Reverse Mortgage vs. Home Equity Loan: Which is Right for You?
Deciding between a reverse mortgage and a home equity loan depends on your individual financial situation, needs, and goals. Both options allow you to tap into your home’s equity (either as the existing owner or during the purchase process), but they work differently and have distinct advantages and disadvantages. Here’s a comparison to help you […]
Common Mistakes to Avoid When Applying for an FHA Loan in South Carolina
When applying for an FHA loan in South Carolina or any other state, it’s important to be aware of common mistakes that borrowers often make so that you can avoid them. FHA loans are popular because they offer more lenient qualification requirements, lower down payment options, and competitive interest rates, but there are still important […]
Why Do Lenders Charge Home Loan Prepayment Fees?
When it comes to home loans, borrowers (including first-time buyers in SC) often aim to pay off their mortgages early to reduce interest payments and achieve financial freedom. However, many lenders impose prepayment fees, which can be a source of frustration for borrowers. With this in mind, we want to explore the reasons behind lenders […]
What is the Borrower Required to Pay on a HECM Reverse Mortgage?
The Home Equity Conversion Mortgage (HECM) program offers a unique financial solution for homeowners aged 62 and older. With a HECM reverse mortgage, eligible borrowers can convert a portion of their home equity into tax-free funds without having to sell their home or make monthly mortgage payments. While this program provides financial flexibility and security, […]
No Social Security?

If you don’t have a Social Security Account, you may want to look into this. With your free, personal my Social Security account, you can receive personalized estimates of future benefits based on your real earnings, see your latest Statement, and review your earnings history. It even makes it easy to request a replacement Social […]
Eric Gray – FAA Commercial Drone Pilot

We’d like to Congratulate Eric Gray, as the newest FAA Commercial Drone Pilot on the Grandstrand! Contact Graycrest Realty for all your Drone for Hire needs.