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Two-Time Close vs. One-Time Close Construction Loans in Upstate SC

Two-Time Close vs. One-Time Close Construction Loans in Upstate SC

Thinking about building in Greenville or the Upstate? Your construction loan choice comes down to one-time close versus two-time close: one closing or two, a locked rate or a rate set when your home is finished, less flexibility or more room for changes. This guide breaks down how each works, why we often favor two-time close, and which one fits your build.
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The Great Wealth Transfer: A New Era of Opportunity

The Great Wealth Transfer: A New Era of Opportunity

Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way.
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How Mortgage Rate Changes Impact Your Homebuying Power

How Mortgage Rate Changes Impact Your Homebuying Power

If you're buying or selling a home, mortgage rates are crucial. They directly impact your monthly payment and should be factored into your planning.
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Navigating Negotiations: A Buyer and Seller Guide from Luminate Home Loans

Navigating Negotiations: A Buyer and Seller Guide from Luminate Home Loans

If you haven’t kept a pulse on the current real estate landscape, now is a good time to know that buyers have a little more wiggle room in negotiations. Here’s a straightforward guide on what you might negotiate...
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Refi Demand Exploded (Relatively), But Rates Are Settling (For Now)

Refi Demand Exploded (Relatively), But Rates Are Settling (For Now)

There's been widespread speculation as to the effect that falling rates will have on refinance demand in a world where 2/3rds of mortgages have rates under 4%. This week's data suggests it's worth discussing.
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A Newly Built Home May Actually Be More Budget-Friendly

A Newly Built Home May Actually Be More Budget-Friendly

Many people assume that newly built homes are more expensive than existing ones, but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today.
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How the Economy Impacts Mortgage Rates

How the Economy Impacts Mortgage Rates

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.
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Are Home Prices Going To Come Down?

Are Home Prices Going To Come Down?

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say?
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What Every Homeowner Should Know About Their Equity

What Every Homeowner Should Know About Their Equity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.
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Is Affordability Starting To Improve?

Is Affordability Starting To Improve?

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year.
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Why Tapping into the Equity in Your Home with a Cash-Out Refinance May Make Sense

Why Tapping into the Equity in Your Home with a Cash-Out Refinance May Make Sense

Using the equity in your home with a cash-out refinance can be a strategic way to manage debt, address rising costs, and fund important projects. If you think this might be a good option for you, reach out to us.
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Rates Plummet as The Market Buys Into The Big Shift

Rates Plummet as The Market Buys Into The Big Shift

The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generationally high rates seen at the end of 2023.
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Will Mortgage Rates Change with Biden Dropping Out and the PresidentialElection Going On?

Will Mortgage Rates Change with Biden Dropping Out and the PresidentialElection Going On?

The 2024 presidential election is shaping up to be an interesting one. With President Joe Biden stepping down from the race, many are wondering how this will affect mortgage rates. Let's break down what we know.
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Unlocking Homebuyer Opportunities in 2024

Unlocking Homebuyer Opportunities in 2024

There’s no arguing this past year has been difficult for homebuyers. You may have even put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. But, here’s what you need to know. The housing market is in a transition in the second half of 2024.
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1% Less, 5 Million More: The Significant Impact of Dropping Mortgage Rates

1% Less, 5 Million More: The Significant Impact of Dropping Mortgage Rates

In today's housing market, mortgage rates stand at about 7.5% for a 30-year fixed-rate loan. While these rates seem high compared to the historically low rates below 4% in 2020 and 2021, they are not unusually high when viewed through a broader historical lens.
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Very Calm Week For Rates, Despite Hitting New 6 Month Low

Very Calm Week For Rates, Despite Hitting New 6 Month Low

While much of this week's news cycle was focused on politics, it was business as usual for the bond market and interest rates. At this time of year, that business often involves a lack of major movement outside the days with the most highly consequential economic data.
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