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Low Down Payment Mortgage Options

By lorcan@luceymortgage.net | August 14, 2018

A down payment is a sign of good faith that you, as a homebuyer, are committed to and financial stable enough to purchase a home. With many conventional mortgages, raising the funds for a down payment can be one of the last hurdles that stand in the way of worthy borrowers before they can close…

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Choosing a Real Estate Agent

By lorcan@luceymortgage.net | July 24, 2018

Finding a home you’ll love may not take a village, but the process is made much easier when you have local industry professionals on your side. At Lucey Mortgage Corporation, we’re proud to be a partner in financing to clients looking for a great home and an affordable monthly payment. When it comes to finding…

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The Basics of Mortgage Insurance

By lorcan@luceymortgage.net | July 10, 2018

Mortgage insurance is a way that lending institutions protect themselves if a borrower defaults on a loan. Also known as private mortgage insurance, PMI and MI, mortgage insurance is typically required on mortgages when a borrower puts down less than 20% on a home loan. Once he or she achieves 20% equity through regular mortgage…

Prepare Yourself with Mortgage Prequalification

By lorcan@luceymortgage.net | June 27, 2018

If you’re interested in purchasing a home, getting prequalified for a mortgage can help you feel prepared as you begin to look at property. When you’re prequalified, you know that you’re eligible for a loan and how much financing you can get. A skilled mortgage professional at Lucey Mortgage Corporation will look at your income,…

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The Basics of a Reverse Mortgage

By lorcan@luceymortgage.net | June 13, 2018

A reverse mortgage is a financing option that allows seniors to continue to live in their homes and receive cash or a credit line in exchange for their home equity. In this week’s blog, we’ll go over the basics, benefits and uses of reverse mortgage for your consideration. Like with any serious financial commitment, taking…

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How Much Mortgage Can You Afford?

By lorcan@luceymortgage.net | May 23, 2018

If you’re interested in buying a home, one of the first things you’ve probably thought about is how much house you can truly afford. To determine how much you can afford, you’ll need to look carefully at your current finances and responsibilities and consider how they may change over the next few decades. You’ll also…

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Could Mortgage Refinancing Help You Achieve Your Goals?

By lorcan@luceymortgage.net | May 8, 2018

When you sign a mortgage contract, you’re making a serious commitment to a long-term financial obligation. That being said, mortgage refinancing can help clients maintain flexibility and ensure they are on track to meet their financial goals. There are two main divisions of mortgage refinance: rate-and-term refinance and cash-out refinance. Here, the mortgage professionals at…

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Prepare with Our Mortgage Application Checklist

By lorcan@luceymortgage.net | April 24, 2018

Navigating the world of home financing can be an intimidating venture without the help of a skilled professional. Mortgage brokers are loan professionals who are well versed in all types of home financing. They evaluate potential borrowers’ financial status and find mortgage options for which they’re qualified. At Lucey Mortgage Corporation, we help walk our…

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Financing for Fixer-Uppers

By lorcan@luceymortgage.net | April 10, 2018

For many potential homebuyers, the prospect of purchasing a home in need of TLC is a challenging and exciting proposition. “Fixer-upper” is a phrase used to describe homes with all types of rehabilitation needs, big and small. Clients purchase fixer-uppers for their own primary residences, as secondary homes and as investment properties. In this week’s…

Couple Buying House

An In-Depth Look at Closing Costs

By lorcan@luceymortgage.net | March 27, 2018

Welcome again to our mortgage blog, where we cover home financing basics to help you better prepare for owning a home. This week, we’ll explore the different costs you’ll encounter when you sign final documentation to secure your loan and purchase your new home. These closing costs are as widely varied in cost and item…

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Lucey Mortgage Corporation
861 Coleman Blvd
Mount Pleasant, SC 29464

Phone:
843-224-3650
EFax:
888-534-8868

Hours:
MON-THURS 8:30 AM - 5:00 PM
FRI by Appointment