📱Call or Text us: 843-683-2165 📨Email: david@davidHsimcox.com 📅Free Real Estate Consultation (Zoom Call): www.davidhsimcox.com/contact David Simcox South Carolina Real Estate Agent 89795 Realty One Group-Lowcountry
@johnminichielli8957 Жыл бұрын
Sounds a lot like a reverse mortgage. Would have been good to hear a comparision.
@lowcountrylifestyles Жыл бұрын
Yeah, if you have any questions about this, feel free to reach out to Brian.
@publico2217 күн бұрын
It is a reverse mortgage
@micker9830Ай бұрын
Moved form CT to Beaufort and LOVE it here! MUCH cheaper than living in CT. Life is so much easier and the weather is a hundred times better.
@lowcountrylifestylesАй бұрын
@micker9830 where in CT? I spent a summer in Old Saybrook. So glad you are loving it here.
@micker9830Ай бұрын
@@lowcountrylifestyles I was in the Canton/Avon area. My coosunulivescin Old Saybrook, it's nice there. Still like SC much better! Only thing I miss is the Italian food and Fenway park trips, besides my friends and family.
@mikef445Ай бұрын
I just got off the phone with Mr. Banon, and low and behold he told me that you need to have 70% down to qualify for this program. This is nothing more than a good old fashioned bait and switch. To be fair he answered all my questions but the fact is he gave misinformation on the figures. Take it for what you will.
@ridinwithricky64443 ай бұрын
My primary home is in NJ. My wife and I built a house in Horry county in 2021. 4bd/2ba on a half acre lot. We payed $215,000 with an interest rate of 3%. We only had to put down 15%.Our payment with property taxes is about $1400 a month. My NJ is worth around $600,000 and is payed off, we just pay utilities and property taxes. Property taxes in NJ are obscene, ours are currently $850 monthly 😡. This HEMC sounds too good to be true, there’s always a catch. But if it does work for some people, god bless! 👍🏼
@danielmcgregor88039 ай бұрын
Nice info. Thanks!
@lowcountrylifestyles9 ай бұрын
Glad it was helpful!
@joeadams4354Ай бұрын
Is this program only in SC or nationwide?
@angietrudell58752 ай бұрын
All, look this up, it is not fishy, it is true...just may not be right for everyone
@lowcountrylifestyles2 ай бұрын
That's right. It may not be for everyone but it is beneficial for some.
@CryptoVin Жыл бұрын
Awesome info never heard of it before
@lowcountrylifestyles Жыл бұрын
Yeah, I thought it was pretty interesting also
@publico2218 күн бұрын
It’s a reverse mortgage!
@steveos51124 ай бұрын
This sounds to good to be true. If it is true then you need to expand this topic more. Why would a retired person want to buy more home (750K) when all they need is a 200k ranch? Especially in retirement. You should give clear examples. There is clearly some details you are leaving out. This does not smell right.
@backpain4ever505 Жыл бұрын
This sounds like a very poor financial plan.
@lowcountrylifestyles Жыл бұрын
Yeah, I would suggest speaking with your financial advisor about anything to see if it’s the right move for you.
@snarkysib8937 Жыл бұрын
Just because it’s “Government approved” doesn’t necessarily make it a good idea. It seems like a win win for the LENDER with 50% equity in the home to start & protection if home values tank.
@lowcountrylifestyles Жыл бұрын
Yeah, it may not be a good idea for everyone. I’m sure different financing options are better for some and not others.
@Spartan_-du9wi9 ай бұрын
This is a disgrace.Guy is basically a predatory lender.
@lowcountrylifestyles9 ай бұрын
Thanks for the comment. I’d love to know why you feel this way. Can you elaborate on what makes this a predatory loan?
@brigitteevens85111 ай бұрын
Sounds too good to be true. What’s the catch? Would prefer to know what it is upfront without talking to another mortgage company. Just talked to at least 7 of them and never heard of it.
@briankowald64655 ай бұрын
Lots of drawbacks: high fees, plus no value to pass on to heirs. It’s not common to loose the house completely. If the mortgage company decides you aren’t maintaining it correctly, they can take it. You could be upside down if you decide to sell. They changed the name from “reverse mortgage “ because of all the negative press about reverse mortgages. Don’t do it.
@kennethfitzgerald7451 Жыл бұрын
This sounds fishy and heard some contradictory comments
@lowcountrylifestyles Жыл бұрын
I don’t claim to know everything about this financing option, which is why I interviewed Brian about it. Feel free to reach out to him directly if you have any questions.
@maryjoschlechty75902 ай бұрын
Any. thing close to Columbia South Carolina?
@lowcountrylifestyles2 ай бұрын
Are you asking for homes near Columbia or a mortgage broker?
@mariegio215 Жыл бұрын
Is this only for South Carolina
@lowcountrylifestyles Жыл бұрын
I believe they offer these everywhere, but I’m not sure where all Brian is licensed. If you reach out to him, I’m sure he can put you in the right direction in your state.
@johnmcmanus123 Жыл бұрын
question why does it have to be 62 and retired why cant it be 59 and retired . Retired is retired.
@lowcountrylifestyles Жыл бұрын
I would call Brian. He is the expert on this.
@martinak8804 Жыл бұрын
This is a reverse mortgage!
@johnmcmanus123 Жыл бұрын
I know it is . @@martinak8804
@zachery8694 Жыл бұрын
🍀 *Promo SM*
@stevefoust58192 күн бұрын
My problem is I’m from this area and you folks from the north will be bring your political views with you and screw up this state!!