second home: Myrtle Beach Real Estate - 11/12/10 07:37 AM
  
Myrtle Beach real estate sales have been going up and down like the rest of the country but since our market is different from most we now rely on those who wish to relocate, normally after retirement, or the second home buyer.  Investors have faded away except for those who have cash to make a real estate purchase.  Prices are hovering at the 2003 - 2004 levels which means that Myrtle Beach real estate has again become a bargain for those who want to live near or on the ocean.
Many of the Realtors from the Myrtle Beach area are experiencing real … (0 comments)

second home: No Mortgage For Principal Residence In A New State - 02/25/10 07:13 AM
I was reminded yesterday of something that had happened to us when we moved to a new state.  It does not matter how high your credit score or how much money you have in the bank if you are moving to another state, maybe to retire, do not plan on getting a mortgage in the new state if you put on the application that it will be your new principal residence.  
Lenders look at income primarily from a job.  They do not care about most of the investment income or interest.
If you want to get a mortgage instead of … (4 comments)

second home: Buying An Ocean Front Condo In Myrtle Beach SC - 09/21/09 04:44 AM
If you are interested in buying an ocean front condo in Myrtle Beach, North Myrtle Beach, Surfside Beach, or across the street in those areas you can find prices today as low or lower then the pre-boom prices in 2004.
Cash buyers with the help of their own agent can find the fantastic deals, even the months it takes for a short sale purchase may be worth the wait.  
For those who need a mortgage to purchase, there were months during the past two years when no lender would give a mortgage to what is called a CONDOTEL.  I would … (1 comments)