Refinance Mortgage South Carolina

Mortgage Refinancing In South Carolina

1st Advantage Mortgage offers refinancing solutions for your South Carolina home, designed to reduce your monthly mortgage payments, secure more favorable interest rates, or convert your home equity into cash for various purposes, including debt consolidation or home improvements.

South Carolina Mortgages Streamlined

Getting a home loan can be a breeze, and guess what? Refinancing can be just as easy. We’ve tweaked the process to make refinancing your home faster and hassle-free.

We’ve Got a Mortgage For You

Types of Mortgages For Homeowners In South Carolina

Not sure what type of Advantage Mortgage you need or what you qualify for? Take a look at the types of home loans we offer, and then get in touch to meet your Mortgage Coach.

Your Mortgage Coach is your personal resource through the loan process, providing guidance to ensure you find the best loan with the right payment options.

Fixed-Rate Mortgage (15 or 30 years)

With a fixed-rate 15- or 30- year mortgage, your interest rate stays the same throughout the lifetime of your loan.

Adjustable Rate Mortage(ARM)

Take advantage of potentially lower interest rates during the initial fixed interest rate period.

Cash Out Refinancing

With FHA and VA cash-out refinancing, replace your mortgage with a loan worth more than your home so you can pocket the difference.

FHA Streamline Refinancing

Get a lower interest rate and monthly payment with limited paperwork and no home appraisal or credit check.

Interest-Rate Reduction Refinance Loan

The classic traditional loan with low rates and low down payment options.

Fannie Mae RefiNow

An FDA-issued loan offering low down payments and closing costs for eligible properties.

We've Got Your Back

Confused About Refinancing? Don't Worry.

Whether you need to refinance a1st Advantage Mortgage in or are considering a mortgage refinance in , 1st Advantage Mortgage has a variety of options that will help you get the results you need.

In addition to our popular urban refinancing options, we also offer refinancing in South Carolina’s rural areas. Our Mortgage Coaches will help you determine the best refinancing option for your specific situation

See What Our Clients Have To Say About Our Home Loan Services

Our process makes refinancing easier for homeowners in the Carolinas. But don’t just take our word for it – check out our customer reviews to see what they have to say about our mortgage refinancing services.

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Frequently Asked Questions

South Carolina Mortgage Refinance FAQs

Why are refinance rates higher?

In most cases, refinance rates are not significantly higher than rates for purchase loans. Refinance rates can vary between lenders, however. Some may have higher interest rates but lower fees, which can affect the APR (also known as the annual percentage rate, which includes the interest rate, lender fees, and other refinance charges).

Is it cheaper to refinance with my current lender?

It depends. While it’s sometimes cheaper to refinance with your current lender, it’s also common for other lenders to offer better interest rates and fees that decrease your costs. If you’re refinancing your home, you should research different refinance lenders, and compare rates to find the best deal.

Can I refinance my mortgage with no closing costs?

Yes. There are home refinancing options with no closing costs, which are known as “no closing cost refinances.” However, while no closing cost refinances save you money up-front, they aren’t always the most affordable option long-term. No closing cost refinances charge you a higher interest rate in order to waive the closing costs, meaning you could end up with a larger overall mortgage bill.

What is the average closing cost to refinance a mortgage?

Closing costs to refinance a mortgage are typically 2% to 5% of your mortgage. Most homeowners pay $3,000 to $5,000 in closing costs to refinance a mortgage.

How does refinancing work with equity?

A borrower needs a certain amount of equity in their home to refinance. Most rate and term refinance are allowed with 5% equity in the home (95% LTV). Others, who do a cash-out refinance, will have at least 20% equity in their homes when they refinance, and they can use the refinancing to cash out on that equity. In some cases, you may lose equity when you refinance. In others, you can use your equity to pay the closing costs for your refinancing.

If you’re interested in how refinancing will affect your equity, contact our team today. We can help you determine the most likely effect refinancing will have on your equity.

Helping Homeowners Throughout South Carolina

South Carolinas Mortgage Experts

If you’re not sure what type of refinancing is right for you, get in touch with us. Our 1st Advantage Mortgage Mortgage Coaches in the Carolinas can walk you through the process of refinancing your home, including evaluating your needs and goals so they can match you with the best option for your situation.

But it doesn’t have to be that way: Secure a home loan with 1st Advantage Mortgage, and experience our streamlined, hassle-free lending process.

No matter which type of home loan you choose, our NC & SC Mortgage Coaches will help you get it without the usual frustration.

Mortgage Lenders In South Carolina

1st Advantage Mortgage is a refinance lender offering mortgage refinance services throughout South Carolina. In addition to serving the Charlotte area,1st Advantage Mortgage also offers mortgage refinancing in Raleigh, Wilmington, Greensboro, and Greenville, SC.

If you’re interested in refinancing and aren’t sure if 1st Advantage Mortgage serves your area, contact us. We’re active throughout the entire Southeast.

Legal information

² No -Down Payment Disclaimer: Closing costs and fees may still apply

³ Lending Disclaimer: Mortgage rates are subject to change and depend on the borrower(s) qualification. APR rate(s) quoted are based upon a (loan amount), (loan term, including whether fixed or ARM) year.

⁴ Refinancing Disclaimer: When refinancing your mortgage , you can typically reduce your monthly payment amount. However, your total finance charges may be greater over the life of your loan. Your 1st Advantage Mortgage loan professional will provide you with a comprehensive refinance comparison analysis to determine your total life loan savings.

⁵ VA Mortgage Disclaimer: VA home loan purchases offer options for a 0% down payment, no private mortgage insurance requirements, and competitive interest rates with specific qualification requirements. VA Interest Rate Reduction Loans (IRRRL) are exclusively for veterans with current VA loans – current loan rate restrictions apply, and limits to recoupment of costs and fees apply. VA cash-out refinances are available for veterans with or without current VA loans. Policies and guidelines may vary and are subject to individual borrower(s) qualifications. Program and lender overlays apply.

⁶ Down Payment Assistance Disclaimer: First-lien interest rates may be higher when using a DPA.

⁷ Pre-Approval Disclaimer: Pre-approvals are granted to clients who meet qualifying approval criteria and specific loan requirements at the time of application. Results may vary.

General Disclaimer: The content on this page has not been approved, reviewed, sponsored, or endorsed by any department or government agency.

NMLS® Consumer Access℠: https://nmlsconsumeraccess.org/

North Carolina Mortgage Broker License: B-217173

Florida Mortgage Broker License: MBR6689