Choosing Your Financing
For many people, the process of financing is the most daunting aspect of buying a home. To ease this process as much as possible, Carolina Homes has worked to build a positive reputation that transcends into relationships with all major lenders. As a result we can, many times, provide our customers with preferred rates or perks from these institutions because of our established relationship with them.
Finding a mortgage lender that you can trust and feel comfortable working with is also essential towards purchasing a mortgage. Carolina Homes understands this and is more than willing to oblige those customers who prefer to work with smaller institutions. While there may be an additional $300 charged to cover extra legal fees, it is our desire to accommodate those customers who have built a rapport with a specific agency and wish to continue working with that organization.
| Banks | Mortgage Brokers | |
| Specialization | Work with a variety of different loans, as well as mortgages. | Specialize in Mortgages. |
| Who's money are you borrowing? | Lends their own money to you. | Find money from outside lenders. |
| Rates | Creates their own rates, terms and services for you. | Chooses from a variety of lenders who compete against local branches for rates, terms and services. |
| How are they benefitting? | Paid through the interest they receive on the principal of your mortgage. | Receives commission from the lender you choose to purchase a mortgage. Though in extenuating circumstances (poor credit rating or a complicated mortgage) they may charge an additional fee. |