South Carolina Mortgage Refinance

Whether it’s a charming Charleston (29401) home or a beach home in Myrtle Beach (29572), home owners in South Carolina are taking advantage of mortgage refinance rates to lower their monthly payments. Rates for a 30 year fixed mortgage are 5.28% APR, whereas the 15 year fixed product offers rates from 4.43% APR to 4.79% APR. The South Carolina mortgage refinance market is competitive and knowing how to identify the best rate and terms can be challenging. With so many options, South Carolinians should create a financial budget and goals, decide which product is the best fit (fixed or adjustable), compare rates from a variety of local lenders and factor in points and fees before selecting a lender. Home values are important too. The median home value in South Carolina is $123,400. Visit the town of Columbia (29821) and the median home value is $125,200. In Greenville (29698) the home value is $126,300. The median sale price for a home in South Carolina is $144,000; however homes in Sheldon (29941) have sold for $1,000,000 and $675,000. Homes in Summerville (29483) have sold for $310,000 and $111,000.