SHELTER COVE PIER

Plans to bring an overlook pier to Shelter Cove Community Park are still in the permitting stage but, if granted by the S.C. Department of Health and Environmental Control, the project may move forward by the end of this year or in early-2017. The width and length of the pier are dictated by state regulations; the cost is estimated at $800,000, with $400,000 already budgeted.  If approved, the Town of Hilton Head must come up with the additional $400,000.

BEACH RENOURISHMENT UNDERWAY

Hilton Head’s beaches are a vital asset to Island residents, visitors and to our economy.  As part of the Town’s long-term strategy, beach restoration is a major component.  The project has begun as of June 2016 and will continue through October. …

1540 Views, 0 Comments

Read Full Post

You can go places with good credit---and Hilton Head Island is a great place to be! Today’s mortgage finance market is all about credit for the best.  According to Bloomberg News, 2016 Q1 numbers from the Federal Reserve Bank of New York’s consumer credit panel, 58% of the $389 billion in mortgage originations (or 51% of the total loans) went to those with an Equifax Risk Score of 760 or higher on a scale of 280 – 860. During the same quarter in 2004, the prime group received 23% of the mortgages.

Borrowers whose score fell within the range of 620 to 659, viewed by lenders as below-prime credit, received just 4.6% of the dollar volume of mortgages for 2016 Q1. This group comprised 6% of purchase mortgage applications during the first quarter of…

1519 Views, 0 Comments

Read Full Post

These days instead of being asked for our name, we are asked for our phone number----area code first, please. Restaurants ask for it so they can buzz us when our table is ready, hotels ask for it to let us know our room is ready, internet shopping sites want it for tracking purchases, even the grocery store wants it before we check out.  It’s non-invasive, non-personal and usually a non-issue to give out.  It’s nothing personal and it’s not insulting; we are our phone number and, in many cases it doesn’t much matter that they don’t know us by name. We have become so accustomed to being regarded as a number that when someone calls us by name or considers us as, er, a person, we are too often taken by surprise.

Our team of Realtors at Lancaster Real…

1812 Views, 0 Comments

Read Full Post