10 years he has thrown away $100,000!

30 year mortgage rates are below 5% today and that same $850/month will buy you a $140,000 house. 
We have no idea what that house will sell for in 10 years but most likely it will not lose $100,000 in value.

View all homes … (10 comments)

Introducing The New Bank Of America Doctor Loan - 08/18/10 01:55 PM
Introducing The New Bank Of America Doctor Loan
A new program from Bank of America Home Loans called the Doctor Loan is for licensed, practicing doctors, including dentists and other medical professionals.
This home loan offers significant advantages for these buyers:
as little as 5% down on mortgages up to $850,000 employment start date up to 60 days after the closing is allowed student loan debt is not included in the total debt calculation as always, some restrictions do apply
For more information on these loans contact
Terry Edwards     tedwards@sc.rr.com
www.FeaturedColumbiaHomes.com
 
Shandon     Forest Acres     Old Woodlands     Heathwood    
And all the … (2 comments)

Another Leading Indicator Rises - 08/18/10 05:22 AM
Another Leading Indicator Rises
Another leading indicator of U.S. commercial construction spending rose in July, as recently reported by the architects' trade group.
The American Institute of Architects (AIA) said The Architecture Billings Index was up 1.9 points last month to 47.9.  A reading above 50 indicates expansion, so we are getting close.  
The weak economy and high unemployment have meant less need to design and build stores and office buildings.  Most industrial companies receive a good portion of their revenue from the commercial sector, selling machinery used in construction or the components of a building, such as elevators, electrical … (0 comments)

3.4 Acres For Sale On Garners Ferry Road in Hopkins, SC 29061 - 08/15/10 06:15 AM
3.4 Acres For Sale On Garners Ferry Road in Hopkins, SC

Beautiful rolling, heavily wooded acreage on Garners Ferry Road just past the traffic light on Horrell Hill
3.4 acres of mature hardwoods and 60'-80' pines with 334 feet of road frontage
The lot is almost rectangular in shape and the deepest corner stake measures roughly 550' from the road
 The original Horrell Hill Elementary School was located on this land in the early 1900s
3.4 acres on Garners Ferry Road for sale     $49,900
For additional information contact:
Terry Edwards     tedwards@russellandjeffcoat.com
www.FeaturedColumbiaHomes.com     803 920 5327
 
 
3.4 Acres For Sale … (1 comments)

Leading Economic Indicator Jumps - 08/07/10 11:19 AM
Leading Economic Indicator Jumps
The good news express keeps rolling on.    Yesterday the SC State Ports Authority announced that the volume of containerized cargo traffic through the Port of Charleston increased by 34% in June.  

 
This tops the previous three consecutive months volume, which were all up in double digit percentages.   The SPA stated they ended this fiscal year ahead of anticipated volume.
It's good to see sustained commerce again.  I hope during the last half of the year we will slip it into 2nd gear and the nation will continue to recover from this horrible recession.
Terry Edwards
www.FeaturedColumbiaHomes.com
 
… (1 comments)

First Time Homebuyer Mortgages - 08/07/10 05:42 AM
First Time Homebuyer Mortgages
The Community Homeownership Incentive Program, or CHIP, is offering home mortgages geared to the first time homebuyer.   For residents of Richland and Lexington counties in SC there is NO DOWN PAYMENT required if you meet the following qualifications:
 •   Annual family income cannot exceed $49,920.  There is no income limit for homes located in designated "underserved" communities.  For example, almost all of the Hopkins, SC area.
 •   For families with income up to $62,400 the down payment is only 3%
 •   Private mortgage insurance is not required for these loans.  There are currently hundreds of homes for … (1 comments)

Mortgage Rates Hit Record Lows - 08/05/10 02:13 PM
Mortgage Rates Hit Record Lows
Freddie Mac, who started surveying mortgage rates in April 1971, states that thirty-year fixed rate mortgages have reached new all-time lows in six out of the last seven weeks. 
 
According to the survey, interest rates on 30-year fixed-rate mortgages averaged 4.49 percent for the week, down from 5.22 percent a year ago.
The Mortgage Bankers Association said this week that mortgage applications to purchase homes rose last week for a third straight week as rates have dropped.  Someone out there is catching on that this is a once in a lifetime deal.
This beautiful brick home for sale at 35 Palmetto … (1 comments)