Category: Uncategorized

The Pros and Cons of Refinancing Your Mortgage

Most homebuyers apply for a mortgage to invest in a property. However, life circumstances and shifting interest rates often tempt them to refinance the mortgage a few years later. But, is refinancing worth it? There are positive and negative aspects of refinancing. So, you must assess them before making a decision.  What is Refinancing? Mortgage […]

Are Jumbo Loans Harder to Qualify for in South Carolina?

If you’re purchasing a South Carolina home that’s seeking a residence larger than mortgage limits generally allow, you’re no stranger to a “jumbo loan.” Jumbo home loans in South Carolina are often used to fund luxury homes, and many shoppers fear they’re much more difficult to qualify for than a mortgage. But is this true? […]

What Credit Score Do You Need For a VA Home Loan?

Eligible veterans and active-duty service members in America can apply for a VA loan to invest in a home. The U.S. Department of Veterans Affairs guarantees this mortgage to benefit borrowers. 100% financing and low interest rates are major advantages of choosing this loan. But, the department has not set the minimum credit score needed for […]

What is the Difference Between a Conventional and FHA Loan?

Making a choice between mortgages is a stressful decision when one is set to acquire a first or a new residence. Two common formats that you might be offered are conventional loans and FHA loans that target different borrowers. Knowing a couple of the most significant differences between them enables you to make an intelligent […]

Can You Refinance a Reverse Mortgage?

If you already have a reverse mortgage, you may be wondering if refinancing is a good option. The short response is that refinancing a reverse mortgage is a possibility, and there are some good reasons that you would be considering this option. A mortgage refinance can help you save or access more funds based on […]

How to Refinance Your Jumbo Mortgage in South Carolina

If you’re a South Carolina homeowner with a high-value property, chances are you’re familiar with jumbo home loans. These specialized mortgage loans exceed conforming loan limits and often come with unique refinancing considerations. At BrickWood Mortgage Inc, we understand the complexities of refinancing jumbo loans and are here to guide you through every step of […]

VA Loans vs. Conventional Loans: Pros and Cons

As a potential homebuyer, deciding which type of mortgage to choose is a big decision. If you are a veteran or active-duty service member, you may be considering a VA loan, while others might be looking into a more traditional conventional loan. Both loan types offer different advantages and drawbacks, and understanding the key differences […]

How to Choose the Right Reverse Mortgage Lender in South Carolina

Deciding to pursue a reverse mortgage can be a significant financial decision for many homeowners, especially seniors looking to tap into their home equity. Choosing the right reverse mortgage lender is crucial, as it can greatly influence your experience and financial outcome. If you’re considering a reverse mortgage in South Carolina, understanding what to look […]

Is a Home Inspection Required for a Conventional Loan?

When it comes to buying a home with a conventional loan, one of the most common questions that potential buyers have is whether a home inspection is required. While the answer is no— conventional loans do not mandate a home inspection—it’s essential to understand why having one can be a crucial part of the home-buying […]

Common Mortgage Process Mistakes and How to Avoid Them

Mortgage processes can be complex, and even small mistakes can lead to significant issues down the road. Being aware of common pitfalls and knowing how to avoid them can help you secure the best possible mortgage terms and ensure a smoother home-buying experience. At BrickWood Mortgage, Inc. we understand these challenges and are here to […]