New Price! 2009 E Park Drive Lancaster, SC MLS 3308006 $110,000

Adorable home with split bedroom plan in the East Park subdivision of Lancaster. Convenient to shopping, dining and schools. Laminate floors and vinyl bathrooms. 100% financing available with USDA loan. Ready for a new homeowner! Schedule a showing today!e park

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Price Reduction! 7926 Old Jefferson Highway, Kershaw SC $75,000 MLS 3296839

4 Acres! Cute home with lots of land! Large Den! Easy commute to neighboring towns. Priced to sell. Schedule a showing today!

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4 Acres! Cute home with lots of land! Large Den! Easy commute to neighboring towns. Priced to sell. Schedule a showing today!

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New Listing! 14748 Lions Paw Street, Charlotte $165,000 MLS 3285043

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Gorgeous town home located in the heart of the Steele Creek area! This spacious home has a master suite on the main level and includes 2 bedrooms upstairs along with a lovely loft area. The home privately sits on a cul de sac in the furthest section of the subdivision.Other features included a screened patio, gas fireplace and community pool. Convenient to shopping, dining and entertainment. Extremely close to I-77 and I- 485. This one will not last long! Schedule a showing today!

Open House 6/17 11am-1pm!

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Finance your Fixer Upper

Have you found a home that you love, but it’s not in the best shape? The FHA 203k loan may be a perfect way to purchase a home that is a little rough around the edges.

The FHA 203k rehab is a great loan choice if the home you like needs a little TLC.

The FHA 203k loan allows a buyer to finance the purchase price of the house and the cost of needed or wanted repairs – all with one loan.

Here are two great opportunities to put this loan to use:

225 Saint Michaels Avenue, Great Falls SC 29055-1127

$54,900

MLS 3263964

Cozy brick home that sits on a nice sized lot. Extremely close to I-77. Great opportunity!

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1338 Westwood Road, Lancaster SC 29720-2256

$74,900

MLS 3263542

Fenced back yard, above ground pool with deck. Fireplace that extends 2 floors. 2 Large master bedrooms. Private Street.

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Schedule a showing today!

803-567-LIST

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400 Park Drive Lancaster, SC 29720 -$159,900

Check out my listing – 400 Park Drive Lancaster, SC. Listed at $159,900! Beautifully renovated brick home! Fresh details & remodeled features make this home feel brand new! Schedule a showing today! 803-567-LIST

Check out my listing – 400 Park Drive Lancaster, SC. Listed at $159,900!

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Beautifully renovated brick home! Fresh details and remodeled features make this home feel brand new! Updates include new roof, new plumbing, new cabinets, fresh paint and refinished flooring. Granite countertops and hardwood throughout. Formal dining room and large bedrooms. Unique windows provide refreshing lighting through out the home. Located near the nostalgic Buckelew Park, this home sits on a huge corner lot. Don’t miss out on this one! Schedule a showing today!

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Reverse Mortgages

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Reverse Mortgreverse-mortgage-pic-2age – is a special kind of home loan that allows  homeowners to convert a portion of the homes equity into cash. The equity that is built up over years of making mortgage payments can be paid to the owner.

While this may be a smart option for some, reverse mortgages can be complicated and may not be the best fit for you or your loved one. Also, many people inherit property financed by a relatives reverse mortgage and are unsure how to handle the with property once the parent passes.

Here are few tips to remember when dealing with reverse mortgages:

1. Dont allow the property to automatically revert back to the reverse mortgage company. If someone you know currently has a reverse mortgage. Make sure that there is a plan in place for the property once it is left behind.

2. Dont lose the equity in the property. If there is still equity in the property at the the time of an inheritance; heirs can sell the property by giving back what is owed to the reverse mortgage company. The rest will become profit to those who are inheriting the home.

3. Dont Fail to continue to pay taxes and insurance on the home. This could allow the lender to foreclose on the reverse mortgage and cause the homeowner to be forced to move. 

4. Dont let reverse mortgage companies make you feel like you are stuck. You may not be receiving as much income as expected or the monthly income does not compare to the equity that is lost. Its not too late to eliminate the mortgage if you feel like it is not beneficial. 

Do you or someone you know have questions about their reverse mortgage? Have you inherited a home with a reverse mortgage and are unsure on how to handle it? I can help! Contact me for assistance and to answer any questions you may have. (803)-567-5478 or kiswuana@ericahomes.com. 

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